UNUS SED LEO Price Prediction: LEO/USD Stables Above $5.95 Level
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UNUS SED LEO Price Prediction – April 10
The UNUS SED LEO price prediction shows that LEO is making a gradual process to trade in positive territory, keeping up to 2.91% gains.
LEO/USD Long-term Trend: Bullish (Daily Chart)
Key levels:
Resistance Levels: $7.00, $7.20, $7.40
Support Levels: $5.00, $4.80, $4.60
LEO/USD is currently gaining more than 2.91% overnight and has remained unchanged since the start of the day. The coin has been able to stay within the 9-day and 21-day moving averages and this barrier prevents LEO from dropping below $5.80.
UNUS SED LEO Price Prediction: LEO/USD May Experience More Gains
The UNUS SED LEO price is climbing above the $5.99 resistance as the coin moves to settle above the 9-day and 21-day moving averages. Meanwhile, when a new uptrend begins to form, buyers can usually use the moving averages as the closest support level. However, if the red line of the 9-day MA crosses above the green line of the 21-day MA, traders can confirm that the market is staying within the bullish zone.
Nonetheless, if the market decides to go down, the UNUS SED LEO price may drop below the moving averages to touch the support level of $5.50, should this support fail to contain the sell-off; we may see a further drop to $5.00, $4.80, and $4.60. However, the resistance levels are located at $7.00, $7.20, and $7.40 respectively if the bulls increase the pressure.
LEO/USD Medium-term Trend: Ranging (4H Chart)
Looking at the 4-hour chart, the LEO price has followed the sideways movement. At the time of writing this analysis, the coin may likely break into the upside if the bulls increase the buying pressure. Meanwhile, the $6.50 and above may come into play if LEO/USD breaks above the upper boundary of the channel.
However, if the UNUS SED LEO slides below the 9-day and 21-day moving averages, the support level of $5.50 and below may be in focus. Meanwhile, if the 9-day MA slides below the 21-day MA, bearish signals may play out within the channel.
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