UNUS SED LEO Price Prediction: LEO/USD Targets $4.30 Resistance
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UNUS SED LEO Price Prediction – January 19
The UNUS SED LEO price prediction reveals that LEO may break out of the current short-term pattern and move towards the $4.30 level.
LEO/USD Long-term Trend: Ranging (Daily Chart)
Key levels:
Resistance Levels: $4.40, $4.50, $4.60
Support Levels: $3.70, $3.60, $3.50
LEO/USD is currently trading around $4.02 with a 0.06% gain in the past 24 hours. Looking at the daily chart, the UNUS SED LEO price is struggling to stay above the important level of $4.00. However, for LEO/USD to remain above this level for the past few days, it has made many traders feel that the $3.90 support level could be pretty strong.
UNUS SED LEO Price Prediction: Would LEO Price Break Higher
The UNUS SED LEO price is seen hovering below the 9-day and 21-day moving averages, if the coin breaks below the support level of $3.90, the market price may test another support below the 9-day and 21-day moving averages at the $3.80 level. Alternatively, UNUS SED LEO may touch the resistance level at $4.10 to head upwards. If successful, it could then aim at $4.40, $4.50, and $4.60 resistance levels.
However, the 9-day MA is likely to cross below the 21-day MA, which could bring the sellers back into the market. Moreover, this means that there may still be a room that could be explored by the bears if it crosses below the lower boundary of the channel. Therefore, the critical supports at $3.70, $3.60, and $3.50 may play out.
LEO/USD Medium-Term Trend: Ranging (4H Chart)
From a technical point of view, on the 4-hour chart, the 9-day moving average is likely to cross above the 21-day moving average, this may confirm the bullish movement. Meanwhile, adding to the above, there is a little bit of bullish divergence on the chart as the market price may head toward the upper boundary of the channel to continue the bullish movement.
However, if the UNUS SED LEO price slides toward the lower boundary of the channel, the market price may likely reach support at $3.95 and below. Meanwhile, if the current market value rises and crosses above the upper boundary of the channel, it may likely reach the resistance at $4.10 and above.
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