UNUS SED LEO (LEO/USD) Market Displays Weak Momentum Below Critical Resistance Zones
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UNUS SED LEO Price Prediction – June 18
LEOUSD market displays weak momentum below critical resistance zones. The LEOUSD pair has been exhibiting a generally sideways-to-downward trajectory within a broad consolidation band.
The consolidation is underscored by its proximity to the 9-period Simple Moving Average (SMA) currently situated at $9.080. The RSI Oscillator hovers near the neutral 50 mark (56.45), offering no strong bullish confirmation despite recent price gains. This reflects fading bullish momentum, particularly as the pair struggles to establish dominance above the $9.480 resistance region. The structure suggests distribution rather than accumulation, indicating underlying bearish intent masked by short-term recoveries.
LEO/USD Market Key Levels:
Resistance levels: $9.480, $9.920, $10.710
Support levels: $8.840, $8.400, $7.940
LEO/USD – Daily Chart
The daily chart for LEO/USD reveals a strong selling pressure from the $9.480 supply zone.
LEOUSD encountered a significant rejection at $9.480, a level that coincides with equal highs (EqH). The previous bullish attempt above this point was swiftly invalidated, leaving behind a potential bull trap and confirming a Change of Character (ChoCH) earlier around $8.940.
Additionally, the accumulation box below $8.830 was swept without a decisive rally, further validating the idea of engineered liquidity grabs by institutional actors. The failure to sustain higher highs while maintaining equal highs is an indication of distribution at resistance.
What is the projection for LEOUSD market?
Looking ahead, the technical evidence favors a bearish continuation scenario. Should the price fail to reclaim and sustain above the $9.480 threshold, a downside move toward the $8.840 support level appears imminent. Breaching this support would likely open the door for a last decline toward the $8.400 zone.
LEO/BTC Price Analysis
LEOBTC has rejected the bearish order block and failed to sustain above the 0.00008870 resistance zone. The RSI is showing a potential bearish divergence, hinting at weakening momentum near recent highs.
Price is struggling to break the 0.00008810–0.00008870 range, with a clean rejection signaling renewed selling pressure. A breakdown below 0.00008450 could accelerate the move toward 0.00007500 support.
UNUS SEO LEO (LEO) Current Statistics
The current price: $9.480
Market Capitalization: $8,470,000,000
Trading Volume: $2,360,000
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