UNUS SED LEO (LEO) May Be Taking Off from Strong Support
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- LEO shows strong bullish momentum, trading above the 9-day EMA.
- The SRSI indicates continued upward momentum despite entering the overbought region.
- LEO could rise from the $8.81 support level toward $10 and potentially $15.
The UNUS SED LEO token seems to have settled into a stable base for a while. As a result, analysts believe there is potential for further upside in the coming months. This suggests that higher price levels may be reached as trading progresses. To that effect, let’s take a closer look at recent market developments below.
LEO on a 24-Hour Chart
On the daily price chart, today’s trading has been significantly bullish as of the time of writing. The previous session started an upward movement, which the ongoing session has advanced. This has brought the token to trade above the 9-day Exponential Moving Average (EMA) curve.
The ongoing session is represented by a significantly large green price candle, suggesting strengthened bullish momentum. The Stochastic Relative Strength Index (SRSI) indicator lines have maintained their upward trajectory since the latest bullish crossover.
Buyers Are Convinced That UNUS SED LEO May Soon Hit $10
Considering the size of the latest price candle on the LEOUSDT chart, it can be seen that price action has experienced some growth in bullish momentum. The ongoing session has pushed the token’s price significantly above the 9-day EMA curve.
Likewise, the Stochastic Relative Strength Index (SRSI) lines suggest that upward forces are still in control. This is so despite the fact that the leading line has reached the 80 level. As such, the market still has a chance of hitting the said target.
LEO May Surpass the $10 Target
Although the SRSI indicator lines have moved past the 70 mark, with the leading line reaching 80, it remains quite possible that we may witness price action rising to higher levels. The ongoing session maintains a strong position above the 9-day EMA curve, even as the SRSI lines remain in the overbought region. On a longer time frame, the LEOUSDT market can be seen rising steadily over time. Therefore, we may see a strong bullish move from the support level at $8.81 toward the $15 mark.
