UNUS SED LEO (LEO) Prepares to Hit the $10 Mark, But May Be Capped

•  LEO has climbed from ~$1 to near $10, showing a strong long-term uptrend.
• $10 may act as short-term resistance, with the SRSI overbought (~96) hinting at a possible pullback.
• $10 is the near-term target; $15 remains possible longer-term if momentum holds.

For a coin that has come up all the way from as low as around $1.0 to now trade near $10, this coin can be said to have a genuine long-term upward trajectory. Some speculators have commented that this token is undervalued and, as such, has high potential for further profit. Let’s explore the details further below.

LEO on the 24-Hour Price Chart

The LEO/USDT market holds a strong upward rebound in today’s trading session; the corresponding price candle for the ongoing session is a green one and holds the market above the 9-day Exponential Moving Average (EMA) line.

Likewise, the Stochastic Relative Strength Index (SRSI) indicator lines have a sharp upward trajectory following a crossover in the overbought region.

LEO/USDT May Be Near a Strong Resistance

With the general trajectory of the UNUS SED LEO token remaining upward, the market may nonetheless be capped at $10 in the meantime. There are a few indications that suggest this possibility.

The ongoing session does not yet have a strong bullish stance. However, we can already observe the SRSI indicator line in the overbought region. The lead line can already be seen at the 96 mark of the indicator, suggesting an overbought condition. As such, a downward crossover may occur shortly.

UNUS SED LEO Eyes a Fair Target at the $10 Mark

While a higher price mark at $15 may be reached, it seems more imminent that price action will hit the $10 mark first.

Also, considering the movement of the SRSI curves, one may assume that upside forces may be quite strong. Consequently, this may sustain the market’s upward momentum toward the $15 price level.