UNUS SED LEO (LEO/USD) Market Order Flow Remains Bearish
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UNUS SED LEO Price Prediction – August 7
LEOUSD market order flow remains bearish on the daily chart. Should a BOS (Break Of Structure) occur at $5.390, LEOUSD might retrace upward, resuming its downtrend after hitting the major trendline.
The price is currently below the 9-day Simple Moving Average (SMA) of $5.680, indicating that the recent trend has been downward. Additionally, the Moving Average Convergence Divergence (MACD) histogram shows negative momentum with red bars, further confirming the bearish sentiment. The MACD line is below the signal line, a traditional sell signal that suggests the bearish trend may continue.
LEO/USD Market Key Levels:
Resistance levels: $6.010, $6.190, $6.500
Support levels: $5.170, $4.870, $4.350
LEO/USD – Daily Chart
The daily chart for LEO/USD shows that the market’s order flow remains bearish.
The price action on the chart reveals several key bearish patterns. The LEOUSD pair has been consistently forming lower highs and lower lows since the peak in March. A significant resistance level of around $5.730 has repeatedly capped upward movements.
The Break of Structure (BOS) at $5.390 indicates a shift from a consolidation phase to a downtrend. The recent price action has struggled to break above the downward-sloping trendline, highlighting sustained selling pressure. The Change of Character (ChoCH) in April also marks a critical point where the market sentiment turned negative.
What is the projection for the LEOUSD market?
Projection based on the current technical setup suggests further bearish movements for LEOUSD. The pair is expected to continue its decline, potentially retesting the support level at $5.170.
If this level fails to hold, the next significant support is around $4.870, with a more extended target at $4.350 if the bearish momentum persists. Short-term fluctuations may occur, with possible retracements to the $5.660 level, but the overall direction remains bearish.
LEO/BTC Price Analysis
The LEOBTC pair is showing a bullish trend, with the price above the 9-day Simple Moving Average (SMA) at 0.000093140. The MACD histogram displays positive momentum, supported by green bars and a rising MACD line above the signal line.
Recent price action has broken through the rejection block around 0.000082630, confirming bullish sentiment. The projected path suggests a continued upward movement toward the next resistance levels at 0.0001050 and potentially 0.000115260.
UNUS SEO LEO (LEO) Current Statistics
The current price: $5.66510
Market Capitalization: $1,210,000,000
Trading Volume: $7,046,00
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