UNUS SED LEO (LEO/USD) Market Set To Continue Bullish Run After Pullback
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UNUS SED LEO Price Prediction – October 9
LEOUSD market set to continue bullish run after pullback. Owing to the current overbought state of the market, a correction to the downside is imminent. However, the overall trend of the market remains the same.
The Stochastic Indicator is currently overbought, with the %K line at 97.60 and the %D line at 95.85, signaling the likelihood of a bearish retracement before further upside momentum. Meanwhile, the price remains above the 9-day simple moving average (SMA) at $5.920, which suggests that the bullish trend is still intact despite the overbought condition.
LEO/USD Market Key Levels:
Resistance levels: $5.900, $6.190, $6.500
Support levels: $5.390, $5.100, $4.870
LEO/USD – Daily Chart
The daily chart for LEO/USD reveals that the market might decline for a short-term retracement.
LEOUSD experienced a breakout above $5.750 after retracting from the order block (OB) near $5.750. Should the price retrace downward, it is likely to resume its bullish trend after a sell-side liquidity grab into the bullish order block.
What is the projection for the LEOUSD market?
After the retracement, the next bullish move could push LEOUSD to test the resistance at $6.190, and if the momentum continues, the price might reach the $6.500 level. However, should the retracement deepen, a bounce off the $5.750 area could serve as the next entry point for a continued bullish rally.
LEO/BTC Price Analysis
The LEOBTC chart shows a bullish outlook as the price has bounced off the bullish order block. The recent break above the 9-day SMA suggests a potential uptrend.
Key resistance levels to watch are 0.00010640 and 0.00011530, with a long-term target at 0.00013070. The Stochastic Oscillator indicates increasing momentum, supporting the upward bias.
UNUS SEO LEO (LEO) Current Statistics
The current price: $6.000
Market Capitalization: $5,570,000,000
Trading Volume: $593,890
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