UNUS SED LEO (LEO/USD) Market Shows Strong Bullish Momentum Despite Retracement
Estimated Reading Time: 3 minutes
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
UNUS SED LEO Price Prediction – February 5
UNUS SED LEO market shows strong bullish momentum despite retracement. A bearish correction is currently looming, however, the overall trend of LEOUSD remains bullish.
The technical indicators on the daily chart suggest a continued bullish bias for LEOUSD. The 9-day Simple Moving Average (SMA) is providing dynamic support, currently at $9.770, which aligns closely with the price. Additionally, the Relative Strength Index (RSI) stands at 61.61, indicating moderate bullish momentum without being overbought. The RSI’s positioning above 50 further supports the potential for upward price movement.
LEO/USD Market Key Levels:
Resistance levels: $9.620, $10.710, $11.500
Support levels: $9.000, $7.940, $6.500
LEOUSD – Daily Chart
The daily chart for LEO/USD shows that the market is still maintaining its bullish order flow.
Analyzing price action, LEOUSD remains in a bullish structure despite a notable retracement. The price is consolidating above a key support zone of $9.620, marked by an order block. A previous breakout above $9.000 signalled strong demand. Resistance levels are evident at $10.710 and $11.500, where sellers may temporarily stall further bullish progress.
What Is the Projection for LEOUSD Market?
What Is the Projection for LEOUSD Market?The projection for LEOUSD anticipates a minor retracement into the bullish order block above $9.000 support. If the order block holds, buyers could target the $10.710 resistance, with a potential breakout leading to $11.500. Failure to hold above the minor trendline is expected to result in a decline in the bullish order block, which serves as critical support for maintaining the bullish outlook.
LEO/BTC Price Analysis
LEOBTC is maintaining a bullish structure, forming higher lows along a rising trendline. The price has broken above the 9-day SMA, which acts as immediate support at 0.00009760.
Resistance is seen at 0.00010600, with further upside potential towards 0.00011530 if momentum persists. The RSI at 56.23 suggests moderate bullish strength, leaving room for further gains.
UNUS SEO LEO (LEO) Current Statistics
The current price: $9.790
Market Capitalization: $9,110,000,000
Trading Volume: $711,650
Place winning LEO trades with us. Get LEO here
