UNUS SED LEO (LEO/USD) Market Signals Bearish Momentum Amid Strong Resistance
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UNUS SED LEO Price Prediction – September 25
LEOUSD market signals bearish momentum amid strong resistance from the bullish order block. The bullish order block formed after the previous massive crash from the $5.900 supply zone.
Technical data point to a bearish outlook for LEOUSD. Weakening momentum is indicated by the MACD (Moving Average Convergence Divergence) histogram, where the signal line crosses below the MACD line and points southward. Further supporting the bearish pressure is the fact that the price is finding it difficult to maintain above the 9-day Simple Moving Average (SMA) of $5.680.
LEO/USD Market Key Levels:
Resistance levels: $5.900, $6.010, $6.190
Support levels: $5.390, $5.320, $5.100
LEO/USD – Daily Chart
The daily chart for LEO/USD reveals that the market will likely continue the ongoing bearish trend.
LEOUSD formed a lower high around $5.700 but was unable to breach the overhead resistance at $5.900. A possible reversal is indicated by a break of structure (BOS) on the chart at the $5.390 support level. Additionally, the price has repeatedly bounced off this level but has not been able to maintain a rally, indicating indecision in the market.
What is the projection for the LEOUSD market?
Given the current market structure, a projection shows LEOUSD likely heading lower. If the $5.390 level is breached, the price may descend toward $5.100, with a further decline possibly testing the $4.870 level. A retest of $5.540 could occur before the bearish move resumes.
LEO/BTC Price Analysis
The price of the LEOBTC pair has recovered from the demand zone at roughly 0.00008810 BTC, indicating a bullish reversal. As the bearish pressure lessens, the MACD is also exhibiting early indications of momentum shifting upward.
In addition, the price is getting close to the 0.00009140 BTC 9-day SMA, which it might break shortly. In the event of a successful break, LEOBTC might test the resistance levels at 0.00010640 BTC and above.
UNUS SEO LEO (LEO) Current Statistics
The current price: $5.570
Market Capitalization: $5,360,000,000
Trading Volume: $8,260,000
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