- UNUS SED LEO price is trading with downtrend momentum towards the lower trendline of the consolidation phase.
- LEO token has fallen below 20, 50, 100, and 200-days Daily Moving Average.
- The pair of LEO/BTC is at 0.0002357 BTC with an intraday drop of 3.12%.
The daily pricing data makes it abundantly evident that UNUS SED LEO is getting less expensive. The token’s price peaked on February 8 at $8.17 before continuing to drop. The currency is obviously moving lower and determined to break free of the consolidation, even if it is now trading near the lower trendline. Bulls need to hold the area’s outer border, which is represented by a horizontal range, in order for investors in LEO to buy. The LEO coin price appears to be quite committed to exiting the consolidation stage. If LEO wishes to follow the top trendline of the consolidation phase, it must expand its client base. In LEO, changing money has always cost between $4.70 and $6.05.
After falling from its biggest peak, which occurred at the beginning of the year 2022 at $8.13, LEO Coin has been stabilizing in a horizontal range-bound region. The cost of the cryptocurrency has been fluctuating between $4.70 and $6.00. For the LEO coin price to move through the consolidation phase, more buyers are required. Investors should monitor the daily chart for any trends that shift.
On the daily chart, the price of LEO Coin has been trending in the same direction since June 24. Since then, the token has been waiting in a state of readiness. The below-average volume movement on the chart indicates that fewer traders are active. The LEO cryptocurrency needs more buyers in order to go past the consolidation stage. Meanwhile, the LEO token has fallen below the 20, 50, 100, and 200-day Daily Moving Average.
LEO Approaching Lower Trendline, Breakdown?
The LEO currency attempted to reach overbought status on August 31 and tested the 73 RSI level before reversing due to short selling. The token sank to its current level during the subsequent intraday trading session, signaling a strong bearish reaction. The LEO coin’s RSI, which forecasts neutrality, is at 44. Investors need to keep an eye on the chart for any changes in trends. MACD exhibits the downtrend momentum of the LEO coin. The MACD line is below the signal line after a negative crossover.
Conclusion
The daily pricing data makes it abundantly evident that UNUS SED LEO is getting less expensive. The token’s price peaked on February 8 at $8.17 before continuing to drop. The currency is obviously moving lower and determined to break free of the consolidation, even if it is now trading near the lower trendline. Bulls need to hold the area’s outer border, which is represented by a horizontal range, in order for investors in LEO to buy. The LEO coin price appears to be quite committed to exiting the consolidation stage. The LEO cryptocurrency needs more buyers in order to go past the consolidation stage. The LEO currency attempted to reach overbought status on August 31 and tested the 73 RSI level before reversing due to short selling. MACD exhibits the downtrend momentum of LEO coin.
Technical Levels
Support Level: $4.90 and $4.70
Resistance Level: $5.30 and $6.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.