- LEO Token price has decreased by 1.39% in today’s market session.
- LEO Token (LEO) is ranked third in terms of total volume, as per CoinGlass.
The LEO tokens are accessible for trading on various centralized cryptocurrency exchanges. Among these, Bitfinex is a highly favoured platform for purchasing and trading LEO Tokens. Notably, the LEO/USD trading pair has exhibited considerable activity. Additionally, crypto enthusiasts may explore alternative exchange options like LBank and ProBit Global to engage in LEO Token transactions.
The LEO token coin price is moving in a downtrend momentum. The price has formed a pattern of lower lows in the weekly timeframe.
The value of LEO token currently stands at $3.77, accompanied by a 24-hour trading volume totalling $599,210.92. This reflects a recent decrease of -1.89% in price within the past 24 hours and a notable 3.13% increase over the preceding week. LEO Token’s market capitalization is estimated at $3,503,403,091, with a circulating supply of 930 million LEO Tokens.
The LEO token’s price trajectory peaked at $8.14 in February 2022. However, it has been characterized by a consistent downward trajectory since that point. By March 2023, the price had experienced a 55% decline. Fortunately, it located support at the $3.3 level, resulting in a 26% price increase. Unfortunately, this surge was short-lived, and the price continued declining.
These price fluctuations have given rise to a parallel channel within the market, with the current price positioning itself near the support level. A broader analysis on the weekly timeframe suggests an overall frail pattern, heightening the possibility of further price declines in the upcoming days.
LEO Token (LEO) Technical Analysis
LEO by writer50_tcr on TradingView.com
The continuous downtrend has led the price to dip below both the 50-day and 100-day exponential moving average (EMA) levels, delivering an adverse signal for the coin.
Moreover, the relative strength index (RSI) is presently below the 50 level, signifying the price’s positioning in a negative zone and hinting at potential further declines.
Furthermore, the moving average convergence divergence (MACD) is positioned beneath the signal line, indicating the presence of bearish pressure on the price, which may contribute to subsequent declines.
Conclusion
In conclusion, LEO Token (LEO) is moving in a downtrend. The price has shown a reversal after hitting the resistance level. The price is currently 53% below its all-time high. The indicators are also giving a weak signal. Hence, the price is expected to decline in the upcoming days.
Technical Levels·
· Support Level: $3.32
· Resistance Level: $4.
Disclaimer
The views and opinions of the author or anyone in this article are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.