- The trading price of the UNUS SED LEO crypto has advanced by 42%.
- The LEO crypto has very low liquidity based on its market cap.
Unus Sed LEO is a utility token launched by iFinex, the parent company of Bitfinex, in May 2019, following a loss of $850 million. It is designed to boost trading on Bitfinex and iFinex platforms by offering fee discounts and other benefits. Thus, the company aims to restore confidence and bolster its financial position.
The UNUS SED LEO crypto’s trading volatility is very high at 15.15%, and its trading price has consistently advanced over the last few days. Moreover, the crypto’s all-time high price is $8.04.
Its market cap has also witnessed a decline of 3.2% in the last 24 hours, resulting in $5.503B. Moreover, the market cap ranking of the crypto is #22.
The trading volume of the UNUS SED LEO crypto has witnessed a decline of 14.3% in the last 24 hours. Its traded value is $1.262M, and the volume/market cap ratio is 0.02%.
The current circulating supply of the crypto is 926.935 million LEO, and the total supply is 985.239 million. Despite that, the maximum supply of the crypto is not disclosed, and its fully diluted market cap is $5.86B.
The fear and greed index of the crypto indicates extreme greed as per Coincodex, and the market cap dominance is 0.22%. Moreover, the supply inflation of the crypto is very low, resulting in -2.83%.
Volume Vs Market Cap
The LEO crypto’s volume is at its average while the trading price and the market cap have advanced to certain highs. The following behavior of the given data represents a strong uptrend and dominance of buying sentiment in the market.
Despite this, the volume of the crypto has not shown any significant change over time, indicating a lack of reliability in its price.
LEO Crypto Technical Analysis
The LEO crypto hit its all-time high (ATH) price about two years ago. Its trading price has witnessed a consistent decline after touching the ATH. The trading price has lost its value by 58% since then.
The LEO crypto price started to sustain at the lower levels and slowly advanced to higher levels. That led to the formation of the rising wedge pattern. The price further broke above the pattern a few days ago, leading to a solid surge.
Since the breakout, the crypto’s price has advanced by 40% and is currently approaching a crucial resistance. If the price breaks above the following level, a further surge might be possible.
LEO/USD Chart by TradingView.com
The current price of the LEO crypto is trading 20% above the 50-day EMA. The 50-day and 200-day EMAs are also following a golden crossover on the chart. This scenario represents a strong uptrend in crypto and a higher probability of further advance in the trading price.
The MACD indicator is strongly bullish on the daily chart as the MACD line is trading at a level of 0.4516, and the signal line is trading at 0.4350. The histograms are also bullish on the chart, indicating further bullishness.
The RSI for the LEO crypto has advanced to overbought zones and is currently trading at a level of 85.7. It also has advanced above the 14-day SMA, indicating a strong uptrend.
Summary
The UNUS SED LEO crypto experiences a robust surge of 42%, with high trading volatility. Despite a recent decline in market cap, its price is near an all-time high. The technical analysis shows a breakout from a rising wedge pattern, suggesting further upward momentum. The MACD and RSI indicators signal strong bullish sentiment.
Technical Levels:
- Support levels: $3.350 and $4.250
- Resistance levels: $8.140 and $10.00
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.