UNUS SED LEO cryptocurrency has been on an uptrend since the end of June despite the bearish outlook of the market. The cryptocurrency has increased by 8% in the past seven days. At the time of writing, LEO coin stands at a price level of $3.13. The price has increased by 6% in the past twenty-four hours while the daily trading volume has declined by 35%. LEO coin is the twenty-eight largest cryptocurrency in the market.
LEO coin technical analysis
The market sentiment for the cryptocurrency is bullish given its uptrend. Out of the total twenty-six technical indicators, sixteen are giving out an indication of buy with five indicators standing at a neutral position and five at a sell position. The oscillators are bearish with a sell signal while the moving averages are suggesting a strong uptrend.
LEO coin has observed phenomenal growth in the year 2021. The cryptocurrency started off the year with a price level of $1.3 and established its all-time high at $3.9 during the peak of the 2021 bull run. The market corrections after the bull run proved to be fatal for LEO coin as well; however, the cryptocurrency still did not reach its pre-bull run price levels. The current bullish trend of the market may be indicative of a strong bull wave. Per a trader’s analysis, the price level of $3.01 has been established as strong support by UNUS SED LEO. The immediate resistance level lies at the ATH price of $3.9. If the bullish momentum persists, LEO coin can reach towards breaking the ATH level.
UNUS SED LEO price prediction
The utility token used across the iFinex ecosystem is predicted to have a bright future. As the rate of return on the utility token depends on how much LEO is being held by the user, it incentivizes holding and; hence, causes a price increase. According to Wallet investor, LEO coin is estimated to have a price of $4.45 in a year’s time while the five-year projection lies at $10.40. Digital Coin Pricepredicts a similar future trajectory for the cryptocurrency with a price of $4.53 by the end of 2021 and $11.16 by 2026.