Is Leo Price Entering In the Bullish Zone?

LEO price prediction is bullish on the daily technical chart. The price action indicates a surge from its dynamic support. Technicals are also giving a solid buy signal. However, if buying volume increases, it might touch the new highs in the upcoming days. 

LEO crypto was trading at $4.14600000 at press time with an intraday loss of almost 0.38% with a 24-hour trading volume of $1.37 Million. The current market capitalization of the crypto is $3.85 Billion and has a total circulating supply of 927.51 Million Leo.

Leo’s performance is decent this year as the crypto gave a nominal return of 3.95% year to date. Over the last year, it has given returns of 23.12%, and it gained almost 4.38% in the last 6 months. In the past 3 months, it grew by almost 2.43%, and this week the price grew by 1.43%.

According to the technical summary on TradingView, out of 26 indicators, 4 are on the sell side, 7 are on the neutral side and 15 are on the buy side. The technicals are showcasing solid bullishness.

LEO Investors avoid the fear of missing out. Scarcity is created in the crypto market to gain more investors and creditors. It is better to keep it at arm’s length as this may result in one of the emerging reasons for market volatility.

Technical Evaluation of LEO 1-Day Technical Chart

The MACD line at 0.03525738 and the signal line at 0.02590888 are above the zero line. A bullish crossover and green bars were noticed in the MACD indicator which signals more bearishness for the Leo crypto price.

The current value of RSI is 58.49 points. The 14 SMA is above the median line at 57.69 points, indicating that LEO crypto is bearish.

The supertrend indicator further showed a bullish momentum. Since then, the price of crypto has consistently advanced to higher levels. At the time of publishing, LEO crypto (USD: Leo) is trading below the 50 and 200-day daily moving averages (DMAs), which are supporting the price trend.

Summary

LEO (USD: Leo) technicals and price action support the mild bullish trend. The MACD, RSI, and EMAs are emphasizing bullish signals and suggest that the bullish trend may resume in the Leo crypto price. LEO could touch a new high if it gets enough bullish support.

Technical Levels

Support Levels: $ 3.95 and $3.88

Resistance Levels: $4.20 and $5.00.

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 own research before making any financial decisions.

With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.