- Bullish LEO price prediction is $5.639 to $6.416.
- The LEO price will also reach $10 soon.
- LEO bearish market price prediction for 2022 is $3.366.
In LEO Token’s (LEO) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about LEO to analyze the future movement of the cryptocurrency.
LEO Token Current Market Status
According to CoinGecko, the price of LEO is $4.59 with a 24-hour trading volume of $4,060,570 at the time of writing. However, LEO has decreased nearly 9% in the last 24 hours.
Moreover, LEO has a circulating supply of 9375,415,869 LEO. Currently, LEO trades in cryptocurrency exchanges such as OKEx, FTX, Gate.io, DigiFinex, and LBank.
What is LEO Token (LEO)?
LEO Token is a cryptocurrency that bills itself as “the utility token at the heart of the iFinex ecosystem.” It is intended for use on the Bitfinex cryptocurrency exchange to reduce trading, lending, and other exchange fees.
LEO is a token that runs on the Ethereum platform. A utility token was created to empower the Bitfinex community and provide utility to those seeking to gain the output and capabilities of the Bitfinex trading platform.
LEO Token (LEO) Price Prediction 2022
LEO Token holds the 16th position on CoinGecko right now. LEO price prediction 2022 is explained below with an hourly time frame.
A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a falling channel or channel down. The upper line is identified first, as running along with the highs and is called the trendline.
The lower line is identified as parallel to the trendline, running across the bottom. It is a bearish chart pattern defined by trendline support the series of lower lows and a diagonal resistance level connecting the lower highs.
Currently, LEO is in the range of $4.59. If the pattern continues, the price of LEO might reach the resistance level of $6.625. If the trend reverses, then the price of LEO may fall to $4.745.
LEO Token (LEO) Support and Resistance Level
The below chart shows the support and resistance level of LEO.
From the above daily time frame, it is clear the following are the resistance and support levels of LEO.
| Resistance Level 1 | $5.639 |
| Resistance Level 2 | $6.416 |
| Support Level 1 | $4.659 |
| Support Level 2 | $3.985 |
| Support Level 3 | $3.366 |
The charts show that LEO has performed a bullish trend over the past month. If this trend continues, LEO might run along with the bulls overtaking its resistance level at $6.416.
Accordingly, if the investors turn against the crypto, the price of the LEO might plummet to almost $3.366, a bearish signal.
LEO Token Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of LEO is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of LEO lies below the cutoff line, indicating weaker participants in the current trend.
More so, the LEO’s Moving Average (MA) is shown in the chart above. Currently, LEO is in a bullish state. Notably, the LEO price lies above 50 MA (short-term), so it is completely in an upward trend. Therefore, there is a possibility of a reversal trend of LEO at any time.
Meanwhile, the relative strength index (RSI) of the LEO is at level 44.33. This means that LEO is in a nearly oversold state. However, this means a major price reversal of LEO may occur in the upcoming days. So, traders need to trade carefully.
LEO Token Price Prediction 2022 — ADX, RVI
Let us now look at LEO Token’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of LEO Tokens. Currently, LEO lies in the range of 25.597, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of LEO. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of LEO lies above the 50 levels, indicating that the direction of volatility is high. In fact, LEO’s RSI is at the 44.33 level thus confirming a potential buy signal.
Comparison of LEO with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and LEO Token.
From the above chart, we can identify the trend of the ETH, BTC and LEO is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and LEO also increases or decreases respectively.
Conclusion
With continuous improvements in the LEO Token network, we can say that 2022 is a good year for LEO. For this reason, the bullish price prediction of LEO Token in 2022 is $6.416. On the other hand, the bearish LEO price prediction for 2022 is $3.366.
Furthermore, with the advancements and upgrades to the LEO ecosystem, the performance of LEO would help to reach above its current all-time high (ATH) $8.14 very soon. But, it might also reach $10 if the investors believe that LEO is a good investment in 2022.
FAQ
The LEO Token (LEO) is a utility token used in Bitfinex Exchange and other trading platforms managed by its parent company iFinex.
LEO has listed on many crypto exchanges which include OKEx, FTX, Gate.io, BTSE, and LBank.
With the ongoing developments and upgrades within the LEO platform, it has a high possibility of reaching its ATH soon.
On Feb 08, 2022, LEO reached its new all-time high (ATH) of $8.14.
LEO Token (LEO) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of LEO in the past few months, LEO is considered a good investment in 2022.
LEO Token (LEO) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then LEO Token (LEO) will hit $10 soon.
LEO Token (LEO) price is expected to reach $16 by 2023.
LEO Token (LEO) price is expected to reach $23 by 2024.
LEO Token (LEO) price is expected to reach $30 by 2025.
LEO Token (LEO) price is expected to reach $35 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Source: https://thenewscrypto.com/leo-token-leo-price-prediction