LEO Token (LEO) Price Prediction 2022 – Will LEO Hit $10 Soon?

LEO Token (LEO) Price Prediction 2022 - Will LEO Hit $10 Soon?
  • Bullish LEO  price prediction is $5.567 to $7.286.
  • LEO Token (LEO) price might also reach $10 soon.
  • Bearish LEO   price prediction for 2022 is $3.992.

In LEO Token (LEO) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about LEO  to analyze the future movement of the cryptocurrency. 

LEO Token (LEO) Current Market Status

According to CoinGecko, the price of LEO Token (LEO) is $ 2.13  with a 24-hour trading volume of $84,600,332  at the time of writing. However, LEO  has increased by nearly 0.1% in the last 24 hours.

Moreover, LEO Token (LEO) has a circulating supply of 300,700,561  LEO . LEO Token (LEO) trades in cryptocurrency exchanges such as L Bank, OKX, DigiFinex, FTX and Bitfinex.

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 (LEO) holds the 19th position on CoinGecko right now. LEO  price prediction 2022 is explained below with a daily time frame.

LEO/USDT Horizontal Channel Pattern (Source: Tradingview)

The above chart of LEO Token (LEO) laid out a Horizontal channel pattern, also known as sideways trend. In order to indicate how the price is constrained between the upper line of resistance and lower line of support, horizontal channels are trend lines that join changeable price highs and lows.

Currently, LEO Token (LEO) is in the range of $5.369. If the pattern continues, the price of LEO   might reach the resistance levels of $5.382, $6.097 and $7.229. If the trend reverses, then the price of LEO  may fall to $4.740.

LEO Token (LEO) Support and Resistance Levels

The chart below shows the support and resistance levels of LEO Token (LEO).

LEO/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for LEO Token (LEO). 

Resistance Level 1$5.567
Resistance Level 2 $6.450
Resistance Level 3$7.286
Support Level   1 $4.643
Support Level   2$3.992
LEO/USDT Support and Resistance Level

The charts show that LEO Token (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 $7.286.

Accordingly, if the investors turn against the crypto, the price of LEO Token (LEO)  might plummet to almost $3.992 , a bearish signal.

LEO Token (LEO) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of LEO Token (LEO) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of LEO  lies below the line , indicating  weak participants in the current trend.

LEO/USDT RVOL, MA, RSI (Source: TradingView)

Also, the Moving Average (MA) of LEO Token (LEO) is shown in the chart above. Notably,  the LEO Token (LEO) price lies above 50 MA (short-term), so it is in an uptrend. Currently, LEO  has entered a bullish state. Therefore, there is a possibility of a reversal trend of LEO  at any time.

Meanwhile, the relative strength index (RSI) of the LEO  is 51.21 This means that LEO Token (LEO) is in an overbought state. However, this means a major price reversal of LEO  may occur in the upcoming days. So, traders need to trade carefully. 

LEO Token (LEO) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of LEO Token (LEO). 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.

LEO/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of LEO Token (LEO). Currently, the ADX of LEO  lies in the range of 33.992 and thus, it indicates a strong trend. 

The above chart also represents the Relative Volatility Index (RVI) of LEO Token (LEO). RVI measures the constant deviation of price changes over a period of time. The RVI of LEO  lies below  50, indicating high volatility. In fact, the RSI of LEO Token (LEO) is at 51.21 thus confirming a potential sell signal.

Comparison of LEO  with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  LEO Token (LEO).

BTC Vs ETH Vs LEO Price Comparison (Source: TradingView)

From the above chart, we can interpret that the price action of LEO  is dissimilar to BTC and  ETH. This indicates that when  the price of BTC and   ETH  increases, the price of LEO  decreases. When the price of  BTC and ETH decreases, the price of LEO increases.

LEO Token (LEO) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  LEO Token (LEO) might probably attain $15 by 2023.

LEO Token (LEO) Price Prediction 2024

With several upgrades in the network, LEO Token (LEO) might enter a bullish trajectory. If the coin grabs the attention of major investors, LEO  might rally to hit $20 by 2024. 

LEO Token (LEO) Price Prediction 2025

If LEO Token (LEO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 7 years, LEO  would rally to hit $25.

LEO Token (LEO) Price Prediction 2026

If LEO Token (LEO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, LEO  would rally to hit $30.

LEO Token (LEO) Price Prediction 2027

If LEO Token (LEO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, LEO  would rally to hit $35. 

LEO Token (LEO) Price Prediction 2028

LEO Token (LEO) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, LEO  would hit $40 in 2028.

LEO Token (LEO) Price Prediction 2029

If investors flock in and continue to place their bets on LEO Token (LEO), it would witness major spikes. LEO  might hit $45 by 2029.

LEO Token (LEO) Price Prediction 2030

With greater advancements in the Basic Attention TokenEcosystem, the crypto community might continue to invest in LEO  for the next 8 years and drive significant price rallies for the token. Hence, LEO Token (LEO) might hit $50 by 2030.

Conclusion

With continuous improvements in the LEO TokenNetwork, we can say that 2022 is a good year for LEO . For this reason, the bullish price prediction of LEO Token (LEO) in 2022 is $7.286. On the other hand,  the bearish price prediction of LEO Token (LEO) price prediction for 2022 is $3.992.

Furthermore, with the advancements and upgrades to the Basic Attention Token ecosystem, the performance of LEO  would help to reach above its current all-time high (ATH) of $8.14 very soon. But, it might also reach $10 if the investors believe that LEO  is a good investment in 2022.

FAQ

1. What is LEO Token (LEO)?

The LEO Token (LEO) is a utility token used in Bitfinex Exchange and other trading platforms managed by its parent company iFinex.

2. Where can you purchase LEO Token (LEO)?

LEO Token (LEO) has been listed on many crypto exchanges which include L Bank, OKX, DigiFinex, FTX and Bitfinex.

3. Will LEO Token (LEO) reach a new ATH soon?

With the ongoing developments and upgrades within the LEO platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of LEO Token (LEO)?

On Feb 08, 2022, LEO reached its new all-time high (ATH) of  $8.14.

5. Is LEO Token (LEO) a good investment in 2022?

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.

6. Can LEO Token (LEO) reach $10?

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.

7. What will be LEO Token (LEO) price by 2023?

LEO Token (LEO) price is expected to reach $15 by 2023.

8. What will be LEO Token (LEO) price by 2024?

LEO Token (LEO) price is expected to reach $20 by 2024.

9. What will be LEO Token (LEO) price by 2025?

LEO Token (LEO) price is expected to reach $25 by 2025.

10. What will be LEO Token (LEO) price by 2026

LEO Token (LEO) price is expected to reach $30 by 2026.

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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