UNUS SED LEO Price Prediction 2021 – Will LEO Hit $5 Soon?

UNUS SED LEO Price Prediction 2021 - Will LEO Hit $5 Soon?
  • Bullish LEO price prediction ranges from $2.94 to $3.94.
  • The LEO price might also reach $5.
  • LEO bearish market price prediction for 2021 is $2.35.

In LEO price prediction 2021, we use statistics, price patterns, ADX, and much other information about LEO to analyze the future movement of the cryptocurrency. 

UNUS SED LEO, a cryptocurrency which 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 which runs on the Ethereum platform. A utility token created to empower the Bitfinex community and provide utility to those seeking to gain the output and capabilities of the Bitfinex trading platform.

Current Market Status of UNUS SED LEO (LEO)

According to Coingecko, the price of LEO is $2.87 with a 24-hour trading volume of $2,622,869 at the time of writing. However, LEO dropped to 1.56% in the last 24 hours.

Moreover, LEO has a circulating supply of 953,954,130 LEO. Currently, LEO trades in cryptocurrency exchanges such as Gate.io, FTX, OKEx, BTSE and Omgfin. 

UNUS SED LEO (LEO) Price Prediction 2021

UNUS SED LEO (LEO) holds the 37th position on CoinGecko right now. LEO price prediction 2021 explained below with a daily time frame.

LEO/USDT ADX (Source:TradingView)

The descending triangle is most commonly seen during downtrends and is often interpreted as a bearish signal. The ascending triangle pattern is reversed in the descending triangle pattern.

As the price continues to make lower highs, descending triangles indicate to investors and traders that sellers are more aggressive than buyers. When the price breaks out of the triangle in the direction of the overall trend, the pattern is complete.

Contrary to popular belief, a descending triangle can be bullish or bearish. A regular descending triangle pattern is traditionally regarded as a bearish chart pattern. A descending triangle pattern, on the other hand, can be bullish.

Currently, LEO has broken out of the trendline and is waving at $2.93. After this, LEO may continue to rise representing a bullish signal. If the trend reverses, then the price of LEO may fall to $2.49.

UNUS SED LEO (LEO) Support and Resistance Level

The below chart shows the support and resistance level of UNUS SED LEO (LEO).

LEO/USDT Support and Resistance Level (Source: Trading view)

From the above chart, it is observed that the following are the resistance and support level of LEO.

  • Resistance Level 1 – $2.94
  • Resistance Level 2 – $3.33
  • Resistance Level 3 – $3.94
  • Support Level 1 – $2.35
  • Support Level 2 – $2.05
  • Support Level 3 – $1.80

The chart depicts the bearish performance of LEO over the previous month. However, this trendline has broken out and will reach resistance level at $3.33 soon. On the contrary, if the trend reversed then LEO might fall to $2.35 presenting a bearish signal.

UNUS SED LED (LEO) Average Directional Index (ADX)

Let us now look at LEO’s Average Directional Index (ADX). In particular, the ADX assists traders in determining the strength of a trend rather than its direction. It can also be used to determine whether the market is changing or if a new trend is beginning. It is, however, linked to the Directional Movement Index (DMI).

Moreover, the oscillator has a range of 0 to 100. In addition, a high value represents a strong trend, while a low value represents a weak trend. Furthermore, it is frequently combined with directional indicators.

LEO/USDT ADX (Source:TradingView)

The above chart represents the ADX of LEO with the range at 19.16, so it indicates a weak trend.

Conclusion

The LEO is one of the cryptos which is great for long-term investment. In addition, LEO represents a bullish signal rising towards the breakout. So, it has a good chance of reaching $3.90 this year. However, this will only happen if many previous psychological barriers are broken.

Furthermore, with the advancements and upgrades on the LEO ecosystem, the performance of LEO would rise reaching $3.90 very soon. But, it might also reach $5 if the investors believe that LEO is a good investment in 2021.

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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