The United States Dollar is a fiat currency. It has been in use since the US was founded and it is accepted worldwide. In this article, we will be predicting when LEO will reach $5, which would be its all-time high.
The mana price prediction april 2021 is a cryptocurrency that has been on the market since 2014. The coin has seen a significant increase in value, and the price of LEO is predicted to hit $5 soon.
- The range of bullish LEO price predictions is $2.94 to $3.94.
- The LEO price may potentially go up to $5.
- $2.35 is the bearish market price forecast for LEO in 2021.
We utilize data, price trends, ADX, and other information about LEO to evaluate the cryptocurrency’s future movement in LEO price forecast 2021.
The cryptocurrency UNUS SED LEO advertises itself as “the utility token at the core of the iFinex ecosystem.” It’s designed to cut down on trading, lending, and other exchange costs on the Bitfinex bitcoin exchange.
LEO is a cryptocurrency based on the Ethereum platform. A utility token designed to empower the Bitfinex community and offer benefit to individuals wanting to get access to the Bitfinex trading platform’s output and capabilities.
UNUS SED LEO’s Current Market Situation (LEO)
At the time of writing, the price of LEO was $2.87, with a 24-hour trading volume of $2,622,869, according to Coingecko. In the past 24 hours, however, LEO has fallen to 1.56 percent.
Furthermore, there are 953,954,130 LEO in circulation. LEO is currently traded on Gate.io, FTX, OKEx, BTSE, and Omgfin, among other cryptocurrency exchanges.
Price Prediction for UNUS SED LEO (LEO) in 2021
UNUS SED LEO (LEO) is currently ranked 37th on CoinGecko. The price of LEO in 2021 is forecasted using a daily time period, as shown below.
ADX LEO/USDT (Source:TradingView)
During downtrends, the descending triangle is most frequently observed and is generally taken as a negative indicator. In the descending triangle pattern, the rising triangle pattern is reversed.
Descending triangles signal to investors and traders that selling are more aggressive than buyers as the market continues to reach lower highs. The pattern is complete when the price breaks out of the triangle in the direction of the general trend.
A descending triangle may be bullish or negative, contrary to common perception. A regular descending triangle pattern is considered a bearish chart pattern in the past. On the other side, a descending triangle pattern may be bullish.
LEO is now trading at $2.93, having broken out of the trendline. Following that, LEO may continue to climb, indicating a bullish indication. If the trend continues, LEO’s price may drop to $2.49.
Support and Resistance Levels of UNUS SED LEO (LEO)
The chart below depicts the UNUS SED LEO’s support and resistance levels (LEO).
Support and Resistance Levels for LEO/USDT (Source: Trading view)
According to the aforementioned chart, the resistance and support levels for LEO are as follows.
- $2.94 for Level 1 Resistance
- $3.33 – Level 2 Resistance
- $3.94 for Level 3 Resistance
- Level 1 Support – $2.35
- Level 2 Support – $2.05
- $1.80 for Level 3 Support
LEO’s negative performance during the preceding month is shown in the chart. This trendline, however, has broken out and will shortly hit resistance around $3.33. If the trend were to reverse, LEO might fall below $2.35, indicating a bearish indication.
Average Directional Index UNUS SED LED (LEO) (ADX)
Let’s take a look at the Average Directional Index for LEO (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is forming. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
ADX LEO/USDT (Source:TradingView)
The ADX of LEO is shown here, with the range at 19.16, indicating a modest trend.
LEO is a cryptocurrency that is ideal for long-term investment. Furthermore, LEO is a bullish indicator that is increasing towards the breakthrough. As a result, there’s a high possibility it’ll hit $3.90 this year. This, however, will only happen if a number of prior psychological obstacles are overcome.
Furthermore, with the advances and updates to the LEO ecosystem, LEO’s performance is expected to increase to $3.90 in the near future. However, if investors think LEO is a solid investment in 2021, it might hit $5.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
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