LEO Might Look to Flip One other Resistance Stage within the Subsequent 24H

• The value of LEO has risen 2.32% during the last 24 hours.
• During the last day, LEO was additionally in a position to flip $3.478 into assist.
• Technicals on LEO’s each day chart recommend that LEO’s value will proceed to rise within the subsequent 24 hours.

The value of UNUS SED LEO (LEO) elevated greater than 3% during the last 24 hours in accordance with CoinMarketCap. At press time, the altcoin’s value is up 3.42% and is buying and selling at $3.57. Along with this, LEO was additionally in a position to strengthen in opposition to the 2 crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), by 6.37% and 6.95%.

LEO’s value is at the moment buying and selling very near its 24-hour excessive of $3.58, which means that the altcoin will set a brand new each day excessive earlier than the top of at present’s buying and selling session. The 24-hour quantity for LEO has additionally elevated 2.32% during the last 24 hours – taking the whole each day buying and selling quantity to $648,303 at press time.

The value of LEO has damaged above the important thing resistance stage at round $3.478 during the last 24 hours and appeared to do the identical with the resistance stage at $3.584. Though the altcoin’s value was in a position to break above the $3.584 mark, it was unable to flip the extent into assist and has pulled again to commerce beneath the extent at press time.

Technical indicators on LEO’s each day chart recommend that the altcoin’s value has entered right into a short-term bullish cycle, with the 9-day EMA crossing bullishly above the 20-day EMA this previous Wednesday.

Moreover, the each day RSI for LEO is at the moment buying and selling above the each day RSI SMA and is sloped positively in direction of overbought territory at press time. This means that LEO’s value will rise within the subsequent 24-48 hours. Ought to LEO’s value shut at present’s buying and selling session above $3.584, then this bullish thesis might be validated and LEO will look to rise to round $3.68.

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