LEO Stands Out From the Crowd and Prints a 24-Hour Acquire

• UNUS SED LEO printed a 24-hour achieve of 0.57% in keeping with CoinMarketCap.
• The worldwide crypto market cap dropped 5.40% over the previous 24 hours.
• Two technical bullish flags have been not too long ago triggered on LEO’s chart, suggesting there have been extra beneficial properties to return.

The value of UNUS SED LEO (LEO) was in a position to print a achieve over the previous 24 hours, which was a interval that noticed the vast majority of altcoins available in the market print important losses. Throughout this era, the whole crypto market cap had fallen 5.40%, which compelled the whole right down to round $1.04 trillion in keeping with CoinMarketCap.

LEO was a standout performer, because it was in a position to print a 0.57% achieve over the previous 24 hours. The latest improve meant that the altcoin was altering fingers at $3.57 at press time. Not solely did it strengthen in opposition to the greenback, however was additionally in a position to outperform the 2 market leaders Bitcoin (BTC) and Ethereum (ETH).

LEO was up 4.47% in opposition to BTC and 5.78% in opposition to ETH. This meant that 1 LEO was value 0.0001397 BTC and 0.002039 ETH. The crypto was additionally buying and selling nearer to its 24-hour excessive of $3.58, whereas its each day low sat at $3.49. 

LEO’s value has been in a consolidation channel between $3.4869 and $3.6098 over the previous few weeks. Moreover, it was buying and selling under the 9-day and 20-day EMA traces and nearer to the $3.4869 mark over the previous 3 days.

The altcoin’s value had damaged above the 9-day and 20-day EMA traces in yesterday’s buying and selling session, however was unable to shut the each day candle above the 2 technical indicators. There have been a number of bullish technical flags that have been not too long ago triggered which recommended that LEO’s value would efficiently shut immediately’s buying and selling session above the 2 traces.

The 9-day EMA line was on the verge of crossing above the longer 20-day EMA line. Ought to this cross occur, it can point out that LEO’s value had entered right into a short-term bullish cycle and would proceed to rise within the subsequent 24-48 hours. Moreover, the each day RSI line had crossed bullishly above the each day RSI SMA line previously 48 hours.

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