UNUS SED LEO The price managed to make gains while a significant portion of altcoins recorded losses. During that time, the total crypto market cap fell 5.40% to around $1.04 trillion, according to CoinMarketCap.
LEO token, had a remarkable performance as it managed to gain 0.57% in the last 24 hours. The recent surge from $3.57 at press time for the altcoin not only strengthened against the dollar, but managed to outperform the two market leaders, Bitcoin (BTC) and Ethereum (ETH).
LEO is up 4.47% against BTC and 5.78% against ETH. This means that 1 LEO is worth 0.0001397 BTC and 0.002039 ETH. Cryptocurrency It also traded close to a 24-hour high of $3.58, while a daily low of $3.49 was recorded.
The LEO token price has consolidated between $3.4869 and $3.6098 over the past few weeks. It was also trading below the 9-day and 20-day EMA lines and closer to 3.4869 in the last 3 days.
Altcoins Although the price did not increase much in the last 24 hours, it drew attention with its strong stand against the decreases. Price climbed above the 9-day and 20-day EMA lines in yesterday’s trading session, but failed to close the daily candle above the two technical indicators. There were several bullish technical flags appearing that were triggered recently, indicating that the price of LEO will successfully close today’s trading session above the two lines.
The 9-day EMA line was on the verge of crossing over the longer 20-day EMA. If this crossover happens, it will indicate that the price of LEO has entered a short-term bullish cycle and will continue to rise in the next 24-48 hours. Also, the daily RSI line has been bullish above the daily RSI SMA line in the past 48 hours.
You can follow the current price action here.