LEO SED UNUS appears too weak to break the resistance of $5.400. This crypto has once tested this level, while subsequent attempt to move upwards hasn’t been able to attain that resistance. Nevertheless, we may be at the beginning of a decisive downtrend as price action has failed to break upwards from here. Be that as it may, let’s try to understand what signs we have here on this chart.
LEOS Forecast Statistics Data:
LEOs Current Price: $5.1090
LEOs Market Capitalization: $4.96 billion
LEOs Systemic Supply: 953.95 million
LEOs Overall Supply: 985.24 million
LEOs Coinmarketcap Position: #18
Important Price Levels:
Ceiling Levels: $5.1442, $5.1674, $5.2000
Floor Levels: $5.1500, $5.1090, $5.0500
SED UNUS LEO Is Bearish, Tamadoge Is the Real Game Changer
The LEO/USD trading chart revealed recently that this crypto may have begun a decisive downside correction. This can be seen as this crypto appears to have been recording losses in the past few days. Nevertheless, SED UNUS LEO appears still within reach of an upside correction, as price candles stay largely in touch with the EMA curves. Consequently, with some buying activities, price movements may rise significantly. Additionally, traders may be anticipating the support of $5.085 to execute a buy order. If this is eventually true this crypto may retrace higher price levels above $5.400 as this resistance may be eventually broken.
SED UNUS LEO Price Analysis: LEO/USD Appears to Be Gaining Some Strength Already
Looking at the LEO/USD 4-hour chart, there are signs of a gradual upside momentum gain. Although the last candle on this chart is a bearish one, the price didn’t fall to or below the low of the last trading session. This may be pointing to the fact that buyers are slowly making some impact in this market.
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Other signs include the RSI indicator. Here we can see that these Indicator curves are now in the oversold region, it has also crossed each other, and are now steadily rising upwards. This could be signifying that the bears are getting weary and that bulls are gradually gaining strength. Traders should buy now, adjust their stops to a comfortably level lower than the current price, or place an entry order a bit below the current price. This is done in anticipation that the price will rise.
Tamadoge is also securing strategic listings on centralized and decentralized exchanges as part of its roadmap. The first listing has already been secured on LBank. LBank is a centralized exchange, and the Tamadoge team is optimistic that TAMA could be paired with ETH to support the projects rapid growth as it faces improved liquidity.
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