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9 months ago
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ARTICLE AD BOX
- Bullish LEO price prediction for 2024 is $4.982 to $5.902.
- UNUS SED LEO (LEO) price might reach $10 soon.
- Bearish LEO price prediction for 2024 is $3.626.
In this UNUS SED LEO (LEO) price prediction 2024, 2025-2030, we will analyze the price patterns of LEO by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
UNUS SED LEO (LEO) PRICE PREDICTION 2024 |
|
| UNUS SED LEO (LEO) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
UNUS SED LEO (LEO) Current Market Status
| Current Price | $4.82 | 24 – Hour Price Change | 0.91% High |
| 24 – Hour Trading Volume | $1,411,440 |
| Market Cap | />$4,487,849,145 |
| Circulating Supply | 927,208,593 LEO | All – Time High | $8.04 ( On Feb 08, 2022) |
| All – Time Low | $0.8036 (On Dec 25, 2019) |
What is UNUS SED LEO (LEO)
| TICKER | LEO |
| BLOCKCHAIN | Ethereum Blockchain |
| CATEGORY | Exchange Utility |
| LAUNCHED ON | May 2019 |
| UTILITIES | Governance, security, gas fees & rewards |
UNUS SED LEO (LEO) is the native utility token of the Bitfinex cryptocurrency exchange. Launched in May 2019 by iFinex Inc., the parent company of Bitfinex, LEO serves various purposes within the platform. Holders of LEO may enjoy reduced trading fees on the Bitfinex exchange, participate in token buybacks, and access other premium features. Bitfinex initiated a token buyback program, committing to using a portion of its gross revenue to repurchase and burn LEO tokens until half of the initial supply is retired. This mechanism is designed to create scarcity and potentially increase the value of the LEO token over time. As of my last knowledge update in January 2022, users can find the latest information on LEO’s utility and Bitfinex’s initiatives on their official platform.
UNUS SED LEO 24H Technicals
(Source: TradingView)
UNUS SED LEO (LEO) Price Prediction 2024
UNUS SED LEO (LEO) ranks 27th on CoinMarketCap in terms of its market capitalization. The overview of the UNUS SED LEO price prediction for 2024 is explained below with a daily time frame.
LEO/USDT Descending Channel Pattern (Source: TradingView)
In the above chart, UNUS SED LEO (LEO) laid out the descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.
Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.
At the time of analysis, the price of UNUS SED LEO (LEO) was recorded at $4.82. If the pattern trend continues, then the price of LEO might reach the resistance level of $4.940, $6.367, and $9.480. If the trend reverses, then the price of LEO may fall to the support of $3.297.
UNUS SED LEO (LEO) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of UNUS SED LEO (LEO) in 2024.
LEO/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of UNUS SED LEO (LEO) for 2024.
| Resistance Level 1 | $4.982 |
| Resistance Level 2 | $5.902 |
| Support Level 1 | $4.205 |
| Support Level 2 | $3.626 |
LEO Resistance & Support Levels
UNUS SED LEO (LEO) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of UNUS SED LEO (LEO) are shown in the chart below.
LEO/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current UNUS SED LEO (LEO) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $4.169Price = $4.825(50MA < Price) | Bullish/ Uptrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 73.577 <30 = Oversold 50-70 = Neutral>70 = Overbought | Overbought |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
UNUS SED LEO (LEO) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of UNUS SED LEO (LEO) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
LEO/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of UNUS SED LEO (LEO).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 52.763 | Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 55.02 <50 = Low >50 = High | High volatility |
Comparison of LEO with BTC, ETH
Let us now compare the price movements of UNUS SED LEO (LEO) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs LEO Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of LEO is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of LEO also increases or decreases respectively.
UNUS SED LEO (LEO) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of UNUS SED LEO (LEO) between 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| UNUS SED LEO (LEO) Price Prediction 2025 | $12 | $3.5 |
| UNUS SED LEO (LEO) Price Prediction 2026 | $14 | $3 |
| UNUS SED LEO (LEO) Price Prediction 2027 | $16 | $2.5 |
| UNUS SED LEO (LEO) Price Prediction 2028 | $18 | $2 |
| UNUS SED LEO (LEO) Price Prediction 2029 | $20 | $1.5 |
| UNUS SED LEO (LEO) Price Prediction 2030 | $22 | $1 |
Conclusion
If UNUS SED LEO (LEO) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish UNUS SED LEO (LEO) price prediction for 2024 is $5.902. Comparatively, if unfavorable sentiment is triggered, the bearish UNUS SED LEO (LEO) price prediction for 2024 is $3.626
If the market momentum and investors’ sentiment positively elevate, then UNUS SED LEO (LEO) might hit $10. Furthermore, with future upgrades and advancements in the UNUS SED LEO ecosystem, LEO might surpass its current all-time high (ATH) of $8.04 and mark its new ATH.
FAQ
1. What is UNUS SED LEO (LEO)?
UNUS SED LEO (LEO) is the native utility token of the Bitfinex cryptocurrency exchange. Launched in May 2019 by iFinex Inc., the parent company of Bitfinex, LEO serves various purposes within the platform.
2. Where can you purchase UNUS SED LEO (LEO)?
UNUS SED LEO (LEO) has been listed on many crypto exchanges, including Binance, OKX, Bybit, Blofin, and Bitrue.
3. Will UNUS SED LEO (LEO) reach a new ATH soon?
With the ongoing developments and upgrades within the UNUS SED LEO Platform, LEO has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of UNUS SED LEO (LEO)?
On Feb 08, 2022, LEO reached its new all-time high (ATH) of $8.04.
5. What is the lowest price of UNUS SED LEO (LEO)?
According to CoinMarketCap, LEO hit its all-time low (ATL) of $0.8036 on Dec 25, 2019.
6. Will UNUS SED LEO (LEO) reach $10?
If UNUS SED LEO (LEO) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $10 soon.
7. What will be UNUS SED LEO (LEO) price by 2025?
UNUS SED LEO (LEO) price is expected to reach $12 by 2025.
8. What will be UNUS SED LEO (LEO) price by 2026?
UNUS SED LEO (LEO) price is expected to reach $14 by 2026.
9. What will be UNUS SED LEO (LEO) price by 2027?
UNUS SED LEO (LEO) price is expected to reach $16 by 2027.
10. What will be UNUS SED LEO (LEO) price by 2028?
UNUS SED LEO (LEO) price is expected to reach $18 by 2028.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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