- UNUS SED LEO printed a 24-hour achieve of 0.57% in response to CoinMarketCap.
- The worldwide crypto market capitalization has fallen by 5.40% previously 24 hours.
- Two technical bull flags have just lately been triggered on the LEO chart, suggesting that there are extra features forward.
The value of UNUS SED LEO (LEO) was in a position to print a achieve previously 24 hours, throughout which era the vast majority of altcoins available in the market noticed vital losses. Throughout this era, the full crypto market capitalization had fallen by 5.40%, which introduced the full right down to round $1.04 trillion in response to CoinMarketCap.
LEO has been a standout performer as he was in a position to print a achieve of 0.57% within the final 24 hours. The current surge meant the altcoin was altering palms at $3.57 at press time. Not solely did it strengthen in opposition to the greenback, but it surely was additionally in a position to outperform the 2 market leaders Bitcoin (BTC) and Ethereum (ETH).
LEO rose 4.47% in opposition to BTC and 5.78% in opposition to ETH. This meant that 1 LEO was price 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 every day low was $3.49.
LEO value has been in a consolidation channel between $3.4869 and $3.6098 for the previous few weeks. Furthermore, it was buying and selling beneath the 9- and 20-day EMA strains and nearer to the $3.4869 mark for the previous 3 days.
The altcoin value had damaged above the 9- and 20-day EMA strains throughout yesterday’s buying and selling session, however was unable to shut the every day candle above each technical indicators. A number of bullish technical indicators have been triggered just lately, suggesting that LEO’s value will efficiently shut immediately’s buying and selling session above each strains.
The 9-day EMA line was about to cross the longer 20-day EMA line. Ought to this crossover happen, it might point out that the worth of LEO has entered a short-term bullish cycle and can proceed to rise within the subsequent 24-48 hours. Moreover, the every day RSI line had crossed above the every day RSI SMA line previously 48 hours.
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