- Based on CoinMarketCap, UNUS SED LEO is up 0.57% in 24 hours.
- The worldwide cryptocurrency market cap has fallen by 5.40% within the final 24 hours.
- Two technical bull flags had been just lately activated on the LEO chart, indicating extra to come back.
The worth of UNUS SED LEO (LEO) has elevated over the previous 24 hours, a interval by which most altcoins available in the market have skilled important losses. Throughout this era, the whole cryptocurrency market cap fell by 5.40%, bringing the whole right down to round $1.04 trillion, in keeping with CoinMarketCap.
LEO was the standout because it managed to print 0.57% within the final 24 hours. The current improve meant the altcoin was buying and selling at $3.57 at press time. Not solely did it strengthen in opposition to the greenback, but it surely additionally managed to outperform the 2 market leaders Bitcoin (BTC) and Ethereum (ETH).
LEO is 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 cryptocurrency was additionally buying and selling nearer to its 24-hour excessive of $3.58 and the intraday low of $3.49.
The worth of LEO has been in a consolidation channel between $3.4869 and $3.6098 over the previous few weeks. Furthermore, it has been buying and selling under the 9-day and 20-day EMA strains for the previous 3 days and is nearing the $3.4869 degree.
In yesterday’s buying and selling session, the value of the altcoin fell above the 9-day and 20-day EMA strains, however couldn’t shut the each day candle above the 2 technical indicators. A number of high-level technical flags have just lately been activated, indicating that the value of LEO will efficiently shut in the present day’s buying and selling session above the 2 strains.
The 9-day EMA was at a crossing level above the longer 20-day EMA. Ought to such a cross happen, it will point out that the LEO value has entered a short-term bullish cycle and can proceed to rise over the following 24-48 hours. Additionally, the each day RSI line has sharply crossed the each day RSI SMA line over the previous 48 hours.
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