The native cryptocurrency of iFinex, the parent business of the Bitfinex exchange, is LEO, an ERC-20 token. The business refers to it as “the utility token at the heart of the iFinex ecosystem,” also known as the UNUS SED LEO. The cryptocurrency was developed to help users of the iFinex ecosystem as well as to improve the Bitfinex community.
A cryptocurrency coin called UNUS SED LEO (LEO) runs on the Ethereum network. a utility token created to benefit the Bitfinex community and individuals looking to get the most out of the features and functionality of the Bitfinex trading platform.
The coin and its whitepaper were introduced in May 2019. Two significant iFinex events led to the creation of LEO.
The LEO token is a digital asset that is designed to make trading, borrowing, and lending easy for investors while also avoiding exorbitant costs. By always being dependable and easily accessible, it increases investors’ liquidity. LEO has satiated investors’ steadily increasing demand. It is designed to empower the user, whether they are traders or investors, by using their innate ability.
Price:
- The current Unus Sed Leo price, according to our real-time LEO to USD price update, is $3.7 USD.
- Our Unus Sed Leo price forecast indicates that LEO price will decline by -0.76% and reach its lowest point on July 8, 2023.
- According to our research of the technical indicators, the market is currently 10% bullish and 56% bearish, with a greed score of 56 on the Fear & Greed Index
- Unus Sed Leo has seen 18/30 (60%) green days and 4.99% price volatility during the past 30 days.
The current live LEO Token price is $3.66 USD with a $9.48K USD 24-hour trading volume. Our LEO pricing is correctly and continuously updated in the table above. LEO’s price is up 0.06% from the previous hour and down -6.97% from yesterday. The current market capitalization, calculated by dividing the total number of coins by the exchange rate, is $0.04 USD. LEO has a maximum supply of 985,24 M LEO and a circulating circulation of 929,90 M coins.
Technical Analysis:
Token has previously displayed bearish behavior.
In terms of the daily time period, LEO is trading above the demand zone.
2022 has been a busy year for the LEO coin thus far. LEO has risen, reaching an all-time high of $8.04 on February 8th, whereas the whole crypto market has been declining and losing value since the start of the year. But since then, the token has been on a downward trend, with bears controlling the trend.
Weekly Chart Analysis
The token managed to reach an all-time high (ATH) at this time in February when the trading price was $8.1. But following that, the price started to move in a negative direction. $3.34 was the lowest price ever noted, and it has also been shown to be a reliable support level. $6.22 proved to be a strong resistance level between February and April that hasn’t been broken yet. The cost remained largely constant, ranging from $6 to $3. Aside from a little decline in 2020, the token has largely managed to stay above its initial exchange launch price of $1.
RSI
At first, the Relative Strength Index (RSI) showed a positive momentum, but as the bears began to take control of the market, it descended below the neutral 50 line. Prior to breaking out in the other direction, the price tested a resistance level at $4.87, dragging the RSI with it below the neutral 50 line.
Our recent LEO price prediction indicates that over the next four days, the price of LEO will increase by 7.14%, hitting $ 3.67. According to our technical indicators, the present mood is bearish, as seen by the Fear & Greed Index reading of 30 (Fear). LEO has seen 12/30 (40%) green days and 3.86% price volatility over the last 30 days. Our LEO prediction indicates that this is not the ideal moment to purchase LEO.
Currently, the price of UNUS SED LEO is trading below the 200-day SMA. Since July 6, 2023, the 200-day SMA has been indicating SELL for the previous 1 day.
Since June 19, 2023, when the price of UNUS SED LEO fell below the 50-day SMA, this indicator has been indicating a SELL signal for the last 17 days.
On August 9, 2022, 332 days ago, the Bitcoin market saw its most recent Death Cross.
Our technical indicators predict that the 200-day SMA for UNUS SED LEO will increase over the coming month and reach $ 3.73 by August 6th, 2023. By August 6th, 2023, the short-term 50-Day SMA for UNUS SED LEO is anticipated to reach $3.78.
Major support: $3.33
Major resistance: $3.62 and 50 EMA on daily chart.
Predictions
Our analysis indicates that, in the short run, the average LEO Token price for September 2023 will be $3.54, and the maximum conceivable price for that month will be $3.78.
Additionally, based on our study of the long term, we forecast that the average LEO Token price in January 2024 will be $5.91, with $6.33 being the maximum potential price.
2025 Prediction: Our long-term LEO forecast indicates that 2025 might be the benchmark year, with the UNUS SED LEO expected to reach the maximum price level of $12.15 by a wide margin. On the down side, it is predicted that the LEO coin would cost no less than $9.15. LEO cryptocurrency may trade for an average price of $10.8.
Conclusion
The trend appears to be under the control of the bears. If bulls want the trend to continue in their favor, they should be able to move the token price out of the demand zone. Investors should watch for a distinct indication before acting.
