UNUS SED LEO Continues Bullish Streak, Market Cap Rises
The price of UNUS SED LEO (LEO) is currently trading at $3.87, reflecting a 2% increase in the last 24 hours. LEO has been experiencing a strong upward trend, with four consecutive bullish sessions in the daily timeframe.
Over the past seven days, LEO has gained more than 6%, leading to a rise in its market capitalization from $3.37 billion on August 18 to the current figure of $3.58 billion. This marks a 7% increase over the last week.
LEO’s Position Among Top 20 Cryptocurrencies
According to data from CoinMarketCap, UNUS SED LEO has entered the list of the top 20 largest cryptocurrencies by market capitalization. As the price continues to climb, traders are eager to know where the LEO utility token is headed next.
Key Levels To Monitor for UNUS SED LEO
The support floor at $3.66 has acted as a launchpad for LEO’s price, propelling it 6% towards the $0.873 high reached recently. Currently, the bulls are determined to maintain the uptrend, with immediate resistance at the psychological level of $3.90.
If UNUS SED LEO closes above $3.90 on a four-hour candlestick chart, it may revisit the 123.6% Fibonacci retracement level at $2.92. Further upward movement could push the price towards $3.95 and eventually $4.0, representing a 3% increase from its current value.
Supporting Factors for LEO’s Positive Outlook
The Relative Strength Index (RSI) indicates that the LEO price is in the overbought region, with a value of 75. This suggests that the bulls are in control and there is still room for further upside before the token becomes extremely overbought.
The moving averages also support a positive outlook for UNUS SED LEO. These trend-following indicators are positioned below the price, indicating strong support on the downside. They provide opportunities for the bulls to regroup and buy more during dips, fueling another recovery.
Key areas of support include the 200-day Simple Moving Average (SMA) at $3.79, the 100-day SMA at $3.73, and the 50-day SMA at $3.70. Other levels to watch include Fibonacci retracement levels at $3.82, psychological level at $3.80, and support region at $3.76.
LEO Alternatives: Wall Street Memes (WSM)
For investors looking for promising alternatives, Wall Street Memes (WSM) is a new token aiming to challenge Dogecoin and Shiba Inu as popular meme coins. It is currently in its final presale stage and has already raised over $25 million.
Investors still have an opportunity to purchase WSM tokens for $0.0337 before they hit exchanges and potentially increase in price. The token will be listed on multiple Tier-1 centralized exchanges soon.
Analysts predict that Wall Street Memes has the potential to generate 20X returns this year.
Hot Take: Wall Street Memes Could Be the Next Big Thing
If you’re looking for an alternative cryptocurrency with significant growth potential, Wall Street Memes (WSM) could be the answer. With a strong presale performance and the aim to disrupt meme coin market leaders, WSM has already attracted considerable attention.
With the overall market sentiment becoming increasingly bullish, the launch of WSM could further drive up its price. Don’t miss out on this opportunity to potentially earn substantial returns.
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