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UNUS SED LEO (LEO) continues its downtrend from its all-time high of $5.26, experiencing a decline to approximately $3 during the summer.
Recently, LEO has stabilized and garnered support at the $3.50 level.
As of 7:30 a.m. EST, LEO is trading at $3.87, indicating a 0.23% drop over the past 24 hours.
LEO Descending Triangle Signals Bearish Momentum
The bulls have been grappling with the bears in the LEO price, resulting in a tug-of-war.
Nonetheless, the $3.62 support level has served as an anchor for the bulls, enabling them to regroup and propel the price higher to the upper boundary of the descending triangle.
However, the recent surge in LEO is a short-term phenomenon as bears prepare to drive prices down in confirmation of the descending triangle, which indicates a bearish trend continuation.
The upper boundary of the wedge is crucial. Moreover, the price is below the 200-day moving average, signaling that the bears maintain a firm grip on LEO’s price.
The crossover of the 50-day moving average supports the short-term bullish outlook. Additionally, the 50 SMA immediately supports LEO’s price, reinforcing the short-term bullish sentiment.
The relative strength index (RSI) confirms the bullish perspective as it hovers at 59, signifying LEO’s neutrality. If the bullish sentiment persists, the RSI could surge into the overbought region, reaching 70.
In light of this analysis, LEO is poised for a short-term bearish downswing that could propel it to the $3.23 mark.
However, if the price springs above the 200-day moving average, the bulls might push the price up to $4.2.
Meanwhile, the BTCBSC token is gaining momentum as it approaches its target soft cap. The presale price mirrors Bitcoin’s price in 2011 at $0.99, offering the potential for high returns.
BTCBSC Presale Selling Out Rapidly Buy Fast
Bitcoin BSC rides on the BNB Smart Chain with a crypto token focused on sustainability and security.
The project presale has the potential for explosive returns for investors, featuring a presale rate of $0.99 per token, reminiscent of Bitcoin’s 2011 price.
The project aims to replicate the investment boom experienced by Bitcoin during that period and attract those who might have missed out on the initial explosion.
BTCBSC has already achieved a significant milestone by raising over $4 million out of its $6.023 million soft cap target, demonstrating its widespread adoption in the crypto space.
https://twitter.com/Bitcoinbsctoken/status/1705140304951562491?s=20
The presale for BTCBSC has already raised $4,341,959.82 in funds, equivalent to Bitcoin’s circulating supply during its early days.
Earn Passive Income, Rewards through Staking
Furthermore, Bitcoin BSC enables users to earn passive income through its staking program.
Like Bitcoin, which generates new blocks every 10 minutes, Bitcoin BSC rewards users in the stake pool with BTCBSC coins within the same timeframe.
https://twitter.com/Bitcoinbsctoken/status/1704858178314191035?s=20
According to its tokenomics, the project has set aside approximately 14,455,000 tokens as rewards for staking.
Staking earnings depend on users’ shares in the staking pool and the available APY, which exceeds the industry’s conventional value.
Approximately 2,196,226 1,800,091 BTCBSC tokens are staked, offering an impressive annual percentage yield (APY) of 120%.
Bitcoin BSC has introduced a real-time staking dashboard to monitor token holders, ensuring transparency in the process.
Additionally, the project has undergone thorough, smart contract audits and guarantees locked liquidity upon listing on the Uniswap DEX.
Staking presents a potentially profitable opportunity for passive income within the crypto ecosystem.
When the presale concludes, an additional 420,000 tokens (2%) will be set aside for future release on decentralized exchanges.
BTCBSC tokens are available at just $0.99 per token, with 6.125 million tokens available.
To participate in the presale, connect your wallet to the BTCBSC website and use BNB, ETH, or USDT to acquire tokens.
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