UNUS SED LEO (LEO) Price Prediction: Is LEO on Track for a 20% Boost?

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UNUS SED LEO is trading at $3.87, up 2% over the last 24 hours. LEO price appears strong as it trades in a fourth straight bullish session in the daily timeframe, with the buyers determined to maximize their profits.

With more than 6% gains over the last seven days, UNUS SED LEO’s market capitalization has jumped from $3.37 billion on August 18 to the current figure of $3.58 billion. This marks a 7% increase over the last week.

UNUS SED LEO Market Cap 1M Chart

LEO_1M_graph_coinmarketcap — **Source**: CoinMarketCap

The upward trajectory in LEO’s market value has earned it a spot among the 20 largest cryptocurrencies by market capitalization, according to data from CoinMarketCap. As the price continues to scale higher, traders are left wondering where the price of the LEO utility token is headed next.

Key Levels To Watch As UNUS SED LEO Trades Above $3.87

The $3.66 support floor provided the LEO price with a launchpad that propelled it 6% toward the $0.873 high reached earlier today. At the time of writing, the bulls appeared elated to continue the uptrend, with the $3.90 psychological level acting as immediate resistance.

A four-hour candlestick close above $3.90 would see UNUS SED LEO climb to revisit the 123.6% Fibonacci retracement level at $2.92. If the bulls can sustain the higher levels, they may push the price toward $3.95 and later to $4.0. This would represent a 3% uptick from the current price.

LEO/USD Daily Chart

UNUS SED LEO Price Chart 0 Sep 21 — TradingView Chart: LEO/USD

Supporting this upward outlook was the position of the Relative Strength Index (RSI) in the overbought region. The price strength at 75 suggested that the bulls fully controlled the LEO price. It also implied that there was still more room for the upside before the token was extremely overbought.

The upward-facing moving averages also supported the positive narrative for UNUS SED LEO. Note that these trend-following chart overlay indicators were moving below the price, indicating that the price is firmly supported on the downside. These provide breathing zones where the bulls can regroup and buy more on the dip before initiating another recovery.

As mentioned above, key areas to watch on the downside were where the moving averages sat. These were demand ones defined by 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 were the 78.6% Fibonacci retracement level at $3.82, the 3.80 psychological level, and the $3.76 support region embraced by the 61.8% and 50% retracement levels, respectively.

There were also the 38.2% and 23.6% extension levels at $3.74 and $3.71, which could provide a haven for the LEO price in case things turn out badly.

As market participants wait to see whether UNUS SED LEO will continue its recovery streak, they could look into promising alternatives with the potential to make good returns in 2023. One such crypto is Wall Street Memes (WSM).

LEO Alternatives

Wall Street Memes (WSM), is a new token in presale that aims to unseat Dogecoin and Shiba Inu as two of the most popular meme coins.

It is currently in the last stage of the presale and has already amassed more than $25 million. The good news is that interested investors still have an opportunity to buy the $WSM token for $0.0337 before it hits the exchanges and the price increases. This can be done using ETH, USDT, or BNB.

The token will be listed on multiple Tier-1 centralized exchanges and announced soon. Given that the market is becoming strongly bullish, there is a chance that $WSM’s price will head up as soon as the token goes live.

Many analysts believe this new coin can potentially make 20X returns this year.