UNUS SED LEO is a utility token that’s used across the iFinex ecosystem. The unusual name is based on a Latin citation from one of Aesop’s fables. UNUS SED LEO was founded by iFinex after Crypto Capital, the company that processed its payments, saw part of its funds seized by the government. IFinex is the parent company of Bitfinex, which warned that it may not be possible to recover these funds. To cover the financial shortfall, it decided to launch the LEO <a href="https://www.cryptoknowmics.com/news/leo-technical-analysis-price-breaks-the-support-level-2-64-next-support-level-at-2-55/">token</a>.

Let us look at the technical analysis of LEO.
<h2><b>Past Performance</b></h2>
The LEO was trading seven days (on 15 October 2021) ago at $2.68. The price is on an uptrend since then, and it closed yesterday at $3.19. The week witnessed an overall change of 19% in the price.

<img class="tv-snapshot-image" src="https://s3.tradingview.com/snapshots/a/ap1CDTiL.png" alt="TradingView Chart" />

Source: <a href="https://www.tradingview.com/x/ap1CDTiL/">https://www.tradingview.com/x/ap1CDTiL/</a>
<h2><b>LEO Technical Analysis</b></h2>
The price chart took crucial support at $2.62 on 15 October to start an uptrend. It faced some resistance in between, but the uptrend is still continuing. Currently, LEO is trading at $3.28 which is 2.7% higher than the previous day’s close.

<strong>OBV</strong> is showing a strong uptrend, which means that the selling pressure is being dominated by the buying pressure. This is a strong bullish signal. The traders may take a long position here.

<strong>RSI</strong> is currently at 68.56%. It is also on an uptrend, indicating a strong bullish signal. The LEO traders may take a long position. However, as the RSI is approaching the overbought region, a trend reversal may also be seen.

<strong>MACD</strong> is confirming the last week’s bull run. Both the lines have moved from the negative region to the positive region. The gap between them is also increasing. This is also a storing bullish signal, meaning that the traders may take a long position.
<h2><b>Day-Ahead and Tomorrow</b></h2>
The LEO price chart changed the trend at the <strong>Fibonacci pivot point</strong> at $2.63. The next fib target is at $3.55.

Thus, the indicators are more on the bullish side and the traders may take a long position. The target can be kept at $3.5 and stop-loss can be placed at $3.19

LEO Technical Analysis: Price On an Uptrend Since October 15, Closed Yesterday at $3.19

LEO price chart changed the trend at the Fibonacci pivot point at $2.63. The next fib target is at $3.55.Thus, the indicators are more on the bullish side and the traders may take a long position. The target can be kept at $3.5 and stoploss can be placed at $3.19

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

LEO Technical Analysis: Price On an Uptrend Since October 15, Closed Yesterday at $3.19

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