LEO Price is Trying to Break Up Consolidation Zone

Even we entered bullish season on crypto, LEO price is still in consolidation zone. I shared this zone a few weeks ago and said LEO price stuck into this zone since May 2022, Luna crash.

This zone may be good level to pick up LEO for longterm. LEO price is going up slowly and broke up the middle line of this zone. The middle line of this zone worked as a resistance. the next resistance is the top line of consolidation zone which is aroun 0.10 USD..

I shared same pattern on Hive price chart and Hive broke up this consolidation zone!

Will LEO do it?

Here you can see daily chart of LEO and Indicators. There is support line on RSI Indicator will be broken down in a few days. It means LEO price may enter price correction. If it enters, the middle line of consolidation zone may support LEO price. It is major support line.

MACD Indicator is also on tıp. If RSI Indicator breaks down, MACD Indicator may reverse and these will be supporters of price correction.

Even Hive price broke up consolidation zone, LEO is still in this area. When we look at LEO/Hive pair chart, it is on uptrend. 1 LEO is equal to 0.185 Hive now. I remember that I bought 1 LEO with 4 Hive in 2021!

LEO Ads is good supporter that flows cash in LEO ecosystem. We need more things to cash flow in ecosystem. That will be supporter of LEO price. That will kill the infilation.

We will see..

Posted Using InLeo Alpha