Analysis of the crypto-currency LEO has shown that it is currently trading in a narrow range with an overall bearish trend. Technical indicators are giving bullish indications, however, and if the price gain strong buyer support, it could potentially move up to 12% of its current value. The support level for LEO is around $3.365, while the resistance levels are $3.500 and $3.800. The Relative Strength Index (RSI) line is currently at 50.40 points and below the 14 Simple Moving Average (SMA) of 48.13 points, producing a bullish divergence to indicate a strong bull movement. With the higher-high and higher-low pattern of the RSI values, the chances for the price to surge are positive. However, due to the choppy and volatile movements of the coin, investors may be discouraged to invest.

Overall, the LEO price is currently producing potential optimism with the introduction of clear direction of the trend. A bullish trend reversal could occur if the buyers support the coin and help it overcome the resistance levels. It is important to still be cautious as investing in or trading cryptocurrency comes with a risk of financial loss.



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