LEO Token (LEO) Price Prediction 2022 – Will LEO Hit $10 Soon?
- Bullish LEO price prediction is $5.567 to $7.2.
- The LEO price will also reach $10 soon.
- LEO bearish market price prediction for 2022 is $3.369.
In LEO Token’s (LEO) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about LEO to analyze the future movement of the cryptocurrency.
LEO Token Current Market Status
According to CoinGecko, the price of LEO is $5.43 with a 24-hour trading volume of $1,600,706 at the time of writing. However, LEO has increased nearly 3% in the last 24 hours.
Moreover, LEO has a circulating supply of 934,478,788 LEO. Currently, LEO trades in cryptocurrency exchanges such as OKX, FTX, DigiFinex, Gate.io, and Hotcoin Global.
What is LEO Token (LEO)?
LEO Token is a cryptocurrency that bills itself as “the utility token at the heart of the iFinex ecosystem.” It is intended for use on the Bitfinex cryptocurrency exchange to reduce trading, lending, and other exchange fees.
LEO is a token that runs on the Ethereum platform. A utility token was created to empower the Bitfinex community and provide utility to those seeking to gain the output and capabilities of the Bitfinex trading platform.
LEO Token (LEO) Price Prediction 2022
LEO Token holds the 21st position on CoinGecko right now. LEO price prediction 2022 is explained below with a daily time frame.
Horizontal channels are trendlines that connect variable pivot highs and lows to show the price contained between the upper line of resistance and lower line of support. A horizontal channel is also known as a price range or sideways trend. In a horizontal channel, buying and selling pressure is equal and the prevailing price direction is sideways. A horizontal channel or sideways trend has the appearance of a rectangle pattern. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points.
Currently, LEO is in the range of $5.42. If the pattern continues, the price of LEO might reach the resistance level of $7.229. If the trend reverses, then the price of LEO may fall to $4.740.
LEO Token (LEO) Support and Resistance Level
The below chart shows the support and resistance level of LEO.
From the above daily time frame, it is clear the following are the resistance and support levels of LEO.
- Resistance Level 1 – $5.567
- Resistance Level 2 – $6.450
- Resistance Level 3 – $7.286
- Support Level 1 – $4.643
- Support Level 2 – $3.992
- Support Level 2 – $3.369
The charts show that LEO has performed a bullish trend over the past month. If this trend continues, LEO might run along with the bulls overtaking its resistance level at $7.286.
Accordingly, if the investors turn against the crypto, the price of the LEO might plummet to almost $3.369, a bearish signal.
LEO Token Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of LEO is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of LEO lies below the cutoff line, indicating weaker participants in the current trend.
More so, the LEO’s Moving Average (MA) is shown in the chart above. Currently, LEO is in a bullish state. Notably, the LEO price lies on the 50 MA (short-term), so it is in an upward trend. Therefore, there is a possibility of a reversal trend of LEO at any time.
Meanwhile, the relative strength index (RSI) of the LEO is at level 61.85. This means that LEO is in a nearly overbought state. However, this means a major price reversal of LEO may occur in the upcoming days. So, traders need to trade carefully.
LEO Token Price Prediction 2022 — ADX, RVI
Let us now look at LEO Token’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of LEO Tokens. Currently, LEO lies in the range of 25.597, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of LEO. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of LEO lies above the 50 levels, indicating that the direction of volatility is high. In fact, LEO’s RSI is at 61.85 level thus confirming a potential buy signal.
Comparison of LEO with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and LEO Token.
From the above chart, we can identify the trend of the ETH, BTC and LEO is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and LEO also increases or decreases respectively.
LEO Token (LEO) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, LEO Token (LEO) might probably attain $17 by 2023.
LEO Token (LEO) Price Prediction 2024
With several upgrades in the network, LEO Token (LEO) might enter a bullish trajectory. If the coin grabs the attention of major investors, LEO might rally to hit $26 by 2024.
LEO Token (LEO) Price Prediction 2025
If LEO Token (LEO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, LEO would rally to hit $34.
LEO Token (LEO) Price Prediction 2026
If LEO Token (LEO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, LEO would rally to hit $50.
LEO Token (LEO) Price Prediction 2027
If LEO Token (LEO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, LEO would rally to hit $55.
LEO Token (LEO) Price Prediction 2028
If LEO Token (LEO) holds up a strong stance as a better investment option for the next 6 yeLEOs amid the trends in the highly-volatile crypto market. By driving significant price rallies, LEO would hit $62 in 2028.
LEO Token (LEO) Price Prediction 2029
If investors flock in and continue to place their bets on LEO Token (LEO), it would witness major spikes. LEO might hit $68 by 2029.
LEO Token (LEO) Price Prediction 2030
With greater advancements in the LEO Token ecosystem, the crypto community might continue to invest in LEO for the next 8 yeLEOs and drive significant price rallies for the token. Hence, LEO Token (LEO) might hit $75 by 2030.
Conclusion
With continuous improvements in the LEO Token network, we can say that 2022 is a good year for LEO. For this reason, the bullish price prediction of LEO Token in 2022 is $7.286. On the other hand, the bearish LEO price prediction for 2022 is $3.369.
Furthermore, with the advancements and upgrades to the LEO ecosystem, the performance of LEO would help to reach above its current all-time high (ATH) $8.14 very soon. But, it might also reach $10 if the investors believe that LEO is a good investment in 2022.
FAQ
The LEO Token (LEO) is a utility token used in Bitfinex Exchange and other trading platforms managed by its parent company iFinex.
LEO has listed on many crypto exchanges which include OKX, FTX, DigiFinex, Gate.io, and Hotcoin Global.
With the ongoing developments and upgrades within the LEO platform, it has a high possibility of reaching its ATH soon.
On Feb 08, 2022, LEO reached its new all-time high (ATH) of $8.14.
LEO Token (LEO) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of LEO in the past few months, LEO is considered a good investment in 2022.
LEO Token (LEO) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then LEO Token (LEO) will hit $10 soon.
LEO Token (LEO) price is expected to reach $17 by 2023.
LEO Token (LEO) price is expected to reach $26 by 2024.
LEO Token (LEO) price is expected to reach $34 by 2025.
LEO Token (LEO) price is expected to reach $50 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
