LEO Token (LEO) Price Prediction 2022 — Will LEO Hit $6 Soon?
- Bullish LEO price prediction is $4.669 to $6.468.
- LEO Token (LEO) price might also reach $6 soon.
- Bearish LEO price prediction for 2022 is $3.369.
In LEO Token (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 (LEO) Current Market Status
According to CoinGecko, the price of LEO Token (LEO) is $4.14 with a 24-hour trading volume of $1,181,717 at the time of writing. However, LEO has decreased by nearly 0.8% in the last 24 hours.
Moreover, LEO Token (LEO) has a circulating supply of 933,522,235 LEO. LEO Token (LEO) trades in cryptocurrency exchanges such as OKX, Bitfinex, Gate.io, DigiFinex, FTX and LBank.
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 (LEO) holds the 24th position on CoinGecko right now. LEO price prediction 2022 is explained below with a daily time frame.
The above chart of LEO Token (LEO) laid out a falling wedge pattern.In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. This pattern indicates a breakout in the price trend towards an upswing.
From the above chart, we can interpret that the momentum of the downtrend is slowing down.
Currently, LEO Token (LEO) is in the range of $4.140. If the pattern continues, the price of LEO might reach the resistance levels of $4.822, and $5.931. If the trend reverses, then the price of LEO may fall to $4.064.
LEO Token (LEO) Support and Resistance Levels
The chart below shows the support and resistance levels of LEO Token (LEO).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for LEO Token (LEO).
| Resistance Level 1 | $4.669 |
| Resistance Level 2 | $5.599 |
| Resistance Level 3 | $6.468 |
| Support Level 1 | $3.997 |
| Support Level 2 | $3.369 |
The charts show that LEO Token (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 $6.468.
Accordingly, if the investors turn against the crypto, the price of LEO Token (LEO) might plummet to almost $3.369, a bearish signal.
LEO Token (LEO) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of LEO Token (LEO) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of LEO lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of LEO Token (LEO) is shown in the chart above. Notably, the LEO Token (LEO) price lies below 50 MA (short-term), so it is in a downtrend. Currently, LEO has entered a bearish state. Therefore, there is a possibility of a reversal trend of LEO at any time.
Meanwhile, the relative strength index (RSI) of the LEO is 43.58. This means that LEO Token (LEO) is in an oversold state. However, this means a major price reversal of LEO may occur in the upcoming days. So, traders need to trade carefully.
LEO Token (LEO) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of LEO Token (LEO). 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 Token (LEO). Currently, the ADX of LEO lies in the range of 24.228 and thus, it indicates a weak trend.
The above chart also represents the Relative Volatility Index (RVI) of LEO Token (LEO). RVI measures the constant deviation of price changes over a period of time. The RVI of LEO lies above 50, indicating high volatility. In fact, the RSI of LEO Token (LEO) is at 43.58 thus confirming a potential buy signal.
Comparison of LEO with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and LEO Token (LEO).
From the above chart, we can interpret that the price action of LEO is similar to BTC and ETH. This indicates that when the price of BTC and ETH increases or decreases, the price of 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 $8 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 $11 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 7 years, LEO would rally to hit $14.
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 $17.
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 $20.
LEO Token (LEO) Price Prediction 2028
LEO Token (LEO) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, LEO would hit $23 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 $26 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 years and drive significant price rallies for the token. Hence, LEO Token (LEO) might hit $29 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 (LEO) in 2022 is $6.468. On the other hand, the bearish price prediction of LEO Token (LEO) for 2022 is $3.369.
Furthermore, with the advancements and upgrades to the LEO Token ecosystem, the performance of LEO would help to reach above its current all-time high (ATH) of $8.14 very soon. But, it might also reach $6 if the investors believe that LEO is a good investment in 2022.
FAQ
The LEO Token (LEO) is an utility token used in Bitfinex Exchange and other trading platforms managed by its parent company iFinex.
LEO Token (LEO) has been listed on many crypto exchanges which include OKX, Bitfinex, Gate.io, DigiFinex, FTX and LBank.
With the ongoing developments and upgrades within the LEO Token Platform, LEO has a high possibility of reaching its ATH soon.
On February 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 Token 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 $6 soon.
LEO Token (LEO) price is expected to reach $8 by 2023.
LEO Token (LEO) price is expected to reach $11 by 2024.
LEO Token (LEO) price is expected to reach $14 by 2025.
LEO Token (LEO) price is expected to reach $17 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
