LEO Price is Trying To Escape From Consolidation Zone
LEO Price is in consolidation zone since May 2022. After Luna crash, LEO price went down to 0,03-0,08 USD level and it is being traded between this zone. After Bitcoin reached all time high, LEO price attacked the top line of this consolidation zone which is great resistance. LEO price is trying to escape from this consolidation zone. This is important resistance to enter bullish trend.
It may be good level to pick up LEO. Hive price is also undervalued. If Hive price enters mega bullish trend, it will also support LEO price.
LEO/Hive pair also pumped 1,5x in a few days.
When we look at the indicators of daily LEO price chart, we may see price correction. MACD Indicator reversed from the top as July 2023. It may be hard to break up great resistance when indicators are in this situation.
Even LEO price is stuck into this zone, LEO/Hive pair chart seems very bullish. Maybe, LEO price needs to wait Hive price run.
I think Hive price will support LEO Price for bullish. LEO is also one of major dapp on Hive Blockchain and always support Hive.
I hope we will see double bull run.
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