LEO Draws a Volatile Crossover in the Intraday; Trades at $1.20

UNUS SED LEO—a utility token is ranked one amongst the top 20 cryptos of the market. The investors of LEO allow Bitfinex users to save money on trading fees. However, the amount of discount depends on how much LEO a customer has in their account, and accordingly, the savings on offer are spread across three tiers.

This discount token has made a breakthrough in the marketplace and is believed to be a user-friendly platform for payments. However, it was until the previous month when LEO/USD was seen drawing a straight uptrend irrespective of the market scenario. However, just when the entire market fell prey to a considerate bearish sentiment, UNUS SED LEO appears volatile against the US Dollar.

UNUS SED LEO Price Analysis

At the press time, LEO was seen trading at $1.207 after a bearish pullback in the intraday and a choppy market trend. Over the past five weeks, UNUS SED LEO has hit the highest above $1.28, just at the onset of the ongoing month, but the price trend appears moderately volatile. Over the past week, the LEO/USD price trend was close to breaching the upper band, but with a bearish pullback, the coin is back to trading within the range.

Moreover, the Bollinger Bands appear moderately widening, projecting near-term volatility against the greenback. The MACD chart draws a complete bullish crossover on a 2-hourly chart, and the MACD line crosses above the signal line. The RSI of the token after the intraday pullback is seen inclining towards the oversold region at 42.87 after a volatile trend.