Ethereum has also not been left out as the price is currently down 18.15% from its value at the beginning of the year.The correction has taken ETH below key support levels and the current bearish sentiment in the market may push ETH down further. The next U. S. PCE inflation rate and options expiration are the events that traders are focusing on. ETH could be headed to lower support levels in the next few days if the bearish trend persists.
UNUS SED LEO Market Sentiment and Price Movement
Currently, LEO is trading at $5.78, which proves its stability. The bulls have managed to hold key support levels and the asset is trading above the 20-day Exponential Moving Average (EMA), which points to the bulls’ dominance. The Aroon indicator is also bullish with the Aroon up at 92.86% and the Aroon down is at 14.29% which shows that LEO is in an upward trend.
From the 1-day , LEO is trading above the key EMAs, which suggests that the token is bullish in the short term. The MACD indicator also points to the continuation of the upward movement as the MACD line goes above the signal line. The Relative Strength Index (RSI) is at 47. 43, which means that the market sentiment is neutral, meaning that it is not overbought or oversold at the moment.
