Even Crypto Market skyrocketed, Even Hive broke up great resistance, LEO price could not nreak up great resistance and still stuck into consodilation zone. LEO price has been in thsi zone since May 2022. This is 20th month of LEO price stucked into this zone.
Here you can see daily chart of LEO. LEO tested 2 times to break up this resistance before. LEO price touched great resistance a few days ago and went down quickly. It is very hard to break up great resistances..
LEO price mostly seemed the bottom of this zone. I hope we will see LEO price at the top this zone even it can not break up..
When we will look at the indicators, price correction was coming soon. Fisher Indicators showed us price correction. It was overbought level and needed to reverse and It happened.
MACD Indicator is close to reverse from the top. It may take a time for correction. We saw this scenario in last year.
I think LEO price will break up this great resistance in altcoin season. Even we are bullish trend, we are not in altcoin season.
We need to wait to see cashflow to altcoins.
I hope we will see…