LEO Coin experienced a strong downtrend throughout the session, marked by successive downside breakouts and persistent selling pressure. The price continuously broke lower after forming a range and marking a session high around $0.00031. Each minor consolidation or range formation broke to the downside, culminating in a session low near $0.00020. Even brief recoveries were quickly reversed, highlighting clear bearish dominance. Although a late-session Golden Cross supported a small upside, the overall structure remained firmly bearish. LEO’s price behavior reflected a strong trend day, favoring sellers across all timeframes. Let’s take a look at the LEO price analysis to see how strong the downtrend is.
LEO Price Analysis for April 29, 2025
LEO formed a range that marked the high for the day at $0.00031. The range broke out to the downside at 06:20 UTC, supported by a Death Cross of MACD. LEO formed a narrow range, which again broke out to the downside at 11:45 UTC, supported by MACD. In the meantime, at 11:50 UTC, RSI dropped below 30, indicating oversold market conditions and suggesting a reversal or a pullback. LEO again formed a range, which broke out to the downside at 16:35 UTC, supported by a Death Cross of MACD.
Price spiked to the downside and formed a downward-moving channel, a traditional pattern for a strong trend. The channel broke to the downside at 20:30 UTC, supported by a Death Cross, and marked the day’s low at $0.00020. The LEO price formed a small range at its low, which broke out to the upside at 22:05 UTC, supported by a Golden Cross of MACD. Price moved from the range strongly to the upside. LEO is currently showing strong downward momentum, with every downside LEO breakout succeeding and any attempt at an upside breakout failing.
Consolidation Breakout or Bearish Reversal to New Lows?
The value of RSI moved above 70 as the LEO coin broke out from the range on the previous day. The RSI suggests a reversal or at least a pullback. For now, LEO price is consolidating inside a range. If the range breaks out to the upside, LEO could reach $0.00031. If the range breaks out to the downside, the price could reach $0.00020 and mark another low. The price could drop further, as yesterday showed strong downward momentum. Traders and investors should be cautious before placing any trades.
LEO Faces Critical Test After Strong Selloff
LEO is consolidating after a heavy selloff, hovering between key support at $0.00020 and resistance near $0.00031. If the current range breaks to the upside, a short-term recovery toward $0.00031 could unfold. However, if the downside LEO breakout continues, new lows below $0.00020 are likely. RSI readings suggest a potential reversal, but strong downward momentum from the previous session demands caution. Traders should avoid chasing moves without confirmation, as the prevailing bias remains bearish. Watch for clear breakout signals supported by MACD and RSI before considering new positions, as LEO’s price structure still favors downside risks.
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