Is LEO forming a Support Level or a Resistance Wall ?

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leo_chart_20250509.png

LEO price has pulled back a bit since my last blog 2 weeks ago.
https://peakd.com/hive-167922/@fjworld/leo-token-up-a-bit-from-3-month-low

As mentioned before, I have been trading and accumulating from my pepEntropy account and transferring to my personal account. I now have 1,000 tokens staked and ready to engage some more to see what level of earnings I can generate from my LEO related activities.

leo_holding_20250509.png

Based on the price boost 2 weeks ago, I had anticipated the possibility of a 20% price increase but that has not happened. The price of Hive did move up a bit, from around 0.23 to 0.26 and the US$ is still under pressure when compared to other major currencies. However, these factors were not significant in moving the price of a LEO token.

Previous Forecast

I suspect some trading will happen below 0.067 and I am not certain that we will be trading near 0.08 in the next 7 days.

We did see some trading near 0.062 with no strong indication to trade above 0.08 and I am not surprised.

Next Week

I am not seeing strong indication of upward movement in price nor much pressure for the price to decline rapidly but there could be some trickle down in price movement. So its a hold as per trading and thus time to focus more on earning from engagement.

That's it for now, so wishing you all the best.

May Positive pepEntropy be with you.

leofinance tribes pimp lolz pepe meme bbh pob bro spi
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5 comments
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It has been fairly stable for the last month, but I think it will drop a bit in the next few weeks.

!ALIVE
!DOOK

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You just got DOOKed!
@edgerik thinks your content is the shit.
They have 1/10 DOOK left to drop today.
dook_logo
Learn all about this shit in the toilet paper! 💩

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That's a good assessment. !LOLZ

We need some major news backed with strong buy orders at least 20% higher than the current price to start thinking about being a safe long term investment.

!PIMP
!PIZZA

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