Neo price action has sustained its upward movement for the fourth consecutive trading session on the daily chart. Today, the crypto has moved up another impressive 11.24%. Consequently, it appears that this crypto may keep increasing in value.
NEO Analysis Data:
Neo value now: $11.58
NEO market cap: $809,507,774
Neo moving supply: 70,538,831
NEO Total Supply: 100,000,000
NEO Coinmarketcap ranking: #68
Major Price Levels:
Top: $11.58, $11.78, $12.00
Base: $11.28, $11.00, $10.70
Neo (NEO) Price Action Targets the $12.00 Mark
Price activity on the NEO/USD daily chart is revealing that prices in this market may keep advancing toward a higher resistance level. Here, it can be seen that a long bullish candle has appeared for this ongoing trading session. As a result, price action has poked through the Fibonacci resistance level of 23.60. At the same time, the MACD lines are now rising sharply while maintaining considerable distance between each other. Likewise, the Stochastic RSI indicator keeps moving upward in the overbought region. The lines of this indicator are currently at 90.94 and 73.51. Therefore, since the RSI is now above the 70 mark, traders may move further upwards.
Neo (NEO) Bulls Stay Largely in Control Market Activities
On the 4-hour NEO/USD market, price action has given a minor downward deflection after pushing the upper limit of the applied Bollinger Band indicator. This can be seen by the appearance of a red candlestick for this trading session. However, the massive upside gain in this market seems to be unaffected, as the trading indicators aren’t reflecting the minimal downward price deflection. The RSI indicator is still portraying an upside gain in price. Meanwhile, the MACD curves are still on their upward trajectory. Going by indicator signs, it appears that Neo is still on track toward the $12.00 mark.
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