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The NEO/USD price has increased by 4.02% today. And, it appears that this crypto may still experience some more upside price moves. With this much movement, NEO has made it to the second spot on today’s crypto daily movers. Let’s examine this market to predict what may soon occur in it.
NEO Analysis Data:
NEO Value Now: $12.01
NEO Market Cap: $849,347,673
NEO Moving Supply: 70,538,831
NEO Total Supply: 100,000,000
NEO CoinMarketCap Ranking: #58
Major Price Levels:
Top: $12.01, $14.00, and $16.00
Base: $11.00, $10.00, and $9.00
NEO/USD Is Now Aiming at the $13 Price Level
Looking at the NEO/USD daily chart, one can see the last price candle sitting on the 21-day Exponential Moving Average (EMA) curve. Additionally, it appears that price action has already pinched through the $12 mark, as the crypto is now worth $12.01. Furthermore, the Stochastic Relative Strength Index (RSI) indicator lines are now preparing for a crossover above the 60 levels of the indicator. Meanwhile, the Average True Range indicator (ATR) line is pointing slightly sideways at 1.18. Considering the position of the EMA, ATR, and the Stochastic RSI indicator, one can assume that the price has the potential of rising further.
The Price of NEO/USD Is Steadily Rising Above the $12.00 Mark
On the NEO/USD 4-hour chart, price action can be seen rising steadily above the $12.00 mark. Also, trading indicators are showing more optimistic signs about an additional price increase in this market. The Stochastic Relative Strength Index (RSI) curves are rising toward the overbought area of the indicator. Meanwhile, the ATR (Average True Range) curve is now pointing upwards, indicating momentum gain. Therefore, it appears that price action has taken an upward direction. Consequently, NEO price action may increase to the $13.50 price mark soon.
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