The NEOUSDT market has seen further price increases today. The token’s price has risen by almost 2% as of the time of writing. Additionally, the current position and behavior of price action suggest that more upside ground may be covered.
NEO Statistics:
Current NEO Price: $10.00
NEO Market Cap: $724,516,029
Circulating Supply of NEO: 100,000,000 NEO
NEO Total Supply: 100,000,000 NEO
NEO CoinMarketCap Rank: 87
The NEOUSDT Market Recovers From a Downward Retracement
Price activity in the NEOUSDT daily market has bounced back from downward retracements that spanned two sessions. The ongoing session shows that some buying has occurred, indicated by the appearance of the latest price candle on the chart.
Additionally, the session is taking place above the middle limit of the Bollinger Bands. At the same time, the Stochastic Relative Strength Index (Stochastic RSI) lines remain above the 60 level, although showing a downward trajectory. This suggests that upside momentum still has a fighting chance and may extend the current upward retracement.
The NEO Market Stays on Track Toward Higher Ground
On the 4-hour NEOUSDT price chart, price activity remains on an upward trajectory. This chart shows that, as of the latest four-hour session, upside forces are still dominant. The latest price candle is clearly above the middle band of the Bollinger Bands indicator.
Meanwhile, the Stochastic RSI indicator has also delivered an upward crossover. Additionally, the distance between the leading lines of the indicator suggests that volatility is healthy. As a result, price action may rise quickly. Therefore, crypto signals targeting the $10.50 and $11.00 marks could be useful in this market.
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