NEOUSDT Sets a New Target at the $10.00 Mark

The NEOUSDT price has increased by  more than 2.76% today. However, headwind has brought it to trade at this price as of the time of writing. Despite this price action in this market maintains a positive ground concerning further price increases.

 

NEO Statistics
NEO Value Now: $9.45
NEO Market Cap: $666,733,011
NEO Circulating Supply: 70,538,831 NEO
NEO Total Supply: 100,000,000 NEO
NEO CoinMarketCap Ranking: 63

 

Major Price Levels: 
Top: $9.45, $10.00, and $10.50
Base: $9.00, $8.50, and $8.00

NEOUSDT Stays Focused on Extending Upside Price Correction

 

The NEOUSDT daily market is witnessing some price increases, which started about three sessions ago. However, today’s profit seem to be the most significant, and has given price movements in this market the chance to continue towards higher price marks.

 

The last price candle here now sits on the merged Moving Average curves. Nevertheless, this price candle shows that downward forces cannot be ignored despite the witnessed considerable profits in this market.

 

Additionally, the Relative Strength Index RSI indicator lines are still rising smoothly upwards from below the 50 mark of the indicator. This suggests that price action remains at advantage of further increases.

NEOUSDT Faces Minimal Rejection

 

Price action on the NEOUSDT 4- hour market is revealing that price action is facing rejection. This is happening after price action pushed the upper limit of the Bollinger Bands indicator. Perhaps some traders have used that mark as a take profit level in this market. Consequently, this has caused some downward correction of price in this market.

 

Despite this, price action stays favoured and may extend upside correction. This is coming from the fact that the last bearsih price candle remains outside and above the upper limit of the Bollinger Bands indicator.

 

Likewise, although the leading line of the RSI is now slightly bent towards the side, yet they are still rising into the overbougt zone. Therefore, this indicates that price action may hit the $10.00 mark should bulls stay in control.

Buy NEO on eToro