- NEO price is rising with a strong uptrend momentum and NEO has gained 15.82% of its market cap in the last 24-hour period.
- The crypto asset has recovered successfully till 20 SMA and now aims to recover towards the remaining bullish hurdles of 50, 100 and 200-days DMA.
- The pair of NEO/BTC is at 0.0003954 BTC with an intraday gain of 11.83%.
NEO price is trading with a strong uptrend momentum over the daily chart. The token gathered support from the demand zone over the chart and is now in strong bullish momentum over the daily chart. NEO coin price has been bullish since the last three consecutive trading sessions. The accumulation of NEO bulls lead the token toward its recovery phase. This bullish rally of the NEO coin must last longer and recover the token towards the respectable resistance level amid the bear market. The whole cryptocurrency market is facing hard times and there are still some altcoins showing some great recovery on their own.
NEO coin price is presently CMP at $12.00 and has gained 15.70% of its market capitalization in the last 24-hour period. Trading volume has significantly increased by 184.88% in the intraday trading session. Volume exhibits the involvement of buyers in the trade for NEO coin. NEO is going through a great recovery phase as buyers are getting involved in the trade.
Volume to market cap ratio is 0.1771.
NEO coin price is trading with a strong upward momentum over the daily chart. The token is finally recovering after rigorous falling. All-time high of NEO price is situated at $141, this shows the token’s potential to gain over the daily chart. NEO investors are looking for a strong recovery of the token to witness NEO coin’s potential. Volume change can be seen above average exhibiting the strong involvement of buyers in the trade.
Support at the lower side is at $9.50 and resistance on the higher side is at $15.00.
Sustainability Issues for NEO
NEO price is trading with steady uptrend momentum over the daily chart. NEO bulls are remarkably performing and recovering the token from its own ashes. NEO resembles the phoenix bird from Greek mythology. The bird that is immortal and signifies its rebirth from its own ashes. NEO is also signalling a great recovery phase from its lowest level.
Technical indicators suggest that NEO bulls may successfully sustain at the higher level. Moreover, the Bollinger band is neutral because NEO is trading at the basis line in between the upper and lower bands.
Relative Strength Index showcases strong uptrend momentum of NEO coin. RSI is heading towards neutrality and aims for the overbought territory.
MACD exhibits bullish rally of NEO coin. The MACD line after crossing the signal line upwards results in a positive crossover.
Conclusion
NEO price is trading with a strong uptrend momentum over the daily chart. The token gathered support from the demand zone over the chart and is now in strong bullish momentum over the daily chart. NEO is also signalling a great recovery phase from its lowest level. Technical indicators suggest that NEO bulls may successfully sustain at the higher level.
Technical Levels
Support Levels: $9.50
Resistance Levels: $15.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.