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Neo price prediction shows that NEO price is preparing to break above the 21-day moving average to start a bullish move.
Neo prediction statistical data:
- Current Neo price – $11.13
- Neo market cap – $785.6 million
- Neo Circulating Supply – 70.5 million
- Neo total supply – 100 million
- Neo CoinMarketCap Ranking – #64
NEO/USD Market
Main level:
Resistance levels: $14.5, $15.5, $16.5
Support levels: $7.5, $6.5, $5.5
NEO/USD is currently trading at $11.13 after reaching a daily high of $11.21 and consolidating within the channel. Meanwhile, if the price does not stay above the 21-day moving average, the long-term technical situation of the coin is ruined. However, the bulls will have to push the coin near the channel to counter the downward pressure, with the nearest support coming at the daily low of $10.5.
Neo Price Prediction: What’s Next?
NEO price recovers back above its 9-day moving average as a southward move could push the coin towards support levels of $7.5, $6.5, and $5.5. However, NEO/USD is trading at $11.13 and is still trading within the 9- and 21-day moving averages. On the positive side, a continued move towards the upper border of the channel could give the bulls more power as they focus on moving the market towards the next resistance levels of $14.5, $15.5, and $16.5 respectively.
The 9-day moving average is currently below the 21-day moving average, indicating that the market may move to the downside. Looking at the daily chart, support may need to form around $10 and $11 to provide close protection for buyers to focus on provocative action to the north.
NEO/BTC range within the channel
Compared to Bitcoin, the price of NEO appears to follow a sideways movement as buyers can keep the price within the channel and move towards the upper boundary of the channel as they increase their buying pressure.
However, if the bulls succeed in breaking the upper boundary of the channel, NEO price could reach potential resistance levels above 3800 SAT. Conversely, a bearish move could push the price down to support levels below 2100 SAT.
neo alternative
Neo price is currently making progress to establish an additional bullish trend. However, traders can expect further positive movement towards the upper boundary of the channel, which could test the $12.0 resistance level. If the bullish momentum continues near the channel, it is likely to face a potential resistance level at $12.50. Meanwhile, buyers should remain alert to potential developments on this upward trajectory.
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