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NEO increases at $8.88 after a complete bullish run

NEO increases at $8.88 after a complete bullish run

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Neo’s price analysis reveals that the bulls have been in control for the past 24 hours. The market opened today at $8.56 and has been on the rise ever since, reaching a high of $10.03. Prices have since fallen slightly and were at $8.88 at press time. Support for the market is at $8.56, while resistance is at $9.95.

NEO/USD has gained over 4.71 percent in the last 24 hours and is currently trading above the $9.00 level. Bulls may push prices higher to test the $8.95 resistance. However, if the bears take control of the market, NEO/USD may fall to retest the $8.56 support level.

NEO/USD 4-hour price analysis: Price bounces to $10

4-hour Neo price analysis shows that NEO prices have been moving along an ascending support line. NEO prices are testing the ascending support line for the second time, and a breakthrough is expected. The top of the Bollinger Band is $10.95, which acts as a resistance point for NEO. In contrast, the lower Bollinger band is currently at $8.56, which acts as another support point for NEO.

Source: TradingView

The NEO price analysis reveals that the Relative Strength Index (RSI) is at 50.28, indicating a stable NEO value. Fortunately, this means that the cryptocurrency will fall into stable territory. However, the RSI path can be seen after a bullish move, indicating that the value of the cryptocurrency is rising.

The NEO/USD price appears to be crossing the moving average curve, indicating an uptrend. The market trend has recently entered an uptrend in the last couple of hours. As market volatility appears to be rising, the trend is likely to have more room to move to either extreme. It seems that the rising era may be here for a long time.

NEO Price Analysis for 1 Day: Neo price continues to rise as the price touches $9.88

The one-day Neo price analysis chart shows that the bulls have taken control of the market as they have managed to push the price up to $8.88. The coin has a 24-hour trading volume of $2,339,799,972 and a market cap of $7,012,032,618. The NEO/USD price appears to be crossing the moving average curve, indicating an uptrend. The moving average on the 1-day price chart is currently at $9.06, which is a good support level for the market.

neo 1d
Source: TradingView

NEO currently has a relative strength index (RSI) of 38.45, which is currently above overbought territory. The RSI indicator is currently on the rise, suggesting that the bulls are still in control of the market. Both Bollinger Bands for NEO are relatively close to each other, suggesting that the market is neither overbought nor oversold.

Neo price analysis conclusion: NEO is starting a bull run

Finally, Neo’s price analysis reveals that the market’s short- to medium-term outlook is bullish. Bulls and bears are expected to battle for market control in the short term, with $9.00 a key level to watch. However, in the medium term, it looks like the bulls are in control and prices will likely continue to rise as long as the $8.56 support level holds.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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