- NEO price is trending upward against the USDT pair.
- The conceptual round level of $10 is observed as the next resistance level.
- The MACD indicator has left the negative zone, and the histogram continues to extend higher.
During the recent bitcoin boom, the crypto market performed well for short-term investments. Thus according to the ongoing trend the price of Neo is witnessing an uptick. Meanwhile, the NEO token is trading at $7.58 against the USDT pair, as of press time.
The price action of NEO crypto shows a higher-higher and higher-low trend on the daily price chart. Buyers are aggressively accumulating the given cryptocurrency and buying on the dip. This unstoppable bullish trend is moving towards the crucial rescue zone at $10 to record a remarkable bullish rally.
Overall crypto market capitalization exceeded $970 billion as of January 14. Meanwhile, the market capitalization of NEO stands at $529.7 million with an intraday gain of 3.24%. The collapse of FTX over the past few days caused huge losses for buyers and saw them hit a 52-week low of $5.94 on December 30. Later, the cryptocurrency market is turning positive after falling below.
The $5.9 to $6.0 area has turned as a support level for the bulls. On the other hand, $9.0 appears to be an upcoming bullish hurdle before the conceptual round level of $10. Specifically, in terms of the weekly price chart, NEO is forming a double bottom formation, which could lead to an upcoming rally.
Technical Indicators Show Positive Trend
In terms of the daily price scale, the RSI indicator remains at 74, which is hovering in the overbought zone. At the same time, the ADX supports a bullish trend as its peak forms a higher-low. Additionally, the MACD indicator left the negative zone, and the histogram continued to extend higher.
សន្និដ្ឋាន
NEO coin against USDT executes buyer orders. However, buyers have placed buy orders at each financial level. As of now, the bulls will have to take the asset above the $8.0 resistance level as soon as possible.
កម្រិតគាំទ្រ - 7.0 និង 6.0 ដុល្លារ
កម្រិតធន់ទ្រាំ - $ 9.0 និង $ 10
ការមិនទទួលខុសត្រូវ
ទស្សនៈ និងគំនិតដែលសរសេរដោយអ្នកនិពន្ធ ឬមនុស្សណាម្នាក់ដែលមានឈ្មោះក្នុងអត្ថបទនេះគឺសម្រាប់តែគំនិតព័ត៌មានប៉ុណ្ណោះ ហើយពួកគេមិនបង្កើតហិរញ្ញវត្ថុ ការវិនិយោគ ឬដំបូន្មានផ្សេងទៀតទេ។ ការវិនិយោគលើ ឬជួញដូរទ្រព្យសកម្មគ្រីបតូមកជាមួយហានិភ័យនៃការបាត់បង់ហិរញ្ញវត្ថុ។
Source: https://www.thecoinrepublic.com/2023/01/14/neo-price-prediction-neo-price-surges-sharply-to-previous-highs-as-volatility-increases/