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The Neo price rose 39% in the last 24 hours to trade at $21.29 as of 04:03 a.m. EST on trading volume that skyrocketed 690% to $1.1 billion.
This comes as NEO, the native token of the blockchain platform Neo, recorded a 40% surge in the last week to hit its highest price point within a year. The platform functions to digitize identities and assets and use smart contracts to track and transfer ownership, facilitating a smart economy.
Neo Price Bulls Set To Sustain The Bullish Stance
The Neo price has been on an upward trajectory since September of 2023, as it recovered from a double bottom, which was a significant catalyst for the push.
The push towards resistance at the $14 mark allowed NEO to form a cup and handle pattern. NEO bulls capitalized on the pattern to push the price higher, with the uptrend surpassing the psychological barrier of $20 to the $22.62 resistance level.
The ongoing rally sprouts from the 50-day Simple Moving Average (SMA), which sustains a positive alignment with the 200-day SMA. Therefore, the dynamic support lines reflect a bull run, and with the price trading above both the 50-day and 200-day SMAs, Neo could prolong the bullish rally.
The Relative Strength Index (RSI) is bouncing back, hitting 71, signaling strong buying pressure and rising investor optimism.
Neo Price Prediction
With the bullish channel breakout over the cup and handle pattern, Neo is ready to enter the blue-sky zone, with the bulls aiming to sustain the bullish stance above $29 for a trend continuation.
As per the RSI, the $22 breakout is feasible, which could lift the price to the $25 mark in the coming days. Additionally, the 50-day SMA crosses above the 200-day SMA, forming a golden cross at $8.64, showing altcoin’s upward potential.
However, with the RSI surging into overbought territory, a price correction could ensue. Neo may retrace to the $15.62 support level, in line with the 50-day SMA.
Meanwhile, many investors are also turning to $5SCAPE, the world’s first-ever VR/AR crypto token.
Unlock The Limitless Potential Of The Virtual Realm With 5thScape
5thScape (5SCAPE) is the first-ever AR/VR mixed-reality crypto platform that combines the immersive experience of virtual reality (VR) and augmented reality on one platform.
Step into new worlds of imagination. 🕹️🚀@5thScape is building a next-gen #VR and #metaverse ecosystem to redefine virtual reality.
Collect rare digital assets. The possibilities are endless!
Join the community – https://t.co/ewBcsEeltG#gaming #innovation #blockchain pic.twitter.com/hUe3cDDYnT
— 5th Scape (@5th_scape) February 11, 2024
The project aims to transform the gaming industry by combining it with blockchain technology. Indeed, the 5thScape platform is set to transform the boundaries of gaming, education, and entertainment.
In gaming it will offer diverse experiences that bring on adrenaline-pumping battles, high-speed racing, precision archery, high-speed racing, and immersive sports.
5thScape, the cutting-edge crypto project poised to revolutionize augmented and virtual reality, offers investors an opportunity to dive into the future of immersive gaming.
With plans for innovative VR hardware and a diverse range of games, including Cage Conquest and Epic… pic.twitter.com/FaIicOGq3w
— 5th Scape (@5th_scape) March 23, 2024
Some of the projects under development include the MMA Cage Contest, Thrust Hunter, and Archery Master.
Buy $5SCAPE – An Opportunity For 100X Gains
The project’s innovative features and the projected potential to reshape VR and AR have sparked significant interest in the crypto community. Currently in its fourth stage, its presale has amassed over $4.5 million.
🚀 Our presale has surged past stage 3!
🌐 Join us now and delve into a world of virtual reality with our multi-utility token.
🎉 Don't miss out on being part of our vibrant community! #cryptocrash #cryptocrash #Wormhole #cryptocurrency #5thScape #Presale #4thstage 🌟 pic.twitter.com/QeznEVAvFJ
— 5th Scape (@5th_scape) April 4, 2024
According to 99Bitcoins, a crypto YouTube channel with over 700K subscribers, 5SCAPE has the potential to skyrocket by 100X after its launch.
With the launch price set at $0.01, buying now at $0.00285 per token locks in gains of around 250% by the time of listing.
If you think $5SCAPE is too good an opportunity to miss, join the presale by swapping ETH, MATIC, USDT, or BNB for 5SCAPE tokens with a digital wallet on the official website here. You can also buy directly with a bank card.
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