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The NEO price has risen by 5% in the last 24 hours, reaching $9.41 as of 4:50 a.m. EST.
This increase in value has resulted in a weekly performance gain of 24.1%, drawing the attention of both investors and traders.
NEO has seen a trading volume of $75 million, marking a 48% surge compared to the previous day. This increase also indicates a recent uptick in market activity.
NEO Price Has Broken Above 200 Day SMA
NEO has experienced a price rebound, starting at $6.5, and a surge that pushed the price up to the $9.87 resistance level. This upward momentum has occurred after a prolonged period of consolidation and is a significant breakout, signaling a continued bullish trend.
The price rejection at $9.87 led to a temporary retreat by the bulls, allowing the bears to initiate a correction down to the $8.87 level. Nevertheless, the bulls swiftly regained control and resumed their surge.
The price rebound in NEO has not only propelled it upwards but has also led to it exceeding both the 50-day and 200-day simple moving averages (SMA). These moving averages now function as immediate support levels, further enhancing the strength of the bullish trend.
Furthermore, on the 4-hour chart, there has been a cross of the 50 SMA, affirming the potential for a bullish trend that has drawn greater buyer attention.
The relative strength index (RSI) displays an upward path as the price rebounds from below 32 to above the 50-level mark, currently resting at 73, indicating significant buying pressure in the price range of $6.45 to $9.87.
NEO Price Forecast: Bulls Eyeing $15
There’s a growing bullish sentiment surrounding NEO’s price, as both investors and traders have their sights set on a potential $15 target. Currently, the price has bounced back from the $8.42 support zone, with the 200-day moving average providing immediate support.
This upward momentum may empower the bulls to recover their losses, with additional support from the RSI and the 50-day SMA aiming to break through the $11.7 to a new high at $15.
Conversely, bearish traders might see the correction as an opportunity to limit their losses, potentially pushing the price down to the $8.42 support level.
If you missed the NEO surge, there’s an alternative opportunity with the Meme Kombat presale. It provides MK tokens at an affordable rate and allows investors to participate in the staking program.
Meme Kombat (MK) Crosses $1 Million Mark: Buy Fast
The Meme Kombat presale has garnered significant attention as the token surpasses the $1 million milestone. Investors are now rushing to acquire MK tokens as the countdown to the presale’s conclusion falls below 24 hours.
🔥 #MemeKombat UPDATE 🔥
Staged Presale = ON
▪️ NOW: 0.1667 USD
▪️ Nov 2nd: JUMPS to 0.1833 USDThe timer is set! Secure your $MK before the rise! ⏰ pic.twitter.com/LMreT8M2Ce
— Meme Kombat (@Meme_Kombat) October 23, 2023
The presale has already amassed $1,007,956.44, steadily approaching its fundraising target of $1.5 million. Each token is presently available at a rate of $0.1667. With less than 48 hours left in the current presale phase, it’s vital to take action promptly because the price is set to rise to $0.1833 in the upcoming stage on November 2, ensuring a confirmed 10% increase.
We’re upping the price for each $MK token in presale, but we have also added milestones to each stage in the raise🔥
Check our updated whitepaper for more and thank you to @BuryCrypto for the great video and mention!
Full video: https://t.co/H2Gs5Rek6D pic.twitter.com/ABAQ7Q5KQu
— Meme Kombat (@Meme_Kombat) November 1, 2023
The platform’s presale introduces automatic staking advantages and a diverse range of betting choices, all underpinned by a carefully crafted tokenomics strategy to ensure long-term viability.
Investors can participate in meme competitions by placing bets with their tokens. If the meme they choose wins, they will receive a portion of the prize pool.
Earn Passive Income with Meme Kombat: Staking, Betting
You can also choose collaborative betting, where the winnings are divided among the participants. Meme Kombat’s staking choices (S2E and P2E) provide enticing opportunities for generating passive income, featuring an impressive Annual Percentage Yield (APY) of 112% during the presale phase.
Investors can utilize $MK on the Meme Kombat Platform to secure passive income, and the platform offers automatic staking benefits during the presale, a variety of betting choices, and a well-crafted tokenomics model for sustainable growth.
This will be you after seeing my gains pic.twitter.com/9hfbJUfFgx
— Meme Kombat (@Meme_Kombat) October 31, 2023
Watch Cilinix Crypto’s YouTube video as he shares his firsthand experience with the presale with his substantial subscriber base of 34.7k. Cilinix offers valuable guidance on the purchasing process, underscoring the benefits of S2E and P2E.
To join the presale, go to the MK website, connect your Web3 wallet, and exchange either ETH or USDT on Ethereum, or BNB or USDT on Binance Smart Chain, for $MK Tokens.
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