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The NEO price prediction shows that NEO heads to the upside as the coin faces the upper boundary of the channel.
NEO Prediction Statistics Data:
- NEO price now – $12.51
- NEO market cap – $879.7 million
- NEO circulating supply – 100 million
- NEO total supply – 100 million
- NEO Coinmarketcap ranking – #57
NEO/USD Market
Key Levels:
Resistance levels: $16, $18, $20
Support levels: $9, $7, $5
At the time of writing, NEO/USD is trying to create additional gains as bulls step into the market. The NEO price touches a new high level of $12.96 during the European session today. Meanwhile, if there is short-term selling pressure, NEO could tackle it and make a comeback at the level mentioned above.
NEO Price Prediction: NEO Prepares for More Uptrends
According to the daily chart, the NEO price experiences a slight drop below the daily high of $12.96 and any increase in selling pressure could bring the price to touch a new low at $11. However, if the buyers manage to keep the bullish momentum, the bullish movement may keep the NEO price above the 9-day and 21-day moving averages to hit the resistance levels of $16, $18, and $20 respectively.
Nevertheless, if the bulls failed to push the coin to the upside, it could experience a downswing below the lower boundary of the channel while the Relative Strength Index (14) remains above the 50-level, any bearish movement to the south could locate the supports at $9, $7, and $5.
Against Bitcoin, the NEO price heads to the north as the coin touches the daily high of 464 SAT. It may cross above the 9-day and 21-day moving averages if the bulls put in more effort. Therefore, the Relative Strength Index (14) is now seen moving to cross above the 50-level, suggesting more bullish signals.
From above, any bullish movement above the upper boundary of the channel can make the coin hit the resistance level of 9000 SAT and above but should in case the bulls fail to push the coin upward, sellers can bring it lower to the support level of 6800 SAT and below.
NEO Alternatives
At the time of writing, the Neo price is trading bullishly, and it is likely to break above the moving averages. However, NEO/USD is currently hovering at $12.51 as it prepares for the upside. Meanwhile, Love Hate Inu (LHINU) token presale is ongoing as close to $3.5 million has been raised so far. However, traders who are interested in the coin should invest before the end of the presale session. However, the more LHINU staked by a member, the more their overall voting power increases.
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