Neo Price Prediction for Today, December 1 – NEO Technical Analysis

The Neo price prediction shows that the NEO price is preparing to cross above the 21-day moving average to begin the bullish movement.

Neo Prediction Statistics Data:

• Neo price now – $11.13
• Neo market cap – $785.6 million
• Neo circulating supply – 70.5 million
• Neo total supply – 100 million
• Neo CoinMarketCap ranking – #64

NEO/USD Market

Key Levels:

Resistance levels: $14.5, $15.5, $16.5

Support levels: $7.5, $6.5, $5.5

NEO/USD is currently exchanging hands at $11.13 after touching the daily high at $11.21 and consolidating within the channel. Meanwhile, the price not staying above the 21-day moving average ruins the long-term technical picture of the coin. However, the bulls will have to push the coin near the channel to guide against the downward pressure while the closest support may come at $10.5, which could be the daily low.

Neo Price Prediction: What Could be the Next Direction?

The Neo price regains back above the 9-day moving average because the movement toward the south may push the coin to the support levels of $7.5, $6.5, and $5.5. However, NEO/USD is trading at $11.13 and still trading within the 9-day and 21-day moving averages. On the upside, a sustained move toward the upper boundary of the channel may create more strength for the bulls with the focus on moving the market to the next resistance levels of $14.5, $15.5, and $16.5 respectively.

At the moment, the 9-day MA remains below the 21-day MA, which indicates that the market may move to the downside. Looking at the daily chart, there may be a need for support to be formed around $10 and $11 to provide tight protection which could allow the buyers to concentrate on stirring action to the north.

NEO/BTC Ranges within the Channel

Against Bitcoin, the NEO price is seen following the sideways movement as the buyers keep the price within the channel and could move toward the upper boundary of the channel if they increase the buying pressure.

However, if the bulls succeed in breaking toward the upper boundary of the channel, the NEO price may hit the potential resistance level at 3800 SAT and above. On the contrary, any bearish movement could bring the price to the support level of 2100 SAT and below.

Neo Alternatives

The Neo price is currently making strides to establish an additional bullish trend. However, traders can anticipate further positive movements toward the upper boundary of the channel, which could test the resistance level at $12.0. In the event of sustained bullish momentum near the channel, there’s a likelihood of encountering a potential resistance level at $12.50. Meanwhile, buyers are to stay vigilant for potential developments in this upward trajectory.

Nevertheless, the Bitcoin Minetrix token has secured an impressive $4.57 million in its presale, reflecting strong investor confidence and indicating potential for significant growth. Compared to NEO’s $782.8 million market cap, Bitcoin Minetrix’s presale success suggests the possibility of rapid expansion, making it an exciting prospect for investors seeking high-growth opportunities.

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