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During the European session today, the Neo price prediction begins a progressive movement as the price increases slightly.
Neo Prediction Statistics Data:
- Neo price now – $12.8
- Neo market cap – $912.9 million
- Neo circulating supply – 70.5 million
- Neo total supply – 100 million
- Neo CoinMarketCap ranking – #68
NEO/USD Market
Key Levels:
Resistance levels: $17.0, $19.0, $21.0
Support levels: $8.50, $7.50, $6.50
NEO/USD price is seen hovering above the 9-day and 21-day moving averages. The $11.9 support level is the critical support where the price touched today. Meanwhile, the Neo price has earlier trades around this level before making an upward movement and this makes the support level a strong support zone.
Neo Price Prediction: Neo Could Move to the Upside
The Neo price is likely to rise more if the bulls can defend the $11.9 level; the coin may continue its upward movement by breaking above the upper boundary of the channel after keeping the price above the moving averages. Therefore, any further bullish movement may take the coin to the potential resistance levels of $17.0, $19.0, and $21.0.
However, as revealed by the daily chart, the current prediction may be invalidated should the bears break below the moving averages, and the Neo price may fall to the low of $8.50, $7.50, and $6.50 support levels. Moreover, the 9-day MA remains above the 21-day MA; suggesting more bullish movements.
NEO/BTC Keeps Ranging
Against Bitcoin, the Neo price is currently trading above the 9-day and 21-day moving averages. However, the red line of the 9-day moving average may likely make a bullish cross above the green line of the 21-day moving average to touch the nearest resistance of 3500 SAT.
Therefore, if the buyers could push the price toward the upper boundary of the channel, higher resistance lies at 3800 and above. Moreover, should the bulls fail to move it upward, then, the nearest support level could be located at 2200 SAT and below. Moreover, the 9-day MA may need to cross above the 21-day MA, which indicates that buyers may dominate the market.
Alternatives to Neo
The current Neo price is actively working to solidify an extended bullish trend. Meanwhile, traders can expect continued positive momentum, potentially reaching the upper boundary of the channel to test the resistance level at $15. However, buyers should remain vigilant for any potential developments in this upward trajectory.
Nonetheless, Bitcoin Minetrix is achieving an impressive presale figure of nearly $5.3 million, indicating strong investor confidence and suggesting the potential for substantial growth. In comparison to Neo’s $912 million market capitalization, the success of Bitcoin Minetrix’s presale implies the possibility of rapid expansion, presenting an exciting prospect for investors seeking high-growth opportunities.
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