Neo Price Prediction for Today, June 3: NEO/USD Breaks Above $10.50 Level

Updated: 21 June 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

The Neo price prediction may continue to show a bullish movement if the market could maintain the $10.50 resistance level.

Neo Prediction Statistics Data:

Neo price now – $10.47
Neo market cap – $739 million
Neo circulating supply – 70.5 million
Neo total supply – 100 million
Neo Coinmarketcap ranking – #61

NEO/USD Market

Key Levels:

Resistance levels: $13.00, $14.00, $15.00

Support levels: $8.00, $7.00, $6.00

Neo Price Prediction for Today, June 3: NEO/USD Breaks Above $10.50 Level — NEOUSD – Daily Chart

NEO/USD is showing positive movement as the market crosses above the 9-day and 21-day moving averages. Apart from this, the Neo price still needs to create additional bullish movements above the $10.50 resistance level within the channel and traders can expect the price to continue to rise as soon as this is done.

Neo Price Prediction: NEO Could Shoot Higher

The daily chart shows that the Neo price is attempting to create an additional bullish trend, and traders may expect more positive movements toward the upper boundary of the channel which could test the resistance level of $11.00. Similarly, the technical indicator Relative Strength Index (14) is hovering above the 50-level, any further bullish movement above the upper boundary of the channel may locate the potential resistance levels at $13.00, $14.00, and $15.00 in the long term.

Furthermore, if the Neo price keeps rising, traders may witness additional bullish trends in the coming trading sessions. Meanwhile, a bearish breakdown may likely play out for this market if the Neo price withdraws back below the moving averages, and this could roll the coin back to the long-term supports at $8.00, $7.00, and $6.00.

Against Bitcoin, the Neo price is about to cross above the upper boundary of the level as the coin prepares for a movement to the upside. However, if the coin touches the resistance level of 4000 SAT, the market is likely to keep releasing more bullish pressure as the technical indicator Relative Strength Index (14) remains above the 50-level, which indicates that more bullish signals are likely to play out.

On the contrary, if NEO/BTC falls and crosses below the 21-day moving average, it may bring the coin to the nearest support at 3500 SAT, and any further bearish movement could lower the price to the support level of 3300 SAT and below. Nevertheless, if the coin continues to follow a bullish movement, traders could see a bull run to the resistance level of 4400 SAT and above.

Alternatives to NEO

The Neo price is trying to create additional gains as bulls step into the market. Moreover, the coin touches a new high level of $10.74 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 However, Wall Street Memes benefits from a previously-established community spread across various social media channels, like Twitter and Instagram. This community was inspired by the GameStop saga of 2021, where individual investors challenged the big dogs on Wall Street – and won. Meanwhile, the token has raised almost $3 million in investment since its official presale launch.

Read more:

New OKX Listing - Wall Street Memes

Rating