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The Neo price surged 14% in the last 24 hours to trade at $22.66 as of 00:22 a.m. EST on trading volume that rose 3% to $531 million.
NEO is up 63% in a week and the question now is whether it can reclaim its 2018 all-time high (ATH) of $198.38.
Neo Price Bulls To Sustain The Bullish Momentum
The Neo price has been on a consolidation channel since the beginning of March, with the bulls aiming to push the price over the resistance around $18.05. However, in April, the bulls seem to have won the struggle for dominance, pushing the price through a dramatic rise to $22.51.
The bulls could not sustain the uptrend, as the price retraced back to the current support at $18.50. NEO bulls have used this support to push the price further above, with the price fluctuations occurring on the boundaries of a bullish pennant pattern.
NEO is trading well above both the 50-day and 200-day Simple Moving Averages (SMAs), which is an indication that the Neo price has the potential for further price movements to the upside.
Additionally, the Relative Strength Index (RSI) trades within the oversold region at 72, indicating intense buying pressure and continued investor optimism.
Neo Price Prediction
The Neo bullish momentum seems to be strong, as the price trades within the upper boundary of the bullish pennant. Additionally, the bulls aim to use the movements of the RSI and the golden cross at $15.07 to push the price further, as they target $26.66.
Conversely, the asset is overbought, which could indicate a looming sellout as a result of traders booking profits. In this case, NEO could retrace to the critical support zone at around $18.50. Any further movement below this point could negate the bullish outlook of the price.
As the Neo price surges, other investors are piling into 5thScape, the world-first AR/VR crypto project that’s raised more than $4.8 million.
5thScape Raises Over $4.8 Million, Hurtling Towards $5 Million Target
5thScape (5SCAPE) is the latest innovation in the cryptocurrency space, aimed at revolutionizing VR gaming, movies, and education with an unparalleled experience for users.
5thScape, the cutting-edge crypto project poised to revolutionize augmented and virtual reality, offers investors an opportunity to dive into the future of immersive gaming.
With plans for innovative VR hardware and a diverse range of games, including Cage Conquest and Epic… pic.twitter.com/FaIicOGq3w
— 5th Scape (@5th_scape) March 23, 2024
The team is set to introduce adrenaline-pumping battles, precision archery, high-speed racing, and immersive sports. Several games are underway, including the MMA Cage Contest, Thrust Hunter, and Archery Master.
🔥 Unleash your fighting spirit in the electrifying world of MMA Cage Conquest! with #5scape
🎮 Get a first look at the official trailer and experience the adrenaline of virtual reality combat.
Are you ready to rise as the ultimate champion? Watch now: https://t.co/bHLiYMurCa… pic.twitter.com/K0CZkFWgws
— 5th Scape (@5th_scape) February 13, 2024
According to 99Bitcoins, a crypto channel on YouTube with over 700K subscribers, 5thScape could skyrocket by 100X after its launch.
The development team is set to launch 5thScape at $0.01, which means you can lock in gains of around 250% by the time of listing if you buy now at $0.00285.
If you think $5SCAPE is too good an opportunity to miss, join the presale on the official website here. You can use ETH, MATIC, USDT, BNB, or a bank card.
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