Neo Price Prediction: NEO Targets $10, Ready to Eclipse Past Highs

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The NEO cryptocurrency is exhibiting indications of a bullish revival, following a downward trajectory that began in February 2023.

As of 9:43 a.m. EST, NEO is trading at $7.21, representing a 3% uptick in the last 24 hours and a cumulative weekly gain of 2%.

Come and join our #NeoAPACHackathon #Singapore GAS Station!https://t.co/3woMJ6cKhp

— samwang.neo (@samwang_neo) September 1, 2023

In July, Neo and OKX joined forces to host the Neo APAC Hackathon. This collaborative effort encompasses both virtual and in-person events across six cities in the Asia-Pacific region. This initiative aims to foster the growth of blockchain technology in the region.

The partnership successfully distributed 5,000 exclusive NFTs to hackathon participants, and these NFTs have already been completely sold out.

These unique digital assets are currently accessible for trading on the OKX NFT marketplace.

NEO Price Could Rebound on Descending Triangle

NEO’s price trades within a descending channel marked by two lower lows and one lower high. The descending triangle further strengthens this downtrend.

NEO’s price found support at the $6.94 lower low of the channel, forming a double bottom pattern.

Consequently, short-term opportunities may emerge for the bulls, possibly encountering resistance at the upper boundary of the falling channel at $9.94.

Nevertheless, the formation of a descending triangle (indicated by the blue line and the upper channel line) may result in resistance along the channel’s upper trendline, potentially leading to a price decline towards the lower trendline of the falling channel at $4.04.

The Relative Strength Index (RSI) supports the idea of a bullish move.

The RSI has rebounded from the oversold mark at 30 and is currently trading at 40, indicating intense buying pressure and a move towards the neutral 50 mark.

The 50-day and 200-day moving averages are trading above the current price at $8.04 and $9.92, respectively, suggesting that bearish momentum remains predominant.

The longer-term price outlook remains bearish, primarily due to the descending triangle formation, with a crucial support level to monitor at $4.04.

Potential bullish movements should be carefully observed for possible reversals or resistance levels at $8.08 and $9.94.

With the Wall Street Memes presale phase drawing to a close, it offers an enticing option for investors looking to maximize their returns.

Jumping into this token could be a promising alternative for those seeking an alternative to NEO.

Wall Street Memes (WSM) Presale to Concludes in 21 Days.

Wall Street Memes has successfully raised over $25 million in its recent presale funding round, building trust within the community and paving the way for a significant exchange listing.

The highly anticipated tier-1 launch is set for September 27th, 21 days away, and investors eagerly await potential price surges.

The project’s success is partially due to its creative marketing strategies, including partnerships with influential figures and promotion on platforms like DEXScreener, DEXTools, CoinGecko, Cointelegraph, and other crypto price-tracking websites.

Wall Street Memes stands out with its planned launch on multiple tier-1 exchanges, highlighting its credibility and trust within the crypto community. This decision emphasizes the project’s promising prospects.

What have we become pic.twitter.com/GvKr91vXkZ

— Wall Street Memes (@wallstmemes) September 4, 2023

Investors have shown confidence in Wall Street Memes, evident through substantial investments, including a recent $1 million infusion from a single investor in mid-August.

Last Call as Presale Nears Conclusion

As the final stage of the presale ends, $WSM tokens are still available at an attractive price of $0.0337 each.

Wall Street Memes offers a remarkable 74% annual percentage yield (APY) for cryptocurrency staking, with over 270 million tokens staked.

It also supports multiple payment options, enhancing user convenience.

Are you a chad or a buffet? pic.twitter.com/JKAzdGRjbn

— Wall Street Memes (@wallstmemes) September 3, 2023

The project boasts a solid social media presence, with over 40 million monthly impressions and mentions from influential figures like Elon Musk.

WSM’s tokenomics are strategically designed to support growth, with 50% allocated to marketing, 30% to the community, and 10% each for centralized and decentralized exchange liquidity.