NEO/USD attains bullish momentum at $11.76


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Cryptocurrencies price heatmap, Source: Coin360

Neo price analysis is showing bullish momentum at $11.76 as the price is bouncing off the support. The next resistance is seen at $12.17 and a break out of this level could lead to a rally towards $13 levels. However, the major resistance for NEO/USD lies at $14.50 and a break above this level is needed for further upside.

On the downside, support is present at $11.56 and a break below this level could see the NEO/USD pair retesting the $10.50 level. Overall, the NEO/USD pair is bullish in the near term and a break above $12.17 could lead to further upside in the price this is a bullish sign and indicates that the buyers are in control of the market. The bearish

NEO/USD 1-day price chart: Price levels up to $11.76, bulls manage to penetrate

The one-day Neo price analysis chart is indicating that the bulls have taken control of the market as they have managed to push the price up to $11.76.NEO has been one of the best performing altcoins in the last 24 hours as it surged by over 9%. The price is currently trading at $11.76 and is showing signs of further upside. The trading volume has also increased in the last 24 hours and is now at $123,564,476 while the market cap is sitting at $829,418,266.

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NEO/USD1-day price chart, Source: TradingView

The Moving Average Convergence Divergence (MACD) indicator is currently in the positive territory, indicating that the bulls are in control of the market. The Relative Strength Index (RSI) is also above the 50 level, which is another bullish sign. The Bollinger band indicator is also showing that the price is in an uptrend as it is trading well above the upper band.

NEO/USD 4-hour price chart: Neo price support is present at $11.56

Neo price analysis is currently trading in an ascending channel on the 4-hour chart. The price is currently trading at the upper end of the channel, indicating that the bulls are in control of the market. Buyers on the 4-hour chart are currently pushing the price towards the next resistance level at $12.17. Investors could enter long positions at the current level with a stop loss below $11.50.

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NEO/USD 4-hour price chart, Source: TradingView

The MACD indicator is above the zero line, indicating that the bulls are in control of the market. The RSI on the 4-hour chart is currently near the overbought levels, showing that the NEO/USD pair is overbought in the short term. The Bollinger band indicator is currently below the price, indicating that the NEO/USD pair is in an uptrend.

Neo price conclusion

To conclude, Neo price analysis, there has been a rise in today’s price as the bulls are trying to situate themselves on the price chart.NEO/USD price is now at the $11.76 level, encouraging the buyers. The bulls have been able to break through the resistance at $12.17 but they still need to push through the $13 level for any significant gains. For the bears, a close below $11.50 could see the price retesting the $10.50 level in the near term. From a technical standpoint, Neo price analysis shows that the digital asset has broken out of a descending triangle pattern, which is a bullish sign. The breakout has occurred with good volume, which is another bullish sign.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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