Neo (NEO) Bullish Trend Emerges In Prices : Will it Continue to Rise?

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Ayush Malviyahttps://www.thecoinrepublic.com/
Ayush Malviya has recently joined as a technical market reporter for Thecoinrepublic- the Leading cryptocurrency news site. He believes that there is a broad scope in Crypto market and blockchain. Thats why he loves to gather knowledge about it and like to analyse the market pattern.
  • NEO prices are signaling for bullish dominance, rings bell for a further rise in the prices.
  • However, the NEO/BTC pair is performing negatively with the loss of -2.25% bringing the level to 0.00104077.
  • Prices manage to break the crucial resistance level of $6.40, soon will be testing new ones.

The bulls have strong support of $5.50, which allowing NEO

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prices to push furthermore. There might be chances that this support level can be the key figure to acquire bullish momentum NEO is seeking as till now it’s performing very well and there is a significant rise in the prices.

The NEO prices managed to break the crucial resistance level of .$6.40 as today the hit the highest at $7.14. NEO Prices did try to break this crucial resistance level before many times failed miserably but today the manage to break it down and climb cub. There can be the chances that now altcoin will witness a heavy bullish dominance.

The market capitalization of NEO is $482,842,337USD with volume traded of $633,417,803 USD and the circulating supply of 70,538,831 NEO.

neo

The technical chart indicates that finally, bulls are the commanding figure of the market as there is gradual up-trend in the prices.

NEO prices are finally coming out of the bearish zone as are trying to accomplish the  resistance level of $ 8.0

MACD level indicates that there is a heavy increase in buying volume which is a positive sign for NEO. As there is a significant rise in the buying volume.

However, 24hr-RSI is at the top of the bearish region, as there was a sharp positive divergence in the RSI level.

The 24hr-CCI is having a good time, currently, it is in the overbuying region but is started a downward moment towards the normal region.

Resistance Level $ 7.50 and $8.00
Support Level $ 5.50 and $6.0

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