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Neo (NEO) Prices Making Strong Recovery, Acquirer’s The Level Of $7.50  

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  • NEO prices are reflecting bullish dominance, the altcoin is making an impressive recovery.
  • However, the NEO/BTC pair is performing negatively with the loss of -0.10% bringing the level to 0.00106309.
  • Prices reached the price line of $7.50 with an impressive climb.

The NEO bulls have the strong support of $7.40, which is allowing prices to move up with and ease. There might be chances that this support level can be the key figure to acquire a major rise in the prices. If this support level won’t be able to hold the prices and provide the current momentum they might not be able to pull off this recovery at the current pace.

The prices managed to climb back and did make a recovery in today’s trading. Now prices are moving towards the level of $7.75 as if they occupy it and manages to turn it into a support level than their surge towards $8.00 will be successful, market factors are in NEO’s favor currently.

The market capitalization of NEO is $528,766,399 USD with volume traded of $388,042,721 USD and a circulating supply of 70,538,831 NEO.

Neo (NEO) Price Analysis

neo
Source:tradingview

The technical chart indicates that finally, bulls are taking back the market from the bears, the chart also indicates that current stats can be an indication for the further upsurge. NEO prices are again climbing up with strong bullish momentum as they  trying their best to achieve the price level of $8.00

The Technical indicators and oscillators are turning blue as there is a strong positive trade in the prices of the cryptocurrency.

MACD level indicates that there is an increase in the buying volume of NEO which is a positive sign for the altcoin. As after maintaining their trade-in bearish momentum, prices are finally correcting themselves.

24hr-RSI climbs up to the bullish zone from the bottom of the bearish level, currently it is trading between levels of 55 and 60.

The 24hr-CCI emerge strongly with a sharp positive divergence, it holds the potential to acquire the over buying region with this momentum.

Resistance Level: $ 7.75

Support Level: $ 7.40

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