Neo (NEO) Bull’s Again Going Against The Resistance Of $9.00 With Strong Pace

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 reflecting bullish dominance, the altcoin is making an impressive and continuous upsurge.
  • The NEO/BTC pair is performing positively with the gain of 1.30% bringing the level to 0.00110497.
  • Prices crossed the price line of $8.50 with an impressive climb.

The bulls have the strong support of $8.40, 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 resistance level of $9.00.

The prices did suffer a fall but managed to climb back and did made a recovery in today’s trading. Now prices are moving towards the level of $8.70 as if they occupy it and manages to turn it into a support level than their surge towards $9.00 will be successful, as the collapsed against the current resistance level in yesterday’s trading.

The market capitalization of NEO is $604,508,933 USD with volume traded of $586,775,398 USD and a circulating supply of 70,538,831 NEO.

Neo (NEO) Price Analysis

neo1
Source:tradingview

Technical chart indicates that the bulls are continuing to establish their dominance in the market over 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 $9.00

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 selling volume of NEO which is a negative sign for altcoin but prices are again emerging strongly along with the bulls and soon can overtake this aspect

24hr-RSI climbs up to the strong bullish zone from the crucial normal 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: $ 8.70

Support Level: $ 8.40

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