NEO Price $30 This Month With Buyers Dominating $17 Retest
The post NEO Price $30 This Month With Buyers Dominating $17 Retest appeared first on Coinpedia Fintech News
As the selling pressure stress reduces over the market, many altcoins are resurfacing into the top-performers list. Amongst them, the NEO price showcases strong potential to surge in the coming days.
With an ongoing bull run, the NEO token is overcoming the shortfall during the minor correction phase. With this, the chances of another surge increase dramatically for the altcoin. Will this lead to a new jump to $30? Find out now, in Coinpedia’s Neo Price Prediction.
With an almost 40% hike in the last 30 days, the NEO price trend shows a bull run in motion. However, the volatile market brings hiccups into the altcoin price chart, reflecting sharp moves on either side recently.
Nevertheless, the 50D EMA helps sustain the bullish trend and avoids a drop under the crucial support of $17. With a huge bullish candle and lower price rejection, the NEO token jumped by 6.76% last night.
Currently, the altcoin price trades at $18.67 with an intraday move of 0.67%, forming a long-range Doji candle. Further, the trading volume has increased by 150% in the last 24 hours, bolstering a bullish reversal possibility.
Technical Indicators:
EMA: The dynamic support from the 50D EMA and the 200D EMA on a positive track reflects a strong uptrend in motion.
Will The NEO Price Cross $21?
As per the trend-based Fibonacci levels, the NEO price showcases a successful post-breakout retest of $17 or the 100% Fib level. With this, the lower price rejection candles bolster the uptrend likelihood for the altcoin.
If the bull run manages to gain momentum and surpass $21, then the buyers aim to reach the $28 mark. Optimistically, with an additional boost from market recovery, the altcoin price could land beyond the $30 barrier.
Filed under: Bitcoin - @ April 19, 2024 10:06 am