Neo Price Prediction for Today, September 20 – NEO Technical Analysis
The Neo price prediction shows that NEO is moving with an uptrend at the moment, and the traders could expect an early arrival of a price rally.
Neo Prediction Statistics Data:
- Neo price now – $7.64
- Neo market cap – $538.3 million
- Neo circulating supply – 70.5 million
- Neo total supply – 1 billion
- Neo Coinmarketcap ranking – #64
Resistance levels: $9.0, $9.2, $9.4
Support levels: $6.2, $6.0, $5.8
NEO/USD is currently under the influence of bullish sentiment as the coin spikes above the 9-day and 21-day moving averages. Despite market pressure, the Neo price has consistently shown resilience in its pursuit of upward movement. However, the crypto market is grappling with volatility, and it will likely continue to do so shortly. The bullish movement in this phase is expected to be more favorable.
Neo Price Prediction: NEO Could See Further Upside
As of now, the Neo price keeps hovering at $7.64 and there is a possibility that prolonged testing of the $7.2 support level could lead to a downside break. Therefore, if NEO/USD continues to challenge this level, traders should anticipate a potential breach, with critical support levels at $6.2, $6.0, and $5.8 coming into play.
Nonetheless, the market price remains above the 9-day and 21-day moving averages, with strong bullish momentum supported by marginally positive technical indicators. Meanwhile, the resistance levels stand at $9.0, $9.2, and $9.4, while the Relative Strength Index (14) could move to cross above the 60-level, signaling an increase in bullish potential.
NEO/BTC Might Break to the Upside
In comparison to Bitcoin, NEO has been gradually ascending. The market price is poised to surpass the 9-day and 21-day moving averages, and NEO’s price action currently resides within a channel. Traders are eagerly awaiting further bullish momentum to potentially drive the market higher, with the Relative Strength Index at 14 crossing above the 50-level.
Furthermore, if the bulls manage to cross above the upper boundary of the channel, initial resistance may emerge at 3000 SAT. Beyond this point, stronger resistance levels could materialize at 3100 SAT and above. Conversely, if sellers push the market toward the lower boundary of the channel, traders should anticipate crucial support at 2500 SAT and below.
Alternatives to Neo
If buying pressure from the bulls continues, the Neo price can maintain its upward trend. Furthermore, crossing above the upper boundary of the channel could push the coin to achieve even higher price levels. Conversely, a bearish movement below both the 9-day and 21-day moving averages could halt the initial upward momentum and potentially trigger a bearish trend for the coin.
As we await further developments, it’s important to note that Wall Street Memes sets itself apart from other meme coins with its overarching mission – to disrupt the conventional financial landscape and empower everyday investors. During its presale phase, this token successfully raised an impressive sum exceeding $25 million, eagerly preparing for its official launch in the coming days. For potential investors, this presents an opportune moment to consider participation.
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