Neo Price Prediction for Today, December 1 – NEO Technical Analysis

The Neo value prediction exhibits that the NEO value is making ready to cross above the 21-day transferring common to start the bullish motion.

Neo Prediction Statistics Knowledge:

Neo value now – $11.13
Neo market cap – $785.6 million
Neo circulating provide – 70.5 million
Neo complete provide – 100 million
Neo CoinMarketCap rating – #64

NEO/USD Market

Key Ranges:

Resistance ranges: $14.5, $15.5, $16.5

Help ranges: $7.5, $6.5, $5.5

NEO/USD is at present exchanging palms at $11.13 after touching the each day excessive at $11.21 and consolidating inside the channel. In the meantime, the value not staying above the 21-day transferring common ruins the long-term technical image of the coin. Nonetheless, the bulls must push the coin close to the channel to information in opposition to the downward strain whereas the closest help might come at $10.5, which could possibly be the each day low.

Neo Worth Prediction: What Could possibly be the Subsequent Path?

The Neo value regains again above the 9-day transferring common as a result of the motion towards the south might push the coin to the help ranges of $7.5, $6.5, and $5.5. Nonetheless, NEO/USD is buying and selling at $11.13 and nonetheless buying and selling inside the 9-day and 21-day transferring averages. On the upside, a sustained transfer towards the higher boundary of the channel might create extra energy for the bulls with the deal with transferring the market to the subsequent resistance ranges of $14.5, $15.5, and $16.5 respectively.

In the mean time, the 9-day MA stays under the 21-day MA, which signifies that the market might transfer to the draw back. Trying on the each day chart, there could also be a necessity for help to be shaped round $10 and $11 to supply tight safety which may permit the consumers to focus on stirring motion to the north.

NEO/BTC Ranges inside the Channel

In opposition to Bitcoin, the NEO value is seen following the sideways motion because the consumers hold the value inside the channel and will transfer towards the higher boundary of the channel in the event that they enhance the shopping for strain.

Nonetheless, if the bulls achieve breaking towards the higher boundary of the channel, the NEO value might hit the potential resistance degree at 3800 SAT and above. Quite the opposite, any bearish motion may carry the value to the help degree of 2100 SAT and under.

Neo Alternate options

The Neo value is at present making strides to determine a further bullish development. Nonetheless, merchants can anticipate additional optimistic actions towards the higher boundary of the channel, which may check the resistance degree at $12.0. Within the occasion of sustained bullish momentum close to the channel, there’s a probability of encountering a possible resistance degree at $12.50. In the meantime, consumers are to remain vigilant for potential developments on this upward trajectory.

Nonetheless, the Bitcoin Minetrix token has secured a formidable $4.57 million in its presale, reflecting sturdy investor confidence and indicating potential for important progress. In comparison with NEO’s $782.8 million market cap, Bitcoin Minetrix’s presale success suggests the potential of fast growth, making it an thrilling prospect for buyers in search of high-growth alternatives.

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