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

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

Neo Prediction Statistics Information:

Neo worth 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

Assist ranges: $7.5, $6.5, $5.5

NEO/USD is presently exchanging palms at $11.13 after touching the each day excessive at $11.21 and consolidating throughout the channel. In the meantime, the worth not staying above the 21-day shifting common ruins the long-term technical image of the coin. Nonetheless, the bulls should push the coin close to the channel to information towards the downward stress whereas the closest help might come at $10.5, which might be the each day low.

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

The Neo worth regains again above the 9-day shifting 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 throughout the 9-day and 21-day shifting averages. On the upside, a sustained transfer towards the higher boundary of the channel might create extra energy for the bulls with the give attention to shifting 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 beneath 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 fashioned round $10 and $11 to offer tight safety which may enable the patrons to focus on stirring motion to the north.

NEO/BTC Ranges throughout the Channel

In opposition to Bitcoin, the NEO worth is seen following the sideways motion because the patrons hold the worth throughout the channel and will transfer towards the higher boundary of the channel in the event that they enhance the shopping for stress.

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

Neo Alternate options

The Neo worth is presently making strides to ascertain a further bullish pattern. Nonetheless, merchants can anticipate additional constructive actions towards the higher boundary of the channel, which may take a look at the resistance stage at $12.0. Within the occasion of sustained bullish momentum close to the channel, there’s a chance of encountering a possible resistance stage at $12.50. In the meantime, patrons are to remain vigilant for potential developments on this upward trajectory.

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

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