Neo price has gained 14% in the past 24 hours to trade at $22.66, with trading volume up 3% to $531 million as of 00:22 AM EST. NEO has gained 63% in a week, and the question now is whether it can recapture its 2018 all-time high of $198.38.
Neo price bull run will maintain bullish momentum.
Neo price has been in a consolidation channel since early March, with bulls attempting to push the price above the $18.05 resistance. However, in April, bulls seemed to gain the upper hand, pushing the price sharply higher to $22.51.
The bulls could not sustain the uptrend and the price corrected back to the current support at $18.50. NEO bulls used this support to push the price further higher and the price action occurred on the border of a bullish bandage pattern.
NEO is trading well above the 50-day and 200-day simple moving averages (SMAs), which suggests that there is potential for further upside in the price of Neo.
Moreover, the relative strength index (RSI) is trading in the overbought zone at 72, indicating strong buying pressure and continued optimism among investors.
Neo Price Prediction
The bullish momentum in Neo price seems strong as the price is trading within the upper boundary of the bullish band. Moreover, bulls aim to use the movement of the RSI and the golden cross at $15.07 to push the price further higher with a target of $26.66.
On the contrary, the asset is overbought, which could mean that traders are starting to take profits, leading to selling. In this case, NEO could pullback to the critical support area around $18.50. A further decline could negate the bullish outlook for the price.
As Neo’s price rises, other investors are piling into 5thScape, a world-first AR/VR crypto project that has raised more than $4.8 million.
5thScape has raised over $4.8 million, closing in on its $5 million goal.
5thScape (5SCAPE) is the latest innovation in the cryptocurrency space that aims to change the future of VR gaming, movies, and education by providing users with unparalleled experiences.
5thScape is a cutting-edge crypto project that aims to transform augmented and virtual reality, offering investors a deep dive into the future of immersive gaming.
The 5thScape team plans to release exciting combat, precise archery, high-speed racing and immersive sports. Several games including MMA Cage Contest, Thrust Hunter and Archery Master are in development.
According to 99Bitcoins, a crypto YouTube channel with over 700,000 subscribers, 5thScape could surge 100-fold after its launch.
The development team plans to launch 5thScape at $0.01, which means if you buy it now at $0.00285, you can lock in approximately 250% gains when it is listed.
If you think 5SCAPE is an opportunity not to be missed, please participate in the pre-sale on the official website.
You can use ETH, MATIC, USDT, BNB or bank card.
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