- NEO bulls have things going their way, for now.
- Some more gains likely in the northward journey.
NEO, the crypto known for losing more than 95 percent of its gains from its top hit in late 2017, has some momentum going its way in this journey upward that started December last year, although it is still early days to call for a long term bull run in NEO.
NEO/USD is down more than 1 percent on day at $9.936 and trading in more than 4 percent range for the day. On the daily chart the crypto has formed an upward sloping higher high higher low parallel channel.
As long as prices remain in this channel, upward momentum for the crypto will remain intact, albeit slower and steadier. The crypto is currently trading at the middle of the channel and next major resistance at $10.50 and support around $8.70.
NEO/USD daily chart:
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