The new Neo update increases the overall block size limit and improves overall network health. The 4-hour NEO chart has formed the head and shoulders pattern. Neo issues new mainnet update The Neo Global Development (NGD) has announced a new version of the core Neo2 node client, neo-cli v2.12.0. This update increases the overall block size limit and improves overall network health. The GAS limit has gone up from 10 to 50, while the max number of transactions per block has dropped from 500 to 200. This increase in gas limit is for Neo’s upcoming DeFi – Flamingo. The new updates will ensure network stability by compensating for an expected increase in contract execution time. NEO/USD daily chart NEO buyers have stayed in control for three straight days, charting the three green soldiers pattern as it went up from $20.35 to $25.15. The price reached intraday highs of $25.90, charting a 52-week high. In the process, the price has crossed the upper curve of the 20-day Bollinger Band and the relative strength index has crept into the overbought zone. Both these indicators show that the price is presently overvalued and will face bearish correction soon. The immediate target for correction will be $24.50, bringing the price back inside the 20-day Bollinger Band. NEO/USD 4-hour chart The 4-hour chart has formed the head and shoulders pattern and then broke above the upward trending line. The RSI is hovering along the very edge of the overbought zone, prompting a bearish correction, as the two latest candlesticks have formed a bearish engulfing pattern. NEO on-chain dev activity As per Santiment, the dev activity has recently increased due to the upcoming Flamingo. As expected, the price has reacted very positively to this increased dev activity. Key levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Top 3 Coins Price Prediction Bitcoin, Ethereum and Ripple: BTC upside capped at $11,600 FX Street 2 years The new Neo update increases the overall block size limit and improves overall network health. The 4-hour NEO chart has formed the head and shoulders pattern. Neo issues new mainnet update The Neo Global Development (NGD) has announced a new version of the core Neo2 node client, neo-cli v2.12.0. This update increases the overall block size limit and improves overall network health. The GAS limit has gone up from 10 to 50, while the max number of transactions per block has dropped from 500 to 200. This increase in gas limit is for Neo’s upcoming DeFi – Flamingo. The new… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.