NEO/USD spikes above $13.00 amid strong bullish momentum The coin may extend the upside towards $15.37. NEO reached the recent top at $13.27 during early Asian hours before retreating to $12.99 by the time of writing. The 17th largest digital asset with the current market value of $918 million, has gained nearly 15% on a day-to-day basis and 7% since the beginning of the day. While the coin has partially reversed the gains, it is still bullish in the short run. NEO/USD, the technical picture From the longer-term perspective, NEO/USD returned to the barrier created by the upper line of the daily Bollinger Band. Once it is broken, the sell-off may be extruded towards the next support area created by psychological $12.00 and the upper boundary of the previous consolidation channel at $11.70. A combination of SMA200 (Simple Moving Average) and the middle line of the Bollinger Band on on a daily chart create pivotal support on approach to $11.00. This area is likely to attract new buyers and serve as a jumping-off ground for another recovery. On the upside, we will need to see a sustainable move above $13.00 for the upside to gain traction. This development will open up the way towards October 28 high at $13,45 followed by $14.00. The long-term bullish target is created by the upper line of the weekly Bollinger Band at $15.37. NEO/USD, 1-day chart 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 EUR/JPY Technical Analysis: a move to the 100-day SMA at 119.55 is on the cards FX Street 3 years NEO/USD spikes above $13.00 amid strong bullish momentum The coin may extend the upside towards $15.37. NEO reached the recent top at $13.27 during early Asian hours before retreating to $12.99 by the time of writing. The 17th largest digital asset with the current market value of $918 million, has gained nearly 15% on a day-to-day basis and 7% since the beginning of the day. While the coin has partially reversed the gains, it is still bullish in the short run. NEO/USD, the technical picture From the longer-term perspective, NEO/USD returned to the barrier created by the upper line of… 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.
