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  • NEO/USD price went up from $8.90 to $9.35 this Thursday.
  • The bulls need to break past resistance at $10 which has acted as a barrier since 20th November 2018.

NEO/USD bulls took the price up from $8.90 to $9.35 this Thursday. The market enjoyed a growth of 5% and will look to breach past the $10 mark. The $10 resistance has acted successfully as a price barrier since 20th November 2018. The last time NEO/USD was able to break through it successfully was on 23rd February 2019 before immediately going down the next day.

NEO/USD daily chart

NEO/USD went past the resistance offered by the 20-day simple moving average (SMA 20) curve. The price has been trending inside the green Ichimoku cloud since 17th February which has acted like a proper support level and is prime for a breakout. The moving average convergence/divergence (MACD) histogram shows decreasing bearish momentum.