NEO follows in the footsteps of Bitcoin surging on the weekend

NEO is trending up 5% on Saturday after opening the session at $13.48.
NEO is trading at $14.14 amid a building bullish momentum.

John Isige FXStreet

The biggest performers on the market today are Bitcoin and NEO. The latter is following in the footsteps of Bitcoin posting gains above the key hurdle at $14.00. NEO is trending up 5% on Saturday after opening the session at $13.48. The intraday live charts show NEO having added 5% to its value in less than 12 hours.

Bitcoin, on the other hand, cemented the momentum above $8,000 by first breaking above $8,400 on Friday and later extending the gains above $8,7000. Meanwhile, BTC/USD is changing hands at $8,680 after a slight correction from the highs at $8,772.

NEO is trading at $14.14 amid a building bullish momentum. Marginally above the current value, NEO is facing resistance at $14.50. Moreover, $15.00 is the critical level that will determine if NEO will continue with the rally towards $20.00 or lead to a correction. The first support is $12.50, the second is at $11 and at $11.00.

NEO/USD 2-h chart

Author

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

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