NEO/USD overview: NEO/USD ready to test $10 range again
- 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.
Author
Rajarshi Mitra
Independent Analyst
Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.
