Neo Price Prediction for Today, November 5 – NEO Technical Analysis

The Neo worth prediction reveals that NEO is more likely to cross above the higher boundary of the channel if the consumers enhance the stress.

Neo Prediction Statistics Information:

Neo worth now – $11.02
Neo market cap – $935.3 million
Neo circulating provide – 70.5 million
Neo complete provide – 100 million
Neo Coinmarketcap rating – #63

NEO/USD Market

Key Ranges:

Resistance ranges: $14.0, $15.0, $16.0

Help ranges: $8.0, $7.0, $6.0

NEO/USD begins a contemporary enhance from the $10.02 degree as the value continues to rise nicely above the 9-day and 21-day shifting averages. Nonetheless, it’s seemingly for the crypto to speed up larger if it breaks above the higher boundary of the channel.

Neo Worth Prediction: How Far Can NEO/USD Go?

In the meanwhile, the Neo worth is buying and selling at $11.02 after including 9.87% to its worth on the day. The energy of the coin is opening the door for a large restoration motion concentrating on $12.0. In the meantime, from a technical perspective, NEO/USD is able to tackling the hurdles towards the upside because the 9-day MA stays above the 21-day MA.

Furthermore, it looks as if the bulls could goal for a transparent break above the $12.0 and $12.50 ranges within the coming classes. In the meantime, if they’re profitable with the break, the resistance ranges of $14.0, $15.0, and $16.0 could come into play. Within the occasion a reversal ensues, merchants might be alert for crucial assist ranges at $8.0, $7.0, and $6.0 respectively.

NEO/BTC Begins a Bullish Journey

Towards Bitcoin, the Neo worth heads towards the upside because the coin trades at 3204 SAT and expects a break above the higher boundary of the channel. Wanting on the day by day chart, merchants can see that the bulls are dominating the market and the subsequent resistance degree could come at 3800 SAT and beneath.

On the draw back, if the bears step into the market, a potential bearish motion may carry the market beneath the 9-day and 21-day shifting averages which may contact the assist degree at 2500 SAT and beneath. Nonetheless, the 9-day MA crosses above the 21-day MA, confirming the bullish motion available in the market.

Alternate options to Neo

The Neo worth is trying to create a further bullish development, and merchants could count on extra constructive actions towards the higher boundary of the channel which may take a look at the resistance degree of $12.00. Subsequently, any additional bullish motion above the channel could find the potential resistance degree at $12.50.

On that observe, the Bitcoin Minetrix token’s spectacular $3.39 million presale achievement displays robust investor confidence and units the stage for important cryptocurrency development. Evaluating it to NEO with a $935.3 million market cap, the Bitcoin Minetrix’s substantial presale success suggests the potential for speedy development, presumably surpassing extra established counterparts. Buyers looking for high-growth alternatives ought to be aware of the Bitcoin Minetrix’s promising begin and thrilling prospects.

BITCOIN MINETRIX: SOMETHING GREAT IS ABOUT TO HAPPEN?! $BTC

New Crypto Mining Platform – Bitcoin Minetrix

Audited By Coinsult
Decentralized, Safe Cloud Mining
Earn Free Bitcoin Each day
Native Token On Presale Now – BTCMTX
Staking Rewards – Over 100% APY