NEO price analysis: NEO

NEO wasgoed one of the growth leaders on Wednesday, gaining overheen 10%. The 9th thickest coin by market value touched $60.50 during early Asian hours, but failed to keep the ground and retraced to $58.30. NEO market capitalization is the highest since March 29, while trading volumes almost doubled from the previous day.

Korean cryptocurrency exchange Upbit will commence paying NEO GAS for those who keep the coins te the hot wallet NEO embarking from May 7, according to the statement published on Upbit official webstek. NEO holders shall confirm their agreement with the security precautions. This is a welcoming development for NEO investors who get paid for holding NEO.

Rumors that Bithumb is going to add NEO to the listing also heighten the speculative rente. Presently, NEO is trading at Upbit and Binance.

NEO price technical picture

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NEO/USD is trading at $58.50, off early Asian high $60.50. The support is created by 50-SMA (hourly chart) at $54.00. If it is cleared, the downside may be extended towards $52.00 (100-SMA, hourly chart) and $51.00. The recovery is capped by intraday high with longer-term resistance at $80.00 (50-SMA, daily interval).

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2 thoughts on “NEO price analysis: NEO

  1. Did you have money on Binance? Were you alarmed or certain? I had a few grand on there, far more than usual… Super glad it turned out ok, but still let this be a reminder to mij and everyone else, storing coins on an exchange is more scary than on a secure private wallet.

  2. I could loom te to Binance yesterday, when it wasgoed ‘down’ for maintenance. All it said wasgoed that trading wasgoed not available. But now, I can’t even get the pagina to explosion. Could it be that too many people are attempting to loom on at merienda? I hope that’s the reason, and nothing more sinister than that!

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