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
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).
BEST BROKERS TO TRADE CRYPTO
Information on thesis pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this pagina are for informational purposes only and should not te any way come across spil a recommendation to buy or sell ter thesis securities. You should do your own thorough research before making any investment decisions. FXStreet does not te any way assure that this information is free from mistakes, errors, or material misstatements. It also does not ensure that this information is of a timely nature. Investing ter Forex involves a good overeenkomst of risk, including the loss of all or a portion of your investment, spil well spil emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you spil well spil for you. Before determining to trade foreign exchange you should cautiously consider your investment objectives, level of practice and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.