Lokesh Gupta
15-04-2024
#NEO ($NEO) exhibits substantial gains, ranking among today's top performers.
Detailed analysis shows NEO's price nearing the upper boundary of the Pitchfork, indicating possible resistance.
NEO initially dipped to $14.70 before rebounding, highlighting the importance of surpassing $24.00 for further upward momentum.
NEO surpasses Bitcoin, sustaining levels above $22.00, with a potential increase of 31.50%.
#NEO's price movement aligns with an ascending channel pattern, reflecting sustained bullish sentiment.
Despite brief dips on the 13th, robust buying near the support line swiftly reversed the downtrend.
However, $NEO faces challenges breaching and closing above the channel line.
A successful closure above the channel may trigger a rally towards the $30.00 resistance, potentially reaching $50.00 upon breakout.
According to Coingabbar Price Prediction, Conversely, a failed breakout could drive NEO's price towards lower channel support around $15.00.
KEY LEVELS :
RESISTANCE LEVEL : $25.00-$30.00
SUPPORT LEVEL : $20.00-$16.00
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgement, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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