Trending News

BNB Drops 12% After All-Time High Despite $600M Backing

GriffinAI Completes GAIN Relaunch, Partners with Binance and KuCoin

Crypto ETPs Face Silence as Washington Shutdown Extends

Solana Price Rebounds Amid Falling Network Activity; Will it Sustain?

JPMorgan and Citi Prepare to Integrate Crypto Services

Zora Token Price Surges Post-Market Crash; Soars 55%

Follow Us

Facebook Instagram X-twitter Telegram Linkedin Rss
NameCoinNews
  • News
    • Cryptocurrency
    • Crypto Exchange
    • Blockchain
    • Regulation
    • Crime
    • Web3
  • Markets
    • Price Predictions
    • Price Analysis
    • ETFs
  • Crypto Gambling
    • Best Crypto and Bitcoin Casinos
    • Best Crypto and Bitcoin Gambling Sites
    • Best Crypto No Deposit Bonuses
    • Best Dogecoin Gambling Sites
    • View More
  • Events
  • Presales
  • Blog
  • News
    • Cryptocurrency
    • Crypto Exchange
    • Blockchain
    • Regulation
    • Crime
    • Web3
  • Markets
    • Price Predictions
    • Price Analysis
    • ETFs
  • Crypto Gambling
    • Best Crypto and Bitcoin Casinos
    • Best Crypto and Bitcoin Gambling Sites
    • Best Crypto No Deposit Bonuses
    • Best Dogecoin Gambling Sites
    • View More
  • Events
  • Presales
  • Blog
×Global Blockchain ShowGlobal Blockchain Show
NameCoinNews
  • News
    • Cryptocurrency
    • Crypto Exchange
    • Blockchain
    • Regulation
    • Crime
    • Web3
  • Markets
    • Price Predictions
    • Price Analysis
    • ETFs
  • Crypto Gambling
    • Best Crypto and Bitcoin Casinos
    • Best Crypto and Bitcoin Gambling Sites
    • Best Crypto No Deposit Bonuses
    • Best Dogecoin Gambling Sites
    • View More
  • Events
  • Presales
  • Blog
  • News
    • Cryptocurrency
    • Crypto Exchange
    • Blockchain
    • Regulation
    • Crime
    • Web3
  • Markets
    • Price Predictions
    • Price Analysis
    • ETFs
  • Crypto Gambling
    • Best Crypto and Bitcoin Casinos
    • Best Crypto and Bitcoin Gambling Sites
    • Best Crypto No Deposit Bonuses
    • Best Dogecoin Gambling Sites
    • View More
  • Events
  • Presales
  • Blog
Advertise

NEO Finds Support at 200 DMA, Eyes Rally

byMaxwell Mutuma
August 20, 2021
in Cryptocurrency News

NEO is an open-source blockchain network and holds a decent upside potential in the long term perspective. We have witnessed a good bull run in the first half of 2021, but the profit booking induced sell-off brought NEO to its knees. 

As of now, NEO is trading in a decent upside with a return of almost 140% in less than a month. But the good thing coming out of the NEO blockchain network is it taking support from the 200 DMA, which will be essential support in pumping its price to new highs.

Neo Eyes Breakout Above $55

Neo Price Analysis

Neo coin has a strong potential from current price action to break its immediate resistances and become trending. The small consolidation or retesting of its 200 Day Moving Average from the upper levels of $55 indicates the buyer sentiment on Neo cryptocurrency. One can expect Neo to reach $100 in the next few months. 

On an indicative basis, RSI is trading at a histogram level of 65 is close to the overbought zones. However, neo taking support from its 200 DMA will bring a strong potential for the upside move, and we expect little to no resistance in this realization. All one needs to take note of is the price action, profit booking below support levels will be an indication of a trend reversal. Neo has support at its 200 DMA, followed by the $50 psychological mark.

Previous Post

IBM, Mitsui, NRI Form Plastic Recycling Consortium

Next Post

Helix Operator Confesses Involvement in Money Laundering Process

Maxwell Mutuma

Maxwell Mutuma

Maxwell especially enjoys penning pieces about blockchain and cryptocurrency. He started his venture into blogging in 2020, later focusing on the world of cryptocurrencies. His life's work is to introduce the concept of decentralization to people worldwide.

linkedin
Global Blockchain ShowGlobal Blockchain Show
Search
No Result
View All Result
google news google news
Facebook Instagram X-twitter Telegram Linkedin Rss
NameCoinNews

NameCoinNews is your go-to platform for the latest cryptocurrency updates, market trends, and expert insights on Bitcoin, Ethereum, and beyond. We deliver in-depth price analysis, blockchain innovations, and regulatory news, empowering crypto enthusiasts and investors with reliable, real-time information.

News Beats

  • Cryptocurrency
  • Bitcoin
  • Ethereum
  • Blockchain
  • NFT
  • Crime
  • Regulation

Insights

  • Price Prediction
  • Price Analysis
  • Crypto ETFs
  • Crypto Events
  • Crypto Presales
  • Crypto Glossary

Connect With Us

  • About Us
  • Advertise
  • Press Release
  • Contact Us
  • Team

Quick Links

  • Sitemap
  • Editorial Policy
  • Disclaimer
  • Privacy Policy

Disclaimer: Content on NameCoinNews is for informational purposes only and should not be taken as financial, legal, investment, or tax advice. The crypto market is volatile, and investors can incur losses. We are not liable if a reader incurs losses due to reliance on our content. We would strongly suggest that readers carry out their own research and consult an expert before making any investment. With the content presented on the website, we try to be as accurate as possible, but NameCoinNews does not guarantee it and is not responsible for any decisions made by the reader based on our content. Our content should not be used without our permission, which includes copying or redistribution. For more, see our Terms and Conditions and Privacy Policy.

© Copyright 2025. All Rights Reserved.

cross