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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocurrencies-fluctuate-amidst-federal-reserve-decision-day/" data-wpel-link="internal">Cryptocurrencies Fluctuate Amidst Federal Reserve Decision Day</a><br></p>
<p style="text-align: justify"><strong>Cryptocurrencies</strong> started the day with a decline and continued with an increase on a Federal Reserve evening. This can change very quickly. On days of Fed interest rate decisions, where volatility is high in both directions, investors need to remain extra cautious. BTC climbed to $43,300 at the time the article was prepared, then quickly formed a new decline candle of similar magnitude on the 15-minute chart.</p> 
<h2 style="text-align: justify" id="neo-coin-commentary">NEO Coin Commentary</h2> 
<p style="text-align: justify">Although it used to be much more popular, NEO Coin has not been forgotten. On the daily chart, the <strong>NEO Coin price</strong> has been trading below the long-term resistance since February 2023. The resistance was tested many times, the most recent being on the first day of this year, but it has not yet been breached.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-309640 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/NEO-Coin-Grafik-1-.png" alt="" width="1885" height="767"></p> 
<p style="text-align: justify">NEO Coin, which dropped to $9.8 on January 23, is now recovering from the bottom along with many other cryptocurrencies. Although the daily RSI does not provide a clear reading, the assumption of weakening resistances tested many times could lead to a rapid increase in value if broken.</p> 
<h2 style="text-align: justify" id="neo-coin-price-prediction">NEO Coin Price Prediction</h2> 
<p style="text-align: justify">On the shorter-term 6-hour chart, the NEO Coin price has been trading in a decreasing parallel channel for 86 days. This generally contains corrective movements, but the price response from the channel’s support on January 23 gave bulls hope. GeniiAlert drew attention to a significant increase in volume following the recent breakout. <a href="https://en.coin-turk.com/impressive-bitcoin-surge-predictions-that-excite-investors/" data-wpel-link="internal">Crypto</a> Chart Monkey is also among the experts who believe in the continuation of the price rise.</p> 
<blockquote> 
 <p style="text-align: justify">“Be ready for a potential uptrend trading opportunity with NEOUSDT. After encountering resistance, NEO is now finding support at $10.08. We could see a reversal here as it moves towards previous high levels.”</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-309641 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/NEO-Coin-Grafik-2.png" alt="" width="1882" height="767"></p> 
<p style="text-align: justify">Additionally, according to Elliot wave counting, we see a completed W-X-Y correction. If the price correction is indeed over, it could climb to the $14.8-15 range with a 30% increase from the channel’s midline.</p> 
<p style="text-align: justify">Despite the bullish prediction, if the <strong>NEO Coin price</strong> falls below the short-term resistance, a return to $9.8 is likely. The overall market sentiment is currently positive; Powell is not expected to take an overly harsh stance, and GBTC outflows have slowed, making investors hopeful for February.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/cryptocurrencies-fluctuate-amidst-federal-reserve-decision-day/" data-wpel-link="internal">Cryptocurrencies Fluctuate Amidst Federal Reserve Decision Day</a></h5>

Cryptocurrencies Fluctuate Amidst Federal Reserve Decision Day

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