<ul><li>NEO market shows a bullish bounce, but price correction is possible due to weak ATR.</li><li>The positive trend is being supported by buying pressure, but caution is advised as MFI approaches the overbought zone.</li><li>Bullish momentum is fading, users must watch for trend reversal signals like a break below the 50-day MA.</li></ul>The <a href="https://coinedition.com/tag/Neo-NEO/" rel="noopener noreferrer nofollow">Neo (NEO)</a> market has had a bullish bounce in the previous 24 hours, with the price going from a low of $12.56 to a high of $13.26. At publication, a 1.79% increase had been made to $12.84 due to the bulls’ persistent optimism.If bulls can sustain a break over $13.26, they may see more resistance at $14.00 and $15.00, which might see increased buying interest from traders. If, however, the bears succeed in driving the price below the $12.00 support level, this might set off a sell-off and initiate a negative trend in the near future.<a href="https://coinedition.com/neo-displays-bullish-bounce-but-potential-for-price-correction-looms/" rel="noopener noreferrer nofollow">See the Original CoinEdition</a>

NEO Displays Bullish Bounce, but Potential for Price Correction Looms

Coin Edition

Altri articoli pubblicati su 30 mar 2023

PUBLISH partners with NDsoft to tokenize 2,700 newspapers in Korea

Top Gainers Detected Among the Hidden Gems

Russian criminal charges pressed against Pussy Riot protest art NFT

$BTC: Bloomberg Senior Macro Strategist on Why He’s Not Yet ‘Bullish Bitcoin’

Securitee Launches Confidential Computing Platform to Protect Data in Use

PUBLISH selected by Draper University, Ministry of SMEs and Startups for KISED Global Acceleratin...

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!