Rally

Candle

Show

<p>NEO, a prominent cryptocurrency, has witnessed a remarkable 40% overnight price surge, breaking past the crucial $20 mark. This sudden increase in value has caught the attention of investors and analysts alike, as the market capitalization of NEO approaches an impressive $1.50 billion.</p>
<h2 class="wp-block-heading" id="rising-channel-breakout-and-volume-spike">Rising Channel Breakout and Volume Spike</h2>
<p>The bullish momentum behind NEO’s price surge has resulted in a breakout from a rising channel pattern on the daily chart, according to an analysis by <a href="https://www.tradingview.com/chart/NEOUSD/s1ytRxCq-NEO-price-aims-for-a-jump-to-30/" target="_blank" rel="noopener noreferrer nofollow">Coinpedia</a>. This technical development indicates a strong upward trend and suggests further potential for price appreciation. Accompanying this breakout is an astonishing 4000% spike in trading volume, underscoring the substantial interest and demand for NEO among market participants.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="343" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-434-1024x343.png" alt="" class="wp-image-471195" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-434-1024x343.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-434-300x100.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-434-767x257.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-434-1536x514.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-434-2048x686.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-434-448x150.png 448w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-434-100x33.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-434-1045x350.png 1045w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-434-788x263.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-434.png 1669w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="pre-halving-rally-contribution">Pre-Halving Rally Contribution</h2>
<p>NEO’s impressive performance can be partially attributed to the ongoing pre-halving rally in the cryptocurrency sector. As the highly anticipated Bitcoin halving event draws closer, the entire market has experienced a surge in investor interest and positive sentiment. This overall bullish environment has likely contributed to NEO’s remarkable overnight gains.</p>
<h2 class="wp-block-heading" id="bullish-engulfing-candle-and-current-trading-position">Bullish Engulfing Candle and Current Trading Position</h2>
<p>The daily chart for NEO features a massive bullish engulfing candle, signaling strong buying pressure and a potential shift in market sentiment. Despite a minor 4% intraday drop, NEO currently trades at $20.89, suggesting that the cryptocurrency is undergoing a retest or pullback phase following its impressive surge.</p>
<h2 class="wp-block-heading" id="key-levels-and-fibonacci-targets">Key Levels and Fibonacci Targets</h2>
<p>For NEO to maintain its upward trajectory, it is crucial for the cryptocurrency to sustain its position above the key psychological barrier of $20. If NEO manages to break past the $22 mark, it could open the doors for a potential rally towards the $30 target within the coming week. The recent channel breakout has also positioned NEO to potentially enter uncharted territory, often referred to as the “blue sky zone,” where price discovery and new all-time highs become possible.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="market-cap-milestone">Market Cap Milestone</h2>
<p>NEO’s market capitalisation has reached a significant milestone, approaching $1.50 billion. This growth in market value underscores the increasing prominence and potential of NEO within the cryptocurrency landscape. As more investors recognize the value proposition and underlying technology of NEO, the cryptocurrency may continue to attract capital and experience further price appreciation.</p>
<p>The 40% overnight price surge in NEO, accompanied by a 4000% increase in trading volume, has caught the attention of the cryptocurrency community. With its market capitalisation approaching $1.50 billion and a rising channel breakout on the daily chart, NEO appears well-positioned for further growth.</p>
<p>However, to sustain its upward momentum, NEO must maintain its stance above key support levels and navigate the challenges of a dynamic and rapidly evolving market. As always, investors should exercise caution and conduct thorough research before making any investment decisions.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/why-is-neo-price-pumping-analyst-shares-next-key-target/" rel="noopener noreferrer nofollow">Why is NEO Price Pumping? Analyst Shares Next Key Target</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why is NEO Price Pumping? Analyst Shares Next Key Target

İçindekiler

CaptainAltcoin

9 Nis 2024 tarihli diğer yazılar

Blockchain Lending Future: Solana (SOL) & Ethereum (ETH) Stakeholders Embrace Cutting Edge Kelexo...

Vitalik Buterin Reveals How to Make Ethereum More Decentralized

Ethena’s ENA price skyrockets 18% as whales increase staking

Ripple & Ethereum Classic Backers Flood DeeStream Stage 2 Anticipated to Propel Streaming Platfor...

Ethereum Decreases More Than 3% Within 24 hours

FILLiquid Attends FIL Hong Kong 2024 and Unveils Testnet Phase 2 Airdrop With New DeFi Features i...

Güncel kripto para haberleri için ücretsiz bültenimize abone olun!