[NEO] could increase its price between (+145%) to (+200%)
$NEO

#NEO is showing good strength towards the last bull run highs is trying to get above anchored vwap from jun 2021 and is above value area high from dec 2021 to now. Moneyflow is increasing and momentum is shifting to bullish in the higher timeframes suggesting a continuation. If it manages to close a weekly candle above $22,50 would increase the probabilities. The target is between fibonacci retracement levels, monthly level, point of control/value area high from feb 2021 to dec 2021.

TARGET: $44,33 TO $54,76 up to (+200%)
#NEO💰智能多空策略 #ETHHits4KAgain #Write2Earn! #BinanceSquareFamily

The price of NEO has experienced a decline of 4% subsequent to encountering resistance at a notable level, leading to concerns among NEO investors who own a considerable amount of NEO assets, prompting them to question the possibility of NEO's value diminishing to zero.
In recent weeks, there has been a significant surge in the price of NEO subsequent to the disclosure of plans to implement censorship-resistant sidechains within the NEO network.
The operation carried out holds great importance in facilitating the functionality of NEO's GAS token, which serves as a medium for settling transaction fees. Additionally, it will provide the necessary energy to support the upcoming NEO sidechains.
The recent surge in the price of GAS, experiencing a remarkable increase of over 290% in the span of a month, has resulted in substantial profits for holders of NEO tokens. It is worth noting that NEO tokens create GAS as a reward when they are staked.
However, after unsuccessful resistance testing, the price of NEO and GAS seems to be undergoing a retracement, as the price action stabilizes after a significant upward surge.

Despite the prevailing optimistic market sentiment towards the prominent Chinese layer-1 solution, there is a possibility of a downward adjustment that might potentially position the NEO price for another upward movement.
NEO Price Analysis: Evaluating NEO's Retracement Following Sidechain Pump and Speculating on Potential Zero Value
The current market price of NEO is $12.25, indicating a 24-hour change of -12.39%, resulting in a small decrease in its price.
This occurrence transpired subsequent to a dual rejection from the upper trendline resistance, first at a price point of $15.50 on November 5, and subsequently at a price point of $15.20 on November 10.
The price point of $15 represents a significant level of resistance that holds historical significance. This level has gained recognition among NEO investors, particularly those who have held onto their NEO assets, as it has previously resulted in a similar instance of rejection on February 22.
However, it is evident that NEO is currently forming a consolidation zone inside the price range of $11.20 and $12.20. This consolidation is characterized by a period of five consecutive days where the price has been supported at lower levels, creating a zone of supply that may facilitate additional upward movements.
At now, the observed supply zone exhibits resilience, indicating the potential for the NEO price to stabilize at an elevated level, thereby solidifying the gains achieved during the current rise.
This perspective is supported by a decrease in the Relative Strength Index (RSI), indicating a reduction in market momentum following a prolonged period of excessive buying activity. The RSI currently stands at 62.97, serving as a crucial indicator in this analysis.
The act of consolidation in this context has the potential to effectively reduce the indicator's level to a more impartial 55, so preparing the price action for a subsequent upward movement.
The perspective is substantiated by the MACD, which consistently exhibits bullish divergence at a value of 0.05, so emphasizing the enduring momentum.
In general, despite experiencing a decrease of 4%, the NEO cryptocurrency appears to be in a favorable state, as it has undergone a necessary retracement and found support inside the supply zone. Additionally, the relative strength index (RSI) has exhibited signs of cooling down after being overextended.
This may potentially position NEO to ascend towards an upside goal of $15.20, reflecting a possible increase of 24.18%.
The potential downside risk seems to be constrained by the supply zone at $11.15, indicating a potential decrease of approximately 8.91%.
The risk-to-reward ratio of NEO is 2.72, indicating a favorable opportunity for investment. This assessment is supported by the presence of significant potential for upward movement, suggesting that NEO is unlikely to see a complete loss in value in the near future.
#NEO #GASUSDT #NEOUSDT

📈 #USA vs #CHINA: The Crypto Power Play Begins!
If Trump returns to office, we could witness a bold shift in the U.S. crypto scene, with a vision to position the USA as the global capital of crypto innovation. But if the U.S. amps up its crypto ambitions, China may react swiftly, potentially amending its crypto ban to stay in the race. Imagine Chinese coins like SCR and NEO surging as regulations ease, fueling both innovation and competition on the global stage.
Could this rivalry spark a new crypto boom and redefine the future of blockchain? Keep an eye on the U.S. election—it could shake the entire crypto landscape. 🌐📊

# #SCR #NEO #CryptoElections
$USDC