The NEO Price Surges 11% to $10.21
The price of NEO has experienced a significant surge of 11%, reaching a trading value of $10.21. This increase has attracted the attention of investors and traders, as it represents a weekly gain of 29%. Additionally, the trading volume of NEO in the past 24 hours has increased by 17% compared to the previous day, reaching $86 million.
NEO Price Rebounds on $8.37 Support
The NEO chart shows a recovery after a decline that led to the price touching the support level at $6.5. Despite a brief pullback, the bulls have maintained their strength, upholding the overall bullish trend and pushing the price towards the $10.25 resistance level. This upward momentum indicates a substantial breakout and suggests a sustained bullish trend regaining control.
The NEO price has crossed over the 50-day and 200-day simple moving averages (SMA), which now serve as immediate support levels, further reinforcing the strength of the bullish trend. The relative strength index (RSI) also indicates intense buying pressure.
NEO Price – Bulls Aiming at $18
NEO is currently on a general bullish trend, with investors and traders setting their sights on a potential target of $18. The price has rebounded from the $8.42 support zone and is supported by the 200-day moving average. This positive momentum could empower bullish investors to recoup their losses, with further support from the RSI and the 50-day SMA targeting a breakthrough of the $11.7 threshold and reaching a fresh high at $15.
On the other hand, bearish traders might take advantage of the correction to limit their losses, potentially pushing the price down to $8.83, coinciding with the 200-day SMA.
Launchpad XYZ Presale Nears End, $2 Million On Sight
Launchpad XYZ is an AI-focused crypto startup that aims to enhance Web3 applications. This project has gained attention in the market, resulting in a significant rise in the market capitalization of AI-based cryptocurrencies. The ongoing presale for Launchpad XYZ’s LPX token has raised close to $2 million, nearing its target.
The LPX token serves as the gateway to various platform features, contributing to the AI-crypto landscape. With its attractive offerings and accumulation rate, LPX is poised to make a significant impact once it is launched on crypto exchanges.
Hot Take: Launchpad XYZ Revolutionizes AI-Crypto Landscape
Launchpad XYZ is revolutionizing the AI-crypto landscape with its forthcoming platform designed to enhance Web3 applications. The merger of artificial intelligence and cryptocurrencies has led to a rise in the market capitalization of AI-based cryptocurrencies, signaling a transformation in the conventional crypto market. The ongoing presale for Launchpad XYZ’s LPX token has already raised close to $2 million, showcasing strong investor interest. As LPX prepares to launch on various crypto exchanges, it holds the potential to make a significant impact and reshape the industry.
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