NEO Price takes the spotlight as it’s upward for 5 percent

NEO Price takes the spotlight as it’s upward for 5 percent

After experiencing some massive gains in Crypto Price earlier in the year, the market has been on a sideways trend the past month. most cryptocurrency traders would like to see Price continue its upward trend, the recent relative stability is actually a good thing for the market overall. This means that if the current support level can be maintained for a period of time, it will provide fuel for another upward bull trend. if the Cryptocurrency market continued to rise upward exponentially an inevitable panic sell would have been imminent. "NEO Price takes the spotlight as it’s upward for 5 percent"

NEO Price takes the spotlight as it’s upward for 5 percent

While most of the Cryptocurrencies are in the upward direction today, NEO price takes the spotlight as it’s up over 5% in the past 24 hours, one of the best performing cryptos today. One of the positive news forces driving the positive momentum for the NEO project is the recent announcement of the Phase.
According to NEO’s official announcement of the launch of the EcoBoost program, is designed to provide life cycle support for developers, dApps, infrastructure, etc. within the NEO ecosystem. With an aim to support the development and growth of NEO coin ecosystem.

The first stage of the program is focused on the recruitment of media partners to help with publicity, platforms to help drive traffic and liquidity and institutions to provide resources and support for the NEO ecosystem. The EcoBoost program secured $100M in funding to help reach its goals and is going to be a great initiative to help NEO flourish.

Relative Strength Index(RSI): The current RSI is at a healthy level at 55 points. That means the NEO Antshares market is neither overbought nor oversold stage. We can further conclude that the market is at a healthy level and has the best chance of making another move upwards.
Bollinger Bands: Looking at the BBs we can see that the price line is within the upper and lower bands, however, one bad sign is that the current price has just dipped below the MA. This is the first time it happened in the past few hours since the uptrend has begun so unfortunately, that may mean that NEO Antshares might take a step back in the coming hours.

If the NEO price line can recover above the MA and the RSI can stay in the healthy range then we should expect NEO’s price to either keep the current price level or make a move upwards. However, if the price fails to cross back above the MA then most likely we will see a move downwards. At the same time, regardless of NEO’s technical indicators, most cryptocurrencies are still following Bitcoin’s movements. As such as it’s a good idea to keep an eye out for any sudden moves for Bitcoin BTC as well.

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