Neo Price Analysis (NEO/USD)
NEO/USD pair has today shown a massive upsurge as it maintains its price range above $10.000. Also, the bullish action is likely to increase the investorâ€™s sentiments due to an increase in buying pressure. NEO/USD pair began the session trading at $10.626 that later fluctuated upside to rally at a high of $11.355. A medium-term period of consolidation was seen, later on, ranging between $11.409 and $11.103 respectively. The consolidation phase then pulled the price back to currently trade at $11.129 with an intraday increase of 4.5%. That is a positive sign as it gives investors high hope for better digits in the near term.
In the market, there is a bullish trend-line formed that showcased strong buying interest. Thus, with more buyers in the market, the price is likely to jump above $12.000. However, both moving averages are converging, with the long-term SMA looking set to cross above the short-term SMA. The RSI is also declining towards the negative region, which gives a beatable sign. Therefore, the moves exhibited emphasized the incoming bearish action.
Neo Price Prediction (NEO/USD)
If the pairâ€™s price break below the bullish trend line and $11.000, the number of sellers is likely to increase, which may dip the price down below $10.000. Conversely, an upside break above $11.4000, may resume the bullish momentum to trade above $12.000 in the short-term.
Bitcoin Cash Price Analysis (BCH/USD)
BCH/USD pair has also suppressed the bearish performance over the past 24hrs. The pairâ€™s price found a healthy support near $283.0 that sustained the uptrend. It jumped from the opening price of $285.0 to close at $289.6 that showed strong buying interest. Despite the short-term upside momentum, bears resumed the downtrend and slightly dipped the momentum that resulted in a tight range between $286.0 and $290.0 level respectively.
Currently, there is a struggle to break $290.0 resistance level; thus, more buyers are needed for further upside. Looking at the moving averages, they are both pointing north, with the short-term SMA above the long-term SMA. The RSI is also hovering above level 50, which shows an increase in buyouts. Thus better digits should be anticipated in the short-term.
Bitcoin Cash Price Prediction (BCH/USD)
There is a high probability of further upside correction; thus, a breach above $290.0 may correlate gains above $310.0. However, a break below $286.0 could correlate losses towards $265.0.
Monero Price Analysis (XMR/USD)
XMR/USD pair is up by 1.06%, as it jumped from $61.32 to $61.98 showing a bullish performance. However, the upsurge was seen at the beginning of the session, where it moved from $61.32 to a high of $62.65. The market later entered into the indecisive mode, which was followed by a sideways movement, which was reflected by the horizontal channel marked at $62.32 and $61.49.
Currently, the bulls still have the upper hand as indicated by the short-term SMA that is currently above the long-term SMA. However, the RSI is now heading southwards, giving a negative outlook.
Monero Price Prediction (XMR/USD)
If the price rise above $62.32 level, then further Bull Run can be seen that may fluctuate the price to rally above $64.00. Nevertheless, a break below the critical support level $62.49 may dip the momentum lower below $60.00.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.
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