Blockchain

Neo Price Prediction: NEO Jumps 11% As Launchpad XYZ Closes On $2 Million Raised In Presale

Join Our Telegram channel to stay up to date on breaking news coverage

The NEO price experienced an 11% surge to trade at $10.21 at 4:59 a.m. EST. This increase has led to a weekly performance gain of 29%, attracting the interest of both investors and traders.

The trading volume of NEO over the last 24 hours stands at $86 million, indicating a 17% increase compared to the previous day.

NEO Price Rebounds on $8.37 Support

NEOUSDT Chart Analysis. Source: Tradingview.com

The NEO chart illustrates a recovery following a decline that led to the price touching the support level at $6.5. Despite a brief pullback, the bulls appear steadfast, upholding the overall bullish trend and pushing the price to the $10.25 resistance level. 

This upward momentum follows a prolonged period of consolidation, indicating a substantial breakout and hinting at a sustained bullish trend swiftly regaining control and resuming its ascent.

The NEO price has crossed over the 50-day and 200-day simple moving averages (SMA), which now serve as immediate support levels, further bolstering the strength of the bullish trend.

The relative strength index (RSI) shows an upward trend as the price rebounds from below 37 below the 50-level mark, currently resting at 83, indicating intense buying pressure in the price.

NEO Price – Bulls Aiming at $18

NEO is on a general bullish trend, with investors and traders setting their sights on a potential $18 target. Currently, the price has rebounded from the $8.42 support zone, with immediate support provided 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 as a chance to limit their losses, potentially pushing the price down to $8.83, coinciding with the 200-day SMA.

Investors want Launchpad XYZ (LPX) as an alternative to NEO.

Launchpad XYZ Presale Nears End, $2 Million On Sight

Launchpad XYZ is an AI-focused crypto startup that has been attracting notice with its forthcoming platform designed to enhance Web3 applications.

This project aims at uniting artificial intelligence (AI) and cryptocurrencies to reshape the crypto industry. This merger has resulted in a significant rise in the market capitalization of AI-based cryptocurrencies, signifying a transformation in the conventional cryptocurrency market.

The ongoing presale for Launchpad XYZ’s LPX token has raised more than $1.95 million so far and is nearing its $2 million target.

The LPX token is the gateway to various platform features, uniquely contributing to the AI-crypto landscape. 

Given the rate of its accumulation and the attractive offerings it presents, LPX is poised to be the next cryptocurrency to make a significant impact once it is launched on various crypto exchanges.

Jacob Bury, with a YouTube subscriber base of 23.7K, explains in his YouTube video how to buy Launchpad XYZ to get the 10% bonus.

With just 5 days remaining, you can purchase LPX tokens at $ 0.0445 USDT per token and enjoy a 10% bonus. You can visit the Launchpad XYZ website and connect your wallet to buy tokens using BNB, USDT, or ETH. Alternatively, you can also make a direct purchase using a bank card.

Related News

New Crypto Mining Platform – Bitcoin Minetrix

Bitcoin Minetrix
  • Audited By Coinsult
  • Decentralized, Secure Cloud Mining
  • Earn Free Bitcoin Daily
  • Native Token On Presale Now – BTCMTX
  • Staking Rewards – Over 100% APY

Bitcoin Minetrix


Join Our Telegram channel to stay up to date on breaking news coverage


Credit: Source link

You might also like More from author

Comments are closed.

Please enter CoinGecko Free Api Key to get this plugin works.