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NEO price update: NEO/USD defies market sideways forces to record gains over 10%

Published 04/04/2019, 09:08 AM
Updated 04/04/2019, 09:09 AM
© Reuters.

  • NEO buyers confidence increased following the break above the 50 SMA4-hour.
  • Despite the extremely overbought condition, NEO/USD technical levels remain strongly positive.

NEO/USD is the strongest single digit gainer on Thursday. The crypto has ignored the sideways forces on the market pushing cryptocurrencies into consolidation following the two-day surge. The 4-hour chart shows how NEO started building the uptrend towards the end of March. The break above the simple moving averages (both the 21 SMA and the 50 SMA) saw the buyers increase confidence and push for a correction above $10.00.

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