Skip to main content

Biggest Movers: NEAR Hits 6-Week High on Friday, NEO Extends Recent Gains

Near protocol was trading at its highest level since June 10 in today’s session, as prices of the token rose for a second straight day. Neo was also higher on Friday, with prices surging by over 15%, pushing the token to multi-week highs.

Near Protocol (NEAR)

Near protocol (NEAR) was one of the notable gainers on Friday, as prices of the token rose by as much as 10%.

Following a low of $4.17 on Thursday, NEAR/USD rallied to an intraday peak of $4.75 earlier in today’s session.

Friday’s rise saw the token hit its highest point since June 10, pushing prices marginally above a key resistance level in the process.

As seen on the chart, this ceiling was the $4.40 mark, which has held firm since early June, following significant drops in price towards the end of May.

Today’s climb in NEAR comes as the 14-day RSI (relative strength index) approached a resistance of its own.

The 64.70 level has acted as an obstacle to bulls since mid-April, however should this be overcome in upcoming days, bullish sentiment will likely gain momentum.

NEO

Another big mover in today’s session was neo, which gained for a second straight session, climbing by over 15% in the process.

The token rose to an intraday high of $11.34 on Friday, following a low of $9.54 during yesterday’s session.

This is the highest price NEO has hit since June 13, when the token failed to break out of the $14 resistance point.

NEO now appears to be heading towards another ceiling, this time at the $12 mark, however bulls may not be able to break this resistance level either.

This is due to the fact that the relative strength index is currently hovering around 65, which is its highest point in over three months.

Like NEAR, in order for today’s gains to continue, price strength will need to overcome current hurdles, which will then entice more bulls to reenter the market.

Register your email here to get weekly price analysis updates sent to your inbox:

Do you expect neo to climb above $12 this weekend? Let us know your thoughts in the comments.



from Bitcoin News https://ift.tt/UNO9lr7
Labels:

Comments

Post a Comment

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m...
10 comments
Read more

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli...
Post a Comment
Read more

Seven UK Companies Form Cryptocurrency Trade Body

Seven major crypto companies operating in the UK have announced the formation an independent cryptocurrency trade body. The group, Crypto UK, has stated that its principal aim is to “improve industry standards and engage policymakers.” Also Read:   Independent Ratings Agency Alerts Investors About Dangers of Tether Leading Cryptocurrency Companies form Crypto UK Trade Body Seven leading cryptocurrency companies operating the UK have formed an independent trade body tasked with developing self-regulatory standards for the cryptocurrency industry, in addition to “engag[ing] policymakers.” The members of Crypto UK are Coinbase, Etoro, Cex.io, Blockex, Commerceblock, Coinshares, and Cryptocompare – comprising trading platforms, exchanges, asset managers, merchants, comparison websites, and intermediaries from the cryptocurrency sector. “Regulation is Imminent” The Crypto UK chairman and managing director of Etoro, Iqbal Gandham, described the trade body’s mission as “promot[in...
41 comments
Read more