Key Highlights:

NEO was one of the biggest risers today, hitting a weekly high of $128.95
A bullish trend has formed in recent hours, testing a major resistance of $130
The MACD indicator shows that NEO is in a bullish zone

NEO Testing Resistance At $130

NEO was one of the highest gainers among the top cryptocurrencies today, hitting a weekly high of $128.95 earlier and up by almost 5% over the past 24 hours. Like many other coins on the market, NEO is showing tremendous upside, and it is on another bullish run toward a resistance of $130.

A major bullish run was created earlier in the day, taking NEO to the $128.95 mark, after which it began to pull back and test a support level of $124. It is likely that NEO will trade in the $124-$128 range before the next breakout.

Source: Tradingview

The MACD indicator is confirming the bullish signal, though it may not be sTron (available on Binance)g. The good news is that any pullback won’t be drastic. The important part is whETHer NEO is able to consistently trade at $128 and eventually break through the $130 barrier.

Looking at the Technical Indicators:

Hourly MACD — NEO is in a bullish zone
Major Support Level — $124
Major Resistance Level — $130

Featured Image: cryptocur.exchange

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In addition to writing financial content and analysis, Jackson has worked as a business journalist at Stockwatch and research analyst at various organizations. He obtained his MA Economics from Concordia University in Montreal and BA Economics from the University of British Columbia, with special emphasis on environmental and industrial economics.