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 also saw a rise in prices on Friday with Neo rising by more than 15%. This pushes the token up to new multi-week highs.
Near Protocol (NEAR).
NEAR protocol (NEAR), which saw prices rise by up to 10% on Friday was one notable winner.
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.
The chart shows that the ceiling was $4.40. This mark has held steady since June 1, following substantial price drops towards May’s end.
Today’s climb in NEAR comes as the 14-day RSI (relative strength index) approached a resistance of its own.
Bullish sentiment is likely to gain momentum if the 64.70 level can be overcome.
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 NEO’s highest-ever price since June 13, 2013, when NEO failed to overcome the $14 resistance.
NEO seems to be moving towards another ceiling. This time, it is at $12. However, bulls may not manage to break through this resistance level.
It is because the relative strength indicator is hovering at 65 right now, its highest point for 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.
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What do you think? Do you believe neo will rise to $12 or more this weekend. Please share your views with us in the comments.
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