NEAR Hits 6-Week High on Friday, NEO Extends Recent Gains – Market Updates Bitcoin News
The Nær protocol traded at its highest level since June 10 in today’s session, as prices of the token rose for the second day in a row. Neo was also higher on Friday, with prices surging over 15%, pushing the token to multi-week highs.
Near Protocol (NEAR)
Near protocol (NEAR) was one of the notable winners on Friday, as prices of the token rose by as much as 10%.
After a low of $4.17 on Thursday, NEAR/USD rose to an intraday high of $4.75 earlier in today’s session.
Friday’s rally saw the token reach its highest point since June 10, pushing prices marginally above a key resistance level in the process.
As shown on the chart, this ceiling was the $4.40 mark, which has held firm since the beginning of June, after significant price declines towards the end of May.
Today’s rise in NEAR comes as the 14-day RSI (relative strength index) approached its own resistance.
The 64.70 level has acted as an obstacle for bulls since mid-April, but should this be overcome in the coming days, bullish sentiment is likely to gain momentum.
Another big draw in today’s session was neo, which gained for a second session in a row, climbing 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 reached since June 13, when the token failed to break out of the $14 resistance point.
NEO now seems headed for another ceiling, this time at the $12 mark, but bulls may not be able to break this resistance level either.
This is because the relative strength index is currently hovering around 65, which is the highest point in over three months.
Like NEAR, for today’s gains to continue, price strength will need to overcome current obstacles, which will then entice more bulls to re-enter the market.
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Do you expect neo to climb above $12 this weekend? Let us know your thoughts in the comments.
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