The nearby protocol was trading at its highest level since June 10 during today’s session, as prices for the token rose for a second straight day. Neo was also higher on Friday, with prices up more than 15%, pushing the token to multi-week highs.
Near Protocol (NEAR)
The near protocol (NEAR) was one of the notable gainers on Friday, with the token’s prices up 10%.
After a low of $4.17 on Thursday, NEAR/USD rebounded to hit an intraday high of $4.75 earlier in today’s session.
Friday’s rise saw the token hit its highest level since June 10, pushing prices slightly above a key resistance level in the process.
As seen on the chart, this ceiling was the $4.40 mark, which has remained firm since early June, following significant price declines towards the end of May.
Today’s rise in NEAR comes as the 14-day RSI (Relative Strength Index) approached a resistance of its own.
The 64.70 level has acted as a hurdle for the bulls since mid-April, but if that is overcome in the coming days, the bullish sentiment will likely gain momentum.
Another big mover in today’s session was neo, which won for a second session in a row, climbing over 15% in the process.
The token hit an intraday high of $11.34 on Friday, following a low of $9.54 in yesterday’s session.
This is the highest price NEO has been hitting since June 13, when the token failed to break out of the $14 resistance point.
NEO Now appears to be heading for another high, this time at the $12 mark, but the bulls may not be able to break that resistance level either.
This is because the relative strength index is currently hovering around 65, its highest level in over three months.
Like NEAR, for today’s gains to continue, price strength will need to overcome current hurdles, which will then induce 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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