NEO Coin may be finally implementing NEO 3.0, which many investors have been waiting for for a long time. NEO CEO Da Hongfei recently said in a statement on Discord that NEO 3.0 is currently in the testing phase and this is continuing intensely.
The expected moment for NEO Coin is here
Hongfei spoke very firmly this time for NEO 3.0, which was delayed several times before, hinting that there will be no delay this time. According to the famous CEO, NEO 3.0 main network expected in January 2021 will be officially launched. The expectation created by the NEO 3.0 news, on the other hand, triggered the NEO price, which was stuck at a very thin resistance point.
NEO has gained 20% in the last 24 hours as of the time this article was written and is trading at $ 27. For NEO, the $ 23 and $ 26 were known to be very critical resistance points and the NEO price has now risen above both. However, it can be said that the weekly closing is important for a real breakdown.
Looking at the NEO technical analysis, it is seen that both the RSI and MACD indicators are rising, but a death cross signal comes from the Stochastic Oscillator front. Also known as the intersection of moving averages, "death cross" can bring a sharp decline for the price. Nevertheless, NEO's breaking of the $ 26 resistance points to the $ 81 level.
NEO Price Targets
NEO, which broke $ 26 during the rise of all altcoins in 2017, rose to $ 81.86 just like that and achieved the hardest. The further targets of the price are known as 130 dollars and 207 dollars. Although NEO has been trading below the $ 30 level for a long time, it could rise to $ 81 in the blink of an eye with its weekly closing confirmation.
If the NEO 3.0 mainnet is implemented in January, there will be no reason why the NEO price will not hit $ 81. Nevertheless, the movements of the leading cryptocurrency Bitcoin should be closely monitored by NEO investors.
