Is It Too Late to Buy NEO? NEO Price Blasts Up 7% and Crypto Startup Launchpad Raises $1.6 Million – Fundraise Ends Today
Leading Chinese layer-1 smart contracts blockchain NEO has blasted up +7% following Flamingo Finance's cross-chain integration with Ethereum and Ontology.
And now, following the bullish announcement from Flamingo Finance that they have successfully integrated cross-chain support for Ethereum and Ontology - bridging the Western and Eastern blockchains it appears that NEO is set to resume rally structure.
NEO Price Analysis: Is it Too Late to Buy Neo After Flamingo Finance Integration?
In the wake of the cross-chain integration news, NEO has pushed up +7%, in a decisive move that has left NEO trading at a current market price of $7.35 (representing a 24-hour change of -2.26%).
The sudden upside move saw an impressive candle spike on September 5 - with NEO shooting up +15.3% to upper trendline resistance.
Now in localised retracement, price action is consolidating after the dramatic reclamation of NEO's 20DMA - which has formed a tough ceiling of resistance for 60-days since July 7.
With consolidation underway, NEO price appears bullish in technical support, with the announcement news triggering NEO's bounce from double-bottomed local support at $6.85.
Despite the significant move, NEO's RSI hasn't overheated - remaining at 46 - an oversold signal.
This suggests that price action has room to push up higher, and this is reflected in the MACD's sentiment which is sat with bullish divergence at 0.07.
Overall, NEO appears to be in strong bullish form - with double-bottomed footing off lower support and poised positioning in consolidation above the 20DMA - suggesting that it's not too late to buy NEO just yet.
To the upside, NEO is targeting a reclamation of previous support at $8.60 (a potential +17.33%) - this would demarcate a clean breakout above the upper trendline of the trading channel - poising NEO to push up even higher to the 200DMA.
While to the downside, NEO is at risk of falling a short-way to double-bottom tested lower support at $6.85 (a potential -6.55%).
This leaves NEO with a promising risk: reward ratio of 2.65 - a bullish entry with an alluring risk: reward composition.
But while NEO bag-holders are sat in wait, smart traders are already flocking to a next-generation AI analytics platform that has raised more than $1.6m in presale funding.
Launchpad XYZ: Just 6 Days Left to Join AI Insight Platform Used by Pro Traders
There is less than a day left to buy Launchpad XYZ (LPX), an innovative ecosystem designed to lower the entry barrier to Web 3.0 with user-friendly tools, insights, and analytics.
Whether you're a seasoned crypto user or just starting, this platform offers a range of features, such as NFT discovery, a decentralized exchange (DEX), a Web3 wallet, and utility token analysis.
At the heart of the Launchpad XYZ ecosystem lies the $LPX token - holders who stake a minimum of 10,000 tokens can reap numerous benefits, including substantial fee discounts, exclusive early access to NFT mint whitelists and presales, beta play-to-earn game launches, as well as cool community prestige badges.
The platform's intention to list LPX on major cryptocurrency exchanges is expected to drive significant demand for the token.
Following the introduction of its primary features in Q3 2023, Launchpad XYZ anticipates substantial user adoption.
With its maximum token supply of 1 billion, $LPX is set to launch on crypto exchanges later this year with a fully diluted market cap of $70 million. This makes it a platform to watch in the rapidly evolving crypto industry.
Given its comprehensive suite of features and ambitious vision, Launchpad XYZ is set to break barriers and redefine the crypto space.
As it facilitates an inclusive Web3 ecosystem, the $LPX token is proving itself a promising opportunity for investors. Whether you're new to the crypto world or a seasoned investor, Launchpad XYZ is one platform you can't afford to overlook in 2023.
Explore the latest Web3 presale projects, P2E Hub for gaming, the Metaverse Experience Library, and the Trading Terminal for an immersive experience.
Future developments include a marketplace for fractionalized assets, a Trading Edge Game, and creator tools for brands.
Don't miss out on the opportunity to invest in Launchpad XYZ, a promising project with the potential for significant growth.
.Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.