Neo to US Dollar
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Anderson Noah
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24.10.2024
Neo (NEO) has dropped 8.2% to $10.00 this week, underperforming Bitcoin (BTC), which declined by 2.5% to $66,980. Despite this drop, NEO's price has formed an ascending triangle pattern, signaling potential for an upward move that could push prices above $12.50, possibly even as high as $13.40, which marks the middle of the ascending channel.
This ambitious target is supported by the increased security of Neo's sidechain, Neo X, which adds further confidence to the upside scenario. However, for this scenario to materialize, NEO must hold above the $10.00 support level, as breaking below could invalidate the pattern and limit further gains.
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| Ticker | NEOUSD NEO/USD |
| Contract value | 1 Neo |
| Maximum leverage | 1:10 |
Swaps history
| Date | Short Swap (%) | Long Swap (%) | No data |
|---|
| Minimum transaction volume | 1 lot |
| Maximum transaction volume | 1000 lots |
| Hedging margin | 50% |
Margin requirements
| USD Exposure | Max Leverage Applied | Floating Margin |
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