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Biggest Movers: NEAR Hits 6-Week High on Friday, NEO Extends Recent Gains

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The Near protocol traded at its highest level since June 10 in today’s session as the price of the token rose for the second day in a row. Neo was also higher on Friday as prices surged over 15%, propelling the token to multi-week highs.

Near protocol (NEAR)

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The Near Protocol (NEAR) was one of the notable leaders on Friday as the price of the token surged by as much as 10%.

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After a low of $4.17 on Thursday, NEAR/USD rose to an intraday peak of $4.75 earlier in today’s session.

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Friday’s rally sent the token to its highest point since June 10, pushing prices slightly above a key resistance level.

Biggest Drivers: NEAR hits 6-week high on Friday, NEO expands on recent gains
NEAR/USD – daily chart

As you can see from the chart, that ceiling was $4.40, which has remained unchanged since early June after a significant drop in prices towards the end of May.

Today’s NEAR rise came as the 14-day RSI (Relative Strength Index) approached its own resistance.

The 64.70 level has been an obstacle for bulls since mid-April, however, if it is overcome in the coming days, bullish sentiment is likely to gain momentum.

NEO

The other big move in today’s session was neo, which rose for the second consecutive session, rising over 15% in the process.

The token rose to an intraday high of $11.34 on Friday after a low of $9.54 during yesterday’s session.

This is the highest price NEO hit since June 13 when the token failed to break through the $14 resistance point.

Biggest Drivers: NEAR hits 6-week high on Friday, NEO expands on recent gains
NEO/USD – daily chart

NEO now it looks to be moving towards another ceiling, this time to $12, 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, the highest reading in three months.

As with NEAR, for today’s rally to continue, price strength must overcome current hurdles, which will then encourage more bulls to return to the market.

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Do you expect Neo to rise above $12 this weekend? Let us know your thoughts in the comments.

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Credit : news.bitcoin.com

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