{"id":82530,"date":"2023-11-09T09:24:59","date_gmt":"2023-11-09T14:24:59","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/is-it-too-late-to-buy-neo-neo-price-gains-34-as-a-fresh-new-telegram-casino-token-grabs-attention\/"},"modified":"2023-11-09T09:25:03","modified_gmt":"2023-11-09T14:25:03","slug":"is-it-too-late-to-buy-neo-neo-price-gains-34-as-a-fresh-new-telegram-casino-token-grabs-attention","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=82530","title":{"rendered":"Is It Too Late to Buy NEO? NEO Price Gains 34% as a Fresh New Telegram Casino Token Grabs Attention"},"content":{"rendered":"
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Leading Chinese layer-1 Neo has exploded in a massive +34% move, but as NEO price pushes up, is it too late to buy NEO?<\/p>\n

Known colloquially as \u2018Chinese Ethereum\u2019, NEO price has enjoyed a strong resurgence throughout the market-wide rally in \u2018Uptober\u2019.<\/p>\n

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Neo founder @dahongfei<\/a> has unveiled the details of an EVM-compatible sidechain, with plans for TestNet to launch at the end of the year. https:\/\/t.co\/6dCdV1entj<\/p>\n

\u2014 Neo News (@NEOnewstoday) October 28, 2023<\/a><\/p>\n<\/blockquote>\n

NEO\u2019s recent price action has been fuelled by a major announcement by founder Da HongFei on October 27, which revealed that NEO is launching sidechains that eliminate MEV activity and blockchain censorship \u2013 giving a use-case to NEO\u2019s settlement token GAS.<\/p>\n

NEO Price Analysis: As NEO Posts +34% Rally Move is It Too Late to Buy NEO?<\/strong><\/h2>\n

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As NEO price battles resistance, NEO is currently trading at a market price of $12.47 (representing a 24-hour change of -5.25%).<\/p>\n

This comes as NEO appears to have been rejected from a second-test of resistance at $15, a historic layer of resistance that rejected NEO price back in Mid-April.<\/p>\n

With a two-pronged rejection, technical structure weakens, suggesting that NEO price could be heading into a retracement move on the short-time frame.<\/p>\n

However, on the tail end of an impressive 136% rally from lower trendline support at $6.50, a proper retracement could be healthy \u2013 even in defiance of an ATH GAS to NEO balance.<\/p>\n

Lower supports abound following the significant pump, with $11.37 emerging as a likely support level, still +16% above the 20DMA (which undertook a golden cross on November 5).<\/p>\n

This would be timely for NEO\u2019s RSI, which has been overheated significantly for 16-days at a technically oversold signal (currently 73.28).<\/p>\n

While the MACD remains reflecting the bullish momentum behind the recent rally at 0.35.<\/p>\n

Overall, NEO looks bullish here \u2013 but overdue a period of retracement and consolidation to improve over-extended technical structure.<\/p>\n

NEO\u2019s upside target remains at $12.75 (representing a possible +3.85%).<\/p>\n

While downside risk stands at $11.37 (a potential loss of -10.68%).<\/p>\n

This leaves NEO price with a risk: reward ratio of 0.36 \u2013 a bad entry that would benefit from patience on the chart.<\/p>\n

But while NEO seems ripe for a retracement move, investors are flocking to a brand-new telegram casino token that is poised to replicate the success of leading GambleFi token Rollbit.<\/p>\n

Top Rollbit Alternative? This GambleFi Crypto Presale Just Accelerated Past $1.8M<\/strong><\/h2>\n

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As\u00a0Telegram trading bots and GambleFi dominate September\u2019s narratives, the TG.Casino ($TGC) presale is gaining significant attention \u2013 racing to $1,800,915 raised in just two weeks, here\u2019s why it should be on your radar.<\/p>\n

TG.Casino\u00a0isn\u2019t just another quick Telegram bot pump-and-dump it\u2019s an intricately crafted ecosystem that marries the thrill of the\u00a0crypto casino\u00a0world with the decentralized edge of blockchain.<\/p>\n

By being a fully licensed casino that integrates seamlessly into Telegram, which boasts over 700 million users, the reach and potential are undeniable.<\/p>\n

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The ease of use, amplified by a\u00a0no-KYC protocol, makes it an alluring proposition for both novices and crypto veterans with easy onboarding ensuring a seamless road to new user growth.<\/p>\n

With a range of offerings, from thousands of live\u00a0Telegram casino games, slot machines, and table games to an expansive sportsbook, ensures an immersive experience.<\/p>\n

And for those keen on kick-starting their journey, the 150% matched deposit bonus on the first deposit plus 500 free spins is the cherry on top.<\/p>\n

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From a security standpoint, users can rest easy \u2013 all data and funds are encrypted, ensuring robust protection against potential threats.<\/p>\n

While the $TGC token not only facilitates instant transactions but also serves as the beating heart of this dynamic ecosystem.<\/p>\n

Biggest GambleFi Presale TG Casino Presale: TG.Casino APY Outperforms NEO Price Pump