NEO News

Neo Seems to Have Started a Bullish Journey, May Touch $12 Soon

Neo has been partnered with KardiaChain to provide interoperability. The interoperability will be done through KardiaChain’s cutting-edge Dual Node technology. Neo is KardiaChain’s first association for providing interoperability.

KardiaChain said that it would forge more such associations in the near future. The “ECO Partnership” will witness KardiaChain’s and Neo’s technical team’s participation for smooth transition and adaptation.

Neo has also come up with its monthly report of June. On the protocol development front, NEO has started merging the state root functionality codes and been done with the integration of the new index synchronization method. It is likely to increase the synchronization speed of the block significantly. It has also announced being one of the five founding sponsors of InterWork Alliance (IWA) – a platform-neutral, non-profit organization.

Neo Price Analysis

NEO Price News
NEO/USD Chart By TradingView

Neo began the year with a bullish outlook at $8.63 and got a push to $16.73 by the mid of February. However, the global economic conditions started worsening from that point. In a month, the price slipped to $3.92. As the momentum began increasing, Neo witnessed a gradual recovery. By the June 01, it reclaimed its position above $12.

At the time of penning down, Neo coin was being traded at $10.84. The MACD hints at a bullish crossover. We may experience a surge in value in the next few days. However, the value going beyond $13 seems unlikely.

Daniel Garza

Daniel Garza is well-known for his writing skills and works as a lead content writer in our team. He also has a deep interest in cryptocurrency funds and guides people on how to deal with a cryptocurrency exchange.

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