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Introduction to NEO: A Smart Contract Blockchain
Despite ongoing market volatility, $NEO, a key player in the smart contract platform space, is demonstrating promising signs of a bullish rally. With a unique dual-token system and high transaction capacity, NEO stands out in the blockchain community.
Our latest analysis reveals bullish technical indicators and potential market movements. Join the discussion and gain deeper insights into how NEO shapes decentralized applications' future.
Read more about NEO's journey and its strategic position in the market on our blog 👉https://www.iconomi.com/blog/introduction-to-neo-a-smart-contract-blockchain
Good morning everyone,
What a choppy market we are in at the moment. BTC support levels are being tested pretty hard the last few days, ETF inflows have slowed down and Coinbase premium is turn negative as well.
In all honesty we thought we would see a break out of the current range earlier. It looks like there are still some people panic selling before we can continue up.
Looking at the open short positions there is just way too much to be liquidated if we reach the 70k level again. But before we can look at that the overall market sentiment needs to be improved. Fear of the U.S. getting into a stagflation scenario are returning diminishing hopes of an early reduction in interest rates.
Looking at our last post we can see the expectation of dip after the halving is playing out at the moment. Historically, the bull run comes after.
It has been said a few times and might sound like a broken record, but patience will be rewarded even if there is some pain right now. Hang in there, don't be tempted to sell at these levels.
All the best out there and a good day to all.
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