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NEO: Hong Kong's crypto interest is fueling the price

NEO's price is one of the biggest movers among the top-100 altcoins this trading week.

By Finst News
• 3 min read
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NEO: Hong Kong's crypto interest is fueling the price

NEO's price is one of the biggest movers among the top-100 altcoins this trading week.

The price of the Chinese blockchain NEO has recently jumped notably thanks to Hong Kong opening up to crypto trading. In the last 24 trading hours, NEO's price rose another 15%, and it's now about 67% higher than a week ago at $14.08 USD. The altcoin's price is doing much better than Bitcoin, which is trading around $25,000 USD.

Possible breakout?

If NEO can confirm its ascent and hold above $13.30, a breakout toward $17.80 could materialize in the short term. If buyers push past that level, the price recovery could extend to the last bull run high of $22.53. The upside target range for NEO is currently between $28.08 and $29.62.

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