• Flamingo (FLM) is a full-stack decentralized finance protocol built on the NEO blockchain.
  • Flaming.Finance will launch on September 25, allowing users to stake NEO and other coins to receive FLM tokens.

The Flaming project announced its launch back in August when NEO saw another 15% surge. Binance will be launching the FLM staking pool on September 27 and list the token one day later. There are only two supported pools, BNB and BUSD; however, the Flamingo website itself will allow NEO staking. 

NEO/USD daily chart

NEO price

NEO is one of the few cryptocurrencies to hold its daily uptrend and has been outperforming the rest of the coins since September. The price is currently fighting to climb above the 12-EMAat $21.52 after a 15% surge in the past 24 hours.

The next most important level of resistance is right at around $22. The MACD did turn bearish but could flip bullish again in the short-term considering the recent shift in momentum. The nearest support level was established at $18.60, followed by $15.93.

NEO/USD 4-hour chart

neo price

The 4-hour chart has clearly flipped in favor of the bulls after climbing above the 12-EMA. The MACD just turned bullish, and the RSIC has finally bounced after being overextended for more than one day. 

However, in the short-term, the price of NEO could go back down and re-test the 12-EMA at $20.63 before the next leg up towards $22. 

Traders need to look at the $22 resistance level as the key for NEO to re-test the 2020-high and $20.63 as the most critical support level in the short-term. 


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended Content

Editors’ Picks

Bitcoin reaches new highs near $90,000, on-chain data show chances of pullback

Bitcoin reaches new highs near $90,000, on-chain data show chances of pullback

Bitcoin hit a new all-time high of $89,900 on Tuesday before easing to around $86,000, following a 30% surge since November 5. Technical indicators suggest the rally may be overstretched, with a potential corrective pullback ahead. 

More Bitcoin News
GIGA investor loses $6M to phishing scam via fake Zoom link

GIGA investor loses $6M to phishing scam via fake Zoom link

On Monday, a Gigachad (GIGA) investor lost $6.09 million due to a phishing attack involving a fake Zoom link. Crypto investigation firm Scam Sniffer declared the scam that led the victim to a malicious site, compromising their wallet.

More Cryptocurrencies News
Tron, Avalanche and Uniswap: Double-digit gains on the cards, technical indicators show

Tron, Avalanche and Uniswap: Double-digit gains on the cards, technical indicators show

Tron is breaking above an ascending triangle formation on Tuesday, signaling a potential rally continuation. While AVAX and UNI are retesting their crucial support level — if supported, this suggests an upside move — all three altcoins look poised for double-digit gains as the crypto rally continues.

More Cryptocurrencies News
BNB: Bullish technical pattern validated, eyes all-time high

BNB: Bullish technical pattern validated, eyes all-time high

Binance Coin trades slightly down on Tuesday after breaking above an ascending triangle formation on the weekly chart, following a 12.5% rally last week. The technical outlook suggests a bullish breakout pattern and continuation of the rally, with a target set for a new all-time high of $825.

More Binance News
Bitcoin: Further upside likely after hitting new all-time high

Bitcoin: Further upside likely after hitting new all-time high

Bitcoin hit a fresh high of $76,849 on Thursday as crypto-friendly candidate Donald Trump won the US presidential election. Institutional demand returned with the highest single-day inflow on Thursday since the ETFs’ launch in January.

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP