NEO Archives - Coin Engineer

NEO Price Analysis: Key Support Levels and Possible Scenarios

Yigit Taha OZTURK — Thu, 03 Apr 2025 13:30:28 +0000

NEO has experienced a sharp decline from 8$ to 4.50$ on the 4-hour chart after losing its minor uptrend. This price movement necessitates a reevaluation of critical support and resistance levels.

Critical Support and Resistance Levels for NEO

The 4$ level is a crucial support zone for NEO. If this level is breached, the price could drop further to 3.50$.

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However, if 4$ holds as support and strong buying pressure emerges, NEO could rebound toward the Fair Value Gap (FVG) area. If it successfully surpasses this resistance zone, the price may extend gains toward 6$.

Technical Indicators: What Do They Suggest?

Support Levels:

4$: The primary support level; breaking below it could increase selling pressure.
3.50$: The next key support level if the downtrend continues.

Resistance Levels:

FVG Region (~5$ – 5.50$): The first resistance zone where selling pressure could rise.
6$: A potential target for bulls if momentum continues upward.

NEO/USDT pair 4-hour chart.

NEO’s price trajectory will be heavily influenced by its reaction at the 4$ support level. A sustained move below this level may lead to increased selling pressure, while holding above it could provide the foundation for a potential recovery towards 6$.

Investors should closely monitor 4$ and observe how NEO reacts around the FVG region. RSI and MACD can provide crucial signals on whether the trend is shifting.

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The Latest on Bitcoin and Cryptocurrencies: 9 January

Yigit Taha OZTURK — Thu, 09 Jan 2025 12:39:10 +0000

What’s the Latest in Bitcoin and Popular Altcoins? Will the Uptrend Continue? We’ve analyzed the key support and resistance levels, liquidations, top gainers and losers, upcoming events, and more for you!

Key Intraday Levels for Bitcoin

The BTC/USDT pair has lost 2.68% in the last 24 hours and is currently trading at $93,102. Bitcoin (BTC) has broken the previously highlighted $94,703 support level, undergoing a significant correction. Should it recover, the $94,703 level will act as resistance. Key support levels are $93,138 and $92,503.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Ethereum (ETH): The ETH/USDT pair has dropped 1.63% in the past 24 hours and is now trading at $3,300. Resistance levels for Ethereum (ETH) are $3,440 and $3,535, while support levels are $3,290 and $3,217.

Neo (NEO): The NEO/USDT pair has gained 5.41% over the last 24 hours and is trading at $15.10. Resistance levels for NEO are $15.80 and $17.05, with support zones at $14.77 and, if further declines occur, $13.55.

Dogwifhat (WIF): The WIF/USDT pair has dropped 13.36% in the last 24 hours, currently trading at $1.60. Resistance levels for WIF are $1.72 and $1.95, while support zones are $1.565 and $1.46 if the drop continues.

Movement (MOVE): The MOVE/USDT pair has seen a 10.90% decline over the last 24 hours, trading at $0.85. Resistance levels for MOVE are $0.925 and $1.02, while support zones are $0.83 and $0.74 for deeper corrections.

Trending Coins

The most trending coins in the market over the past 24 hours include Seedify.fund (SFUND), Butthole Coin (BUTTHOLE), and ai16z (AI16Z). Top gainers are Gas (GAS), Akuma Inu (AKUMA), and Siacoin (SC). On the other hand, the top losers list features ai16z (AI16Z), Swarms (SWARMS), and Fartcoin (FARTCOIN).

Bitcoin Liquidation Map

Looking at the 12-hour Bitcoin liquidation map, significant liquidation zones are:

$95,340 with a $33.52 million liquidation overhead.
$92,479 with a $13.21 million liquidation below.

The post The Latest on Bitcoin and Cryptocurrencies: 9 January appeared first on Coin Engineer.

What is GAS Coin?

admin — Fri, 09 Aug 2024 12:21:48 +0000

The NEO network has been one of the most talked-about projects in the cryptocurrency world, especially during the bull markets of 2018 and 2021. As we move into 2023, the NEO network continues to capture attention, but this time, the focus is on a different cryptocurrency—GAS Coin—marking the beginning of a new upward trend. So, what exactly is GAS Coin, and what does the future hold for it?

What is GAS Coin?

GAS Coin is one of the two main tokens of the NEO blockchain. Serving as an operational token, GAS plays a critical role in the NEO ecosystem by powering NEO’s smart contracts and other tokens. It is used to cover transaction fees on the NEO blockchain and ensures the smooth execution of smart contracts.

The Role of GAS Coin in the NEO Blockchain

The NEO blockchain is a platform designed for managing smart contracts and digital assets. Within this platform, GAS Coin provides the necessary energy (often referred to as “gas”) to facilitate transactions. GAS is essential for paying transaction fees on the NEO blockchain and for the successful execution of smart contracts. This functionality ensures that NEO users can carry out smart contracts and other transactions efficiently.

Use Cases and Features of GAS Coin

GAS Coin has several important use cases:

Transaction Fees: GAS is used to pay for the gas fees required for transactions on the NEO blockchain.
Smart Contracts: It provides the necessary energy for executing and operating smart contracts.
Incentives and Governance: GAS is also utilized in governance and various incentive mechanisms within the NEO network.

Who Founded GAS Coin?

GAS was developed by the founders of NEO, Da Hongfei and Erik Zhang. These two key figures are responsible for laying the foundation for both NEO and GAS Coin.

GAS Coin’s Market Performance

GAS Coin reached its all-time high on January 15, 2018, with a price of $97.49. Its all-time low was recorded on March 13, 2020, at $0.5991.

Supply and Circulation of GAS Coin

The total supply of GAS Coin is 65,127,948 tokens, representing the amount created and circulated on the NEO blockchain. The maximum supply of GAS has not been specified, indicating that future supply could be adjusted based on market conditions and the needs of the NEO ecosystem.

Future Outlook for GAS Coin

The future of GAS Coin is closely tied to the growth of the NEO ecosystem and the increasing interest in blockchain technology. As NEO strengthens, GAS Coin’s utility and value are likely to benefit as well. It remains a project that investors should keep a close eye on.

By understanding GAS Coin’s foundational role within the NEO blockchain, one can better appreciate its potential and strategic importance in the evolving landscape of cryptocurrencies.

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