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some analysts and market experts are confident that the rally will continue and the leading cryptocurrency can hit the $100.Scaramucci said Bitcoins limited and fixed supply and the increase in demand every month play to the cryptocurrencys advantage

NEO price outlook on the daily chartNEO price breached multiple resistance levels as it traded within an ascending parallel channel on the daily chart.NEO price outlook on the 4-hour chartThe NEO/USD pair on the 4-hour chart is trading below both the 20 SMA and 50 SMA to suggest the bearish picture seen over the past several days remains.Source:TradingViewThe 4-hour time frame suggests theres a strong support near $51 and the long body of the candle indicates growing buy-side pressure.

an invalidation of the negative setup could see buyers target the 20-day simple moving average (SMA) at $54.The lack of volume and the sloping RSI also suggest that NEO prices might be vulnerable to a fresh decline.

with a potential for further losses if the price falls below the triangles horizontal support line near $51.

Source:TradingViewThe current daily candle also shows bulls are trying to buy the latest dip but may need a little more volume to surmount the bearish challengeMany power users also swear by Vivaldi.

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