Upbit Announces GAS Airdrop Payment for NEO Holders

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2 days ago

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GAS Airdrop Confirmation: Upbit has confirmed the GAS airdrop payment for the fourth week of May to eligible NEO holders, indicating the exchange's ongoing support for NEO-based distributions, which enhances user confidence in the platform.
Eligibility Requirements: The payment applies to Upbit users who held NEO during the qualifying period, and users must log into their accounts to verify whether the GAS tokens have appeared in their transaction history or asset balance to ensure accuracy.
Processing Times and Support: Airdrop credit processing times may vary, and users who do not see the payment reflected in their accounts should refer to the notice for any stated timelines or contact Upbit's support directly, avoiding reliance on third-party interpretations.
Market Impact and User Decisions: As one of South Korea's largest cryptocurrency exchanges, Upbit's consistent GAS distribution record may influence NEO holders' asset allocation decisions across platforms, prompting users to monitor future announcements for any changes to the distribution schedule.

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Technical Analysis for NEO

Technical Sentiment Analysis for Neo (NEO). As of , Neo (NEO) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for NEO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, NEO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Neo (NEO) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	2.015	2.236	2.466	2.687	2.917	3.138	3.368
Fibonacci	2.236	2.408	2.514	2.687	2.859	2.965	3.138

About NEO

Neo bills itself as a “rapidly growing and developing” ecosystem that has the goal of becoming the foundation for the next generation of the internet — a new economy where digitized payments, identities and assets come together.Initially known as Antshares, this project was believed to be China’s first-ever public blockchain when it was launched in February 2014. The open-source platform subsequently rebranded to Neo three years later.As well as creating a worldwide community of developers who create new infrastructure for the network and lower barriers to entry, the team behind this project operate an EcoBoost initiative that’s designed to encourage people to build decentralized apps and smart contracts on its blockchain.It’s often been likened to the Chinese version of the Ethereum network.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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