- NEO coin price over the monthly chart is trading near the major moving averages of 100 and 200-day lines, while trying to sustain above the 20 and 50-DMA lines.
- The digital asset is tying to suppress its important moving averages, after a strong rally from the lower levels and volume activity is lower.
- The pair of NEO/BTC is trading at 0.0008631 BTC with a positive gains of +1.18%, and the ratio of NEO/ETH is CMP at 0.01314 ETH with an intraday change of +1.85%.
NEO coin is trading near the critical moving averages, after a sharp rally from the lower levels. Volume over the montly chart is also recorded below its average volume line, which needs to increases in upcoming trading sessions. However, the digital token is facing minor rejection at higher side and breakout above the vital DMA lines will encourage confidence of Bulls.
Once NEO, sustains above the all DMA lines with supportive volume action will create another lap of bullish momentum. Presently, the coin is moving sideways and no sign of clear trend is expected. Support on the lower side is $41.45 and $35.75, whereas resistance on the higher side is $49.90 and $53.20.
NEO coin price at the weekly chat is trading under the bullish note
NEO coin price at the weekly chat is trading under the bullish note, while making higher highs and lows. Meanwhile, volume activity over 4-hour time frame is lower and needs to grow strongly for a upcoming positive rally. The digital asset is presently, trading under the upper band of the Bollinger Bands (BB) and the RSI is gradully heading towards the higher levels. NEO is trading at $47.33 with an intraday gain of +2.65%, and the volume to market cap ratio is 0.09096.
Relative Strength Index (NEUTRAL): NEO coin RSI is trading flat and trying to move high, after testing the higher levels. The coin is trying to move towards the higher zone with no sign of significant move and CMP at 59.
Bollinger Bands (NEUTRAL): The coin is CMP under the upper band of the Bollinger Bands and trying to hold its base line. While, the band is also coming closer and either side a sharp move in upcoming trading session is expected.
Support levels: $41.45 and $35.75
Resistance levels: $49.90 and $53.20