- The NEO coin price struggles below the 55-EMA during intraday
- The 24-hour trading volume is at $268 million.
- NEO/BTC pair is trading positive by 2.7% at 0.00071215 BTC.
On the daily price chart of the NEO coin, The Moving Average (EMA), which includes the 8,13,21,55 EMA, acts as reliable support for currency price movements. Investors may notice price moves below the yellow line, ensuring a NEO downtrend until the price resides below the EMA’s.
Trading volume (249.247 K) is close to the 20-day moving average (391.689 K). The volume is high and increasing, so the cost is moving upside. Investors may also notice a decrease in volume. This indicates that unusual fluctuations are standard on the following trading days.
NEO Coin Pullbacks From The Support Zone
NEO coin daily price charts show an uptrend. Based on the price action, the support range is $35 – $40. On the flip side, the resistance area you should be looking for is $60 – $65.Therefore, the chart shows a bullish harami candlestick pattern during the day.
The RSI showed a 49 (neutral) signal, Expecting to be flat in the short term. Investors may find that the RSI line is lying flat on the indicator. It may arise in the coming trading days.
The MACD shows a (bearish) cross below the signal line on October 27th, indicating a sell signal for the currency. In addition, investors can see the end of red bars in the histogram indicator.
Conclusion
NEO is currently trading at $43.77 on a 24-hour trading volume of $268,308,032. NEO coin prices have increased 2.2% in the past 24 hours. There are 71 million NEO coins in circulation, for a total of 100 million coins.
RSI shows a neutral, and MACD indicates a sell signal. Traders have directed high volume. In fact, the cost has bounced from the support zone. A market overview also shows that this pattern will continue to rise in the coming trading days.
Resistance Level: $60- $65
Support Level: $35- $40
