- NEO coin at the monthly is trading under the symmetrical triangle pattern, while placed just above all vital moving averages.
- With average volume activity, the crypto asset is presently trying to sustain above its major moving averages of 20, 50, 100, and 200-day lines.
- The pair of NEO/BTC is trading at 0.0007374 BTC with a minor intraday drip of -1.02%, and the ratio of NEO/ETH is CMP at 0.01015 ETH with a little 24-hour change of -0.29%.
NEO coin over the monthly chart is placed just above its major moving averages of 20, 50, 100, and 200-day lines. Meanwhile, the volume activity has been average for the past few weeks and recorded near its average volume line. NEO token gets a rejection from the higher resistance line, and it fails to give a positive breakout from the pattern. The sustainability above its all vital DMA lines, with positive volume activity, will create the next lap of bullish momentum.
Volume activity over the chart is average and needs to grow strongly for a positive breakout from the pattern. Support on the lower side is $43.05 and $38.15, whereas resistance on the higher side is $53.50 and $66.75.
NEO coin is trying to recover after a gradual decline from the higher levels over the weekly time frame
NEO coin is trying to recover after a gradual decline from the higher levels over the weekly time frame. The technical parameters are getting flat near the neutral zone, and a short-term bounce back is expected over the weekly chart. Volume over the chart is lower and needs a substantial increment in upcoming sessions to $50. NEO’s price is trading at $47.28 with an intraday drop of -1.86%, and the volume to market cap ratio is 0.08718.
Relative Strength Index (BULLISH): NEO coin RSI at the weekly chart is getting flat near the neutral zone. The coin is trying to move higher after selloff from higher levels and RSI at 43.
Moving Average Convergence Divergence (BULLISH): The daily chart projects a bearish trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) is heading towards the seller’s line (red) for a positive crossover.
Support levels: $43.05 and $38.15
Resistance levels: $53.50 and $66.75.