Price Analysis

NEO Gives a Fresh 90-day Low as it Gains all Imminent Supports

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NEO, at the time of writing, was trading at $9.66 on Bitfinex. NEO/USD takes an impressive move as it rises by over 38% from the 90-day lowest hit at $6.96. The intraday movement has been quite impressive as the coin hits a fresh 30-day high at $9.91. Alongside, the trading volume and the market cap of the coin has also seen a notable growth.

NEO price trend is currently showing a stable yet up trending movement. At the time of penning down this article, the coin was rising above 61.80% Fib Retracement level. The current price is also gaining momentum as it is rightly supported by all the imminent daily moving averages.

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NEO Price Analysis

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NEO/USD Chart By TradingView

Analyzing the 5-hourly movement of NEO/USD, we see that the coin is seen rising after a month-long of the stable move. In the discussed time frame, NEO price has soared as high as $13.47 and if the coin continues to trade with the same momentum, we believe that the coin can retest the given 90-day high. The 20-day Bollinger Bands laid project moderate volatility as the bands are seen widening as the candlesticks break through the upper Bollinger Band. Having a confirmed bullish trend, the coin is even expected to rise above the 50.0% Fib Retracement area.

Technical Indicators:

NEO Coin News

The technical indicators laid confirm the intraday bullish move as the coin gives a fresh 30-day high at $9.9. The MACD of NEO is seen rising above zero and holds a bullish divergence as it moves above the signal line.

The RSI of the coin is at 65.40 and holds an overbought momentum as it had touched 70 and is seen returning to the range, at the time of writing.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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