Neo (NEO) Exhibits Two Parabolic Falls Over a Day

Technicals Show Mixed Signs for Neo Coin

eToro
  • NEO has recently formed a dip at $5.40, and it is now eyeing for a recovery
  • Since yesterday, the coin has been trading above $5; it has faced rejection at $5.90
  • RSI and MACD are in the bullish zone while moving averages are still showing a negative picture
  • On March 13, Neo price has dipped even below $4.80 amid crashed crypto market

Most of the crypto market has severely been hit by the recent bearish pressure on March 13, and now the market is facing a strong downward pull. In this scenario, NEO is also hustling to halt the ongoing price decline.

Neo coin opened yesterday at $5.41, and from here, it has surged for half of the day. The price could reach as high as $5.90, and then it pulled back below $5.5 sharply. As it found a support level there, it again started an uptrend and managed to sustain its recovery till the price reached $5.79.

eToro Crypto
NEO Price News
NEO/USD Chart By TradingView

The currency saw a few downward corrections before it closed at $5.66. Today, the currency has resumed the price fall, and the sharp decline has taken the coin as low as $5.40. Recently, it started price rebound has taken the coin just a bit high as $5.47.

Notably, the Neo price is well below the EMA line and the SMA lines. The short-term SMA line is below the longer one noting a negative price move. RSI and MACD indicators are in the positive zone as RSI is at 48, and MACD is set to enter the bullish area.

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on the world's leading digital currencies.

Related Articles

Back to top button