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- NEO prices are reflecting heavy bearish momentum, showing signs for further downfall in the prices of the cryptocurrency as NEO is failing to maintain.
- The NEO/BTC pair is performing positively with the gain of -0.87% bringing the level to 0.00106476.
The NEO bulls had the strong support of $7.20, which was tested to its core on and on and finally along with the market bears prices did break down this level as NEO prices acquired heavy negative momentum. There were chances that this support level can be the key figure to but a halt on the fall and to acquire a rise but all this went in the opposite direction. As support level was not able to hold the prices, and now they are in bearish dominance.
The prices managed to climb once above the level of $7.20 but fall quickly back and failed to make a recovery. Prices are chasing after the crucial resistance level of $7.70 which pushed them down and lead to today’s prices fall against the price level crucial resistance level. As they are unable to find stability above the level of $7.50 to maintain the climb.
The market capitalization of NEO is USD 505,140,902 with volume traded of USD 396,979,593 and a circulating supply of 70,538,831 NEO.
NEO Price Analysis
The technical chart indicates that bears are taking back the market from the bulls and emerging with a strong presence, the chart also indicates that current stats can be an indication for further downfall as there are sharp negative divergence is in the aspects.
NEO prices are again falling to bearish zone as are trying their best to stop themselves from falling below after losing their crucial support level of $7.20
MACD level indicates that there is a heavy increase in the selling of NEO which is a bad sign for the altcoin.
24hr-RSI falling towards the heavy bearish zone from the bullish zone in the buying level, currently it is trading right below the level of 50 with a negative divergence.
The 24hr-CCI has entered the normal zone only to again develop a tendency to fall again as it again acquired negative momentum at the bottom of the normal region.
Resistance Level: $ 7.30
Support Level: $ 7.10
