The NEO coin depicts a symmetrical triangle pattern and intends to breach the downward sloping trendline hurdle at $15 shortly. The coin is trading in the bullish trajectory and is sustaining gains above the key moving averages. Recently, the coin retested the 50 day EMA mark and a rebound was noted. Amidst the crypto market downturn and profit booking sentiments, the NEO coin decisively held the gains, reflecting a bullish outlook.
At press time, the Neo coin (NEO) price was trading at $15.44 with an intraday gain of 1.67%, reflecting a bullish stance on the charts. It has a monthly return ratio of -11.66% and 28.90% on a yearly basis. The pair of NEO/BTC is at 0.000224 BTC, and the market cap is $24.79 Million. Analysts are neutral and suggest that the NEO coin price may resume to deliver the bullish waves and will retest the $20 mark soon.
NEO Coin Price Volume Profile On Daily Charts
The Neo coin price has holded the gains and is trying to gain momentum above the $16 mark. The trend is neutral and the coin is displaying buyers’ accumulation on the charts. The intraday trading volume dropped by over 45% to $24.93 Million.
Price Volatility & Weighted Sentiment Outlook
The price volatility data reflects a fall to the 0.054 mark, signifying neutral investor interest and uncertainty. However, the weighted sentiment data looks positive and stayed around 0.765.
Social Dominance & X Followers Overview
The social dominance data looks average and stayed below the midline, noted at around 0.102% and reflecting a neutral outlook. The X followers data remained near the midline, staying around 249.
What Does Open Interest Data and Development Activity Indicate?
Per the Sentiment data, the development activity delivered a consistent drop to 38, reflecting a negative outlook. However, the derivative data signifies a long buildup activity and the open interest data surged over 1.23% to $21.56 Million.
Per the Fib levels, the Neo coin price has decisively sustained above the 50% zone and is trading in the bullish territory. The RSI curve stayed close to the midline and a convergence with the RSI line and signal line was noted.
The total supply of the Neo coin is 100 million, whereas the volume-to-market cap ratio is 0.0228, and it stands at 105 per the market cap in the global crypto market.
Summary
The Neo coin price signifies bullish trend and is ready to skyrocket gains above the $16 mark. Amidst the market down move, the Neo coin price holds the gains and is delivering the buyers accumulation on the charts.
Technical Levels
Support Levels: $14 and $12
Resistance Levels: $18 and $20
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
