NEO Technical Analysis
Key Insights
- Since Spring 2022 the asset experienced a support level at $6.04 and a resistance level at $14.83, with trading volume confirming this trend.
- By the end of February, NEO breached the resistance level at $14.83, reaching a local high of $23.85 before undergoing a correction phase.
- We can see the potential for a rebound and further upside in NEO's price.
As of writing, NEO ranks 77th on CoinMarketCap with a market capitalization of $1,047,081,980.
NEO Tech Analysis
Since Spring 2022, the prices of the asset have fluctuated within a wide range, indicating an accumulation phase. The support level marked by the minimum price was $6.04, while the maximum price and resistance level reached $14.83. This trend was confirmed by the high trading volume.
At the end of February, the price broke through the resistance level at $14.83 and reached a local high at $23.85. At the moment, the asset is in the process of correction, testing the mirror support level, confirmed by the volume profile.
NEO Price Prediction
If the asset price holds above the support level at $14.80 and also above the 200-day moving average, and if it is confirmed by the volume profile, we can expect a rebound and further upside above the local high.
If the local high at $23.85 is overcome, a continuation of the uptrend to new highs is likely.
Users can get NEO for fiat or crypto on SimpleSwap.
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