The Neo value prediction is dropping beneath the 9-day and 21-day transferring averages after touching the every day excessive at $6.71.

Neo Value Statistics Information:

• Neo value now – $6.62
• Neo market cap – $467.1 million
• Neo circulating provide – 70.5 million
• Neo whole provide – 100 Million
• Neo Coinmarketcap rating – #71

NEO/USD Market

Key Ranges:

Resistance ranges: $9.0, $10.0, $11.0

Help ranges: $5.0, $4.0, $3.0

After touching the resistance degree of $6.71 right now, NEO/USD is buying and selling at $6.62. The coin can also be transferring inside the channel and beneath the 9-day and 21-day transferring averages, indicating a bearish motion available in the market. In the meanwhile, the market value is transferring in the direction of the decrease boundary of the channel because the buying and selling quantity is issuing a promote sign, whereas the technical indicator confirms the bearish motion.

Neo Value Prediction: NEO Value Might Not Be Prepared for Increased Ranges

On the time of writing, the Neo value is sliding beneath the transferring averages as bulls couldn’t preserve the coin on the upside. Nonetheless, any try by the consumers to cancel the present bearish motion and push the Neo value again above the 9-day and 21-day transferring averages might revisit the resistance degree of $6.71.

Moreover, any bullish cross above the higher boundary of the channel could lead on the market to the essential resistance ranges at $9.0, $10.0, and $11.0. In the meantime, if the coin continues to move in the direction of the decrease boundary of the channel, the NEO value might attain the important helps at $5.0, $4.0, and $3.0 because the technical indicator Relative Energy Index (14) strikes to cross beneath the 40-level.

In opposition to Bitcoin, the Neo is buying and selling beneath the 9-day and 21-day transferring averages with a bearish candle heading towards the decrease boundary of the channel. The technical indicator Relative Energy Index (14) is transferring to cross beneath the $ 40 degree which might carry extra bearish indicators into the market. Any additional drop might probably hit the help degree of 360 SAT and beneath.

Nonetheless, any type of a rebound from the present degree at 397 SAT might push the coin to the resistance degree of 440 SAT and above. However consumers may have to assemble sufficient momentum to push the market value to the north. For now, NEO/BTC is transferring bearishly and will begin rising as soon as the technical indicator turns upward.

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