Präis Neo analysis shows a continued bearish sentiment as Neo prices consolidate below the previous support of $12.00. Prices have currently set a new support level at $11.00 while they face resistance at the $12.36 mark. The market is expected to see lower prices as the bearish pressure continues.
The market is currently trading at $11.16. NEO prices have been under immense bearish pressure as the cryptocurrency market corrects lower. Prices had surged to highs of $15.00 as investors bought the dip in the market. However, since then, prices have been on a steady decline and are currently consolidating below the $11.00 level. The market capitalization is currently at $787,497,127, and the 24-hour trading volume is at $108,410,543
Neo price action on a 1-day price chart: NEO/USD prices consolidate
Den 1-Dag Neo-price Analyse Präisdiagramm weist datt d'Präisser kämpfen aus dem erofgaang Dräieckmuster ze briechen, deen zënter Ufank Mee geformt gouf. De Maart gëtt erwaart eng Konsolidéierung an der nächster Siicht ze gesinn wéi d'Bullen a Bieren kämpfen fir d'Kontroll vum Maart. D'Präisser hunn Ënnerstëtzung um Niveau vun $ 11.00 fonnt a sinn am Moment géint Resistenz op $ 12.36.
The RSI is currently in the oversold territory, but there is scope for further downside. The RSI line is residing at the 29.00 level and is currently trending in the downward direction. The MACD indicator is also bearish as the signal line is above the price line. The current market price is trading well below the 50 and 100-day EMA levels, which is a bearish sign.
Neo price analysis on a 4-hour price chart: Resistance at $12.36 is currently limiting upward momentum
Präis Neo analysis on a 4-hour price chart shows that prices have been consolidating below the $12.36 resistance level after a sharp decline from the highs of $15.00. Prices are currently trading close to the lower boundary of the descending triangle pattern and are expected to see some consolidation in the near term. The market is expected to remain bearish as long as prices are trading below the $12.36 level.
The MACD line is currently above the signal line, which is a bearish sign. The RSI indicator for NEO/USD is currently at the 37.00 level and is trending in a downward direction. The current market price is trading well below the 50, 100, and 200-day EMA levels, which is a bearish sign
Neo Präis Analyse Conclusioun
Präis Neo Analyse fir haut weist e bearish Maartsentiment un wéi d'Präisser méi niddereg op d'Ënnerstëtzungslinn falen. D'Bieren hunn e festen bearish Trend etabléiert wéi de Maart op den Nodeel verännert. Déi technesch Indikatoren ënnerstëtzen och de bearish Trend um Maart. D'Präisser ginn erwaart weider erofzegoen wéi de Verkafsdrock verstäerkt. Déi Schlëssel Ënnerstëtzungsniveauen fir oppassen ze sinn $11.00 a Resistenz ass bei $12.36.
Disclaimer. D'Informatioun gëtt net Handelsberodung. Cryptopolitan.com hält keng Haftung fir Investitiounen déi gemaach ginn op Basis vun der Informatioun op dëser Säit. Mir recommandéieren onofhängeg Fuerschung an / oder Consultatioun mat engem qualifizéierte Beruff ier Dir Investitiounsentscheedunge maacht.
Quell: https://www.cryptopolitan.com/neo-price-analysis-2022-05-23-2/