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NEO Price Analysis: Recently formed pattern of outside up marked the high at $48

NEO Price
  • NEO has a current circulating supply of 70,538,831 NEO coins and a max. supply of 100,000,000 NEO coins.
  • The token has shown the pattern of three outside up in the last 24 hours.
  • The RSI oscillator for NEO shows the BUY action.
Tradingview

The last known price of the token, NEO, is 46.29 and is up by 4.04% over the last 24 hours. It has the current trading volume(s) of 386,339, with a loss of 9.85% over the last 24 hours. NEO has total transactions of 87,500,199 with active blocks of 7,794,546 in the last 24 hours and has wallets addresses of 2,860,500.

The chart above shows the movement of NEO where 200 DMA has been running below it, and even DMA-50 is below it. We see the token with respect to SMA’s, which are 20, 50, and 200, and it is SMA-20 which is ahead of one(SMA-200) SMA and also above the other(SMA-50). We see an upwards pattern where the bulls’ win is visible. The trend line marked shows this downwards shifting. The candles forming now are about to touch the level of SMA-50, and once it settled down to SMA-50 at $44.08, we could expect a hike in price.

An RSI oscillator is also present in the chart, which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 53.383 and marks the neutral action. MA-5, MA-10, and MA-20 show the buy action. Even MA-100 and MA-200 show the same buy action. However, the NEO at present is all set to sell.

The bull/bear power has the value of -0.0017 and shows the sell action. The high/low marks the neutral action with the value of 0.0000.

The NEO-BTC pair is trailing at the level of 0.001014, and the gain of 0.52% was seen, whereas the NEO-ETH pair is trailing at the level of 0.01484 and the loss of 1.16% was seen in the last 24 hours. The volume/market cap of the token is 0.1185, and its market dominance is 0.18%.

Conclusion: The days range for the coin is 43.727-46.941 and presently is at 46.244. The 24 hours high and low of the coin is 46.91 and 43.83 respectively. We observed that the candles forming now are going higher and in the coming time it will be moving higher. As the retracement is taking place, crypto holders are showing interest in it.

Technical Instruments:

Pivot: 45.946

R-2: 46.127

R-2: 46.239

S-1: 45.765

S-2: 45.653

Note:

  • The unit is USD
  • SMA-20: Green colour
  • SMA-50: Red colour
  • SMA-200: Blue colour