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NEO Price ‌Analysis:‌ Neo Price Breakout Above All DMA’s lines 

NEO Price
  • Neo price over the monthly chart has given breakout above the previous highs of daily candles with slightly higher volume activity. 
  • The crypto asset is trading above all major moving averages of 20, 50, 100, and 200-day lines while finding good support for short-term moving averages of 20 and 50-Day lines. 
  • The pair of NEO/BTC is trading at 0.00106 BTC with an intraday gain of +3.79%, and the ratio of NEO/ETH is CMP at 0.01513 ETH with a 24-hour change of +2.16%.
Tradingview

Over the monthly chart, Neo price is projecting solid bullish momentum. In contrast, the coin suppresses its previous day’s highs and the vital moving averages of 20, 50, 100, and 200-Day. The digital asset is trading on a positive note with good bullish momentum, and as a result, the coin is trading near its monthly highs. The recent buying interest pulls the token towards its monthly highs, but the volume over the chart is slightly lower. Volume activity over the monthly chart is lower and falls below the average line, which needs to increase. Support on the lower side is at $40.60 and $33.45, whereas resistance on the higher side is $52.15 and $72.00.

Neo price over the weekly chart is trading under strong bullish momentum

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Neo price over the weekly chart is trading under strong bullish momentum, as it cleared its previous highs. The technical setup is projecting a bullish momentum as the coin gains momentum from lower levels. Gradually the coin reaches near the overbought zone and volume action at the 4-hour time frame is very low. Presently, Neo coin price is trading at $48.37 with an intraday gain of +4.93%, and the volume to market cap ratio is at 0.1739.

Relative Strength Index (BULLISH): Neo price RSI is presently trading on a bullish note over the weekly chart. In contrast, after testing the lower levels, the RSI is heading slightly higher and now CAMP at 61.    

Moving Average Convergence Divergence (BULLISH): This currently indicates a bullish or positive trend on the daily chart. The buyer’s signal line (blue) overpowers the seller’s (orange) with a positive crossover. 

Support levels: $40.60 and $33.45

Resistance levels: $52.15 and $72.00.