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NEO Price Analysis: Candles formed yesterday lost the rally continued since July

  • 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 inside down in the last 24 hours.
  • The RSI oscillator for NEO shows the SELL action.
Tradingview

The last known price of the token, NEO, is 50.0100 and is down by 20.04% over the last 24 hours. It has the current trading volume(s) of 1,171,728,030 with a gain of 29.85% over the last 24 hours. NEO has total transactions of 97,866,199 with the active blocks of 7,941,546 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 one(SMA-200) SMA and also above the other(SMA-50) in a four hours time frame. We see an upwards pattern where the bulls win is visible. Although the candles are well below. The trend line marked shows this upwards shifting. The candles forming now are about to touch the level of SMA-200 and we could expect a hike in price in the coming time.

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 36.819 and marks the sell action. MA-5, MA-10 shows the buy action whereas MA-20 shows the sell action. Even MA-100 and MA-200 show the same sell action. However, the NEO at present is all set to sell.

The bull/bear power has the value of -0.1017 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 0.00108 and the down of 9.52% was seen whereas the NEO-ETH pair is trailing at the level of 0.01484 and the loss of 9.16% was in the last 24 hours. The volume/market cap of the token is 0.3322 and its market dominance is 0.18%.

Conclusion: The days range for the coin is 43.727-63.941 and presently is at 49.344. The 24 hours high and low of the coin is 63.56 and 44.18 respectively. We observed that the candles forming now are going down and in the coming time it might be moving higher. As the retracement is taking place, crypto holders are showing interest in it.

Technical Instruments:

Pivot: 50.3100

R-2: 50.9365

R-2: 51.3235

S-1: 49.6835

S-2: 49.2695

Note:

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