Key Takeaways
- The NEO price closed the previous day’s trade at $19.03 with a market capitalization of $1.4 billion and a circulating supply of 70,538,831 NEO
- The price is revisiting the January 2022 low levels and appearing to be extremely bearish at the moment
- The asset may plunge hard and shed another 20% to 25% with another shaky move in the next couple of days
Neo(NEO) Technical-Analysis for Today: 14 March 2022
Neo price had smashed rock-bottom levels in the early trading hours but managed to regain the lost positions above $19 very quickly. Despite a significant uptrend, the asset maintains its trend within the danger zone, on the verge of losing yet another significant chunk of its value.
The technicals are turning bearish at the moment suggesting the price plunge down towards the local support. And hence after a minor consolidation, the asset is expected to regain the lost positions above $20 by the end of the day. Moreover, it may attempt to surge high to achieve critical resistance at $21.69.
Click here to read detailed technical analysis of NEO coin
NEO /USDT Technical-Analysis for Short-Term
Additional Read: Weekly Crypto Technical Analysis of Anchor Protocol, Spell, Shiba INU & other trending cryptos.
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