Technical Analysis Crypto

Neo(NEO) Technical Analysis: NEO Price Bottoms Hard, Will it ever Rises Above the Odds?

NEO Coin Technical Analysis

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

Neo TA

Additional Read: Weekly Crypto Technical Analysis of Anchor Protocol, Spell, Shiba INU & other trending cryptos.

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The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


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