NEO Price Analysis – April 19
Resistance levels: $140, $150, $160
Support levels: $90, $80, $70
NEO/USD is resuming back in the middle of consolidation as the coin drops to near the $100. The price is now roaming around the $117.20 level. If the market continues the down-surge and squeeze, the, $95 is likely to surface in the next few negative moves. More so, the NEO/USD pair might further look for lower price levels if the bears continue to show commitment.
What to Expect from NEO
The market is currently following the upward movement trend as the technical indicator RSI (14) moves within the overbought region. Taking a look at the daily chart, we can see the trading volume is rising. If the NEO/USD pair continues to stay under the control of bulls, the price may bounce back to the resistance levels of $140, $150, and $160 levels. On the downside, if the coin moves below the daily low of $101.77, traders may expect the next support levels at $90, $80, and $70.
NEO/BTC Market: Price Remains at the Positive Side
Looking at the daily chart, NEO/BTC is bearish. The price formed a downward trend on the chart. It is at the upper support line of the channel consolidating. The bears are seen dragged the price towards the 9-day and 21-day moving averages, any further movement could take the coin to the support levels of 1600 SAT and below.
However, looking at the technical indicator RSI (14) on the daily chart, the signal line remains within the overbought region, showing that bears are still putting pressure on the bulls. Meanwhile, if the bulls can regroup and halt the downward movement, The NEO price may begin an uptrend and push the price to the resistance level of 2600 SAT and above.