The Neo Market (NEO/USD) Is in an Uptrend
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The Neo market is in an uptrend, and the market bias still remains bullish as the price is approaching the $10.00 price mark. The bullish trend began on June 10 after the market hit the low of $6.962; the Neo bull market issued from there. It has been upward-bound since then, even though it has struggled at some major resistance levels along the way.
The Neo Market Data
- NEO/USD Price Now: $9.652
- NEO/USD Market Cap: 680,228,504
- NEO/USD Circulating Supply: 70,538,831
- NEO/USD Total Supply: 100,000,000
- NEO/USD CoinMarketCap Ranking: #66
Key Levels
- Resistance: $10.00, $10.50, and $11.00
- Support: $8.00, $7.50, and $7.00.
Price Prediction for the Neo Market: The Indicators’ Point of View (NEO in an Uptrend)
The Bollinger Bands indicator now portrays the Neo market price channel, with its two standard deviation curves, as uptrending. The lower band, the upper band, and the 20-day moving average are moving in an upward direction.
Also, the volatility is on the high side. The rough difference between the support level and the resistance level in this market is around $3.00. It has a considerable amount of trading volume and investors’ interest. Although the volatility is high, the Neo bulls are having the upper hand, and the $11.00 price level might be the next stop for the market.
NEO/USD 4-Hour Chart Outlook
On the first day of July, the Neo market was propelled by the bulls to the edge of the $11.00 price level. At that point, a strong bear market was triggered, and the price was sent back to the equilibrium level. Bulls were able to secure a strong demand level at $9.44, with which they were able to halt the bearish progress. Currently, the market is ranging sideways around this level, even with the high level of investor interest.
