NEO Price Prediction Today: Daily (NEO) Value Forecast – July 23
- NEO/USD market has resorted to trading around the price ranges of $14 and $10 levels.
- A bearish reversal is expected to emerge around the $11 mark or between $10.50 and $10 price points afterward in the NEO/USD crypto-economy.
NEO/USD Medium-term Trend: Ranging
- Supply levels: $16, $18, $20
- Demand levels: $9, $7, $5
NEO/USD pair has resorted to trading around the price ranges of $14 and $10 levels after witnessing a downward trend lately in the market. The crypto-market started to move in the ranges since last formation of 4-hour candlestick on July 18 until the present trading session. The market has been hovering along the trend-line of the Bollinger Lower Band towards the south.
The 50-day SMA indicator is at $12 price level a bit below the Bollinger Middle Band. The Stochastic oscillators have penetrated into the oversold zone to suggest caution against further shorting attempts in this market.
There may still be slow sell trading activities that will see the market down in a retest bid of a low value at $10 point. After then, the bulls may potentially stage a come-back around that market level.
NEO/USD Short-term Trend: Bearish
There has been a small decrease in the market valuation of NEO/USD in the short-term run. Yesterday, the crypto’s trend was in a bearish outlook with a series of rang price movements in it. The Bollinger Bands are underneath the 50-day SMA trading indicator. And, they all bent slightly pointing to the south to attest that the market is in the control of the US dollar. The Stochastic Oscillators are consolidating around range 20 and in the oversold zone.
The market may soon run in featuring a series of range trending moves around $11.50 price level. A bearish reversal is also expected to emerge around the $11 mark or between $10.50 and $10 price points afterward.
Live Neo (NEO) Price:
1 NEO/USD =$98.3781 change ~ -2.36%
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