NEO Price Prediction Today: Daily (NEO) Value Forecast – June 27
- The NEO/USD market's bulls may potentially still muster their energy around the $16 mark.
- Meanwhile, the bears may not be able to sustain downward price movements below the aforementioned horizontal point.
NEO/USD Medium-term Trend: Bearish
- Resistance levels: $22, $24, $26
- Support levels: $14, $12, $10
About a couple of few days until June 26, the market worth of NEO/USD notably moved in a bullish outlook. Most of the 4-hour candlesticks that featured on the aforementioned trading date were in a range around $20 mark.
Today, the US dollar has dominated the market by pushing it down to a low point at $16. As at now, the market may witness a pit stop. And, in the course of that, the counter currency needs a strong breakdown of the $16 where both the Bollinger Lower Band and the 50-day SMA are found. The Stochastic Oscillators still slightly point to the south.
Three trading lines have been in the NEO/USD trade. And, they are $20, $18, and $16 price levels. The bulls may potentially still have the possibility to muster their energy around the $16 smallest price points, especially a spike occurs in the process.
NEO/USD Short-term Trend: Bearish
The NEO market worth has been on the note of outweighing the valuation of the US dollar today in the short-term run of the crypto-trade. The pair was in a bullish trend yesterday. But, towards the end, it finished as a dropping market. About a few hours, the market touched a point at $20 and was resisted to drop in value briefly past $17 horizontal line. The Bollinger Middle Band and the 50-day SMA are located around $19. The Stochastic Oscillators now bent southward toward range 40.
The NEO/USD market may now continue to be under falling pressures below the $20 horizontal mark. Meanwhile, the bears may not be able to sustain downward price movements below the aforementioned horizontal point.
Live Neo (NEO) Price:
1 NEO/USD =$37.8352 change ~ 4.51%
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