NEO Cash Technical Analysis: NEO/USD saved yet again by strong demand zone, but further testing may expose it to plummet

• NEO price remained on the back foot Monday, with losses almost up to 4%.
• NEO/USD was saved from further downside from a strong near-term demand zone, $31.40-32.15.

NEO/USD 60-minute chart

Spot rate:                    32.21

Relative change:        -3.80%

High:                           33.50

Low:                            31.37
 

Trend:                         Bearish

Support 1:                  31.37, 24th July & today’s (Monday) low.  

Support 2:                 30.30, 12th July low.

Support 3:                  30.00, psychological support.  

Resistance 1:             32.84,  (resistance on 60-minute chart).  

Resistance 2:             33.87,  (resistance on 60-minute chart).  

Resistance 3:             34.75, supply zone entrance.