NEO/USD is one of the worst-performing coins out of top-20. The recovery potential is limited. NEO is the 17th largest digital asset and one of the biggest losers of top-20 both on a day-on-day and a weekly basis. NEO/USD has lost over 6% since this time on Sunday to trade at $8.46 at the time of writing. NEO, also known as a Chinese Ethereum, has been struck during this crypto winter. The coin has lost nearly 95% of its value since the peak at $195.00. While NEO/USD managed to recover from December 2018 low at $5.4, the recovery process still struggles to gain traction as we will need to see a sustainable move above $10.00 for the upside momentum to gain traction. The first critical barrier is created by DMA200 at $12.40, though the recovery above that level looks unlikely at this stage as the daily Relative Strength Index (RSI) points to the South. The overall bearish sentiments on the cryptocurrency market also seem NEO bulls in check. Meanwhile, speaking at NEO DevCon 2019, NEO co-founder Erik Zhang described the features and potential improvements of NEO 3.0 protocol. He explained that the primary goal of the protocol is to create a decentralized platform for large-scale commercial applications that will promote the development of a smart economy. NEO/USD, 1D chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EUR/USD has limited room to rise after the Sunday gap was closed Yohay Elam 4 years NEO/USD is one of the worst-performing coins out of top-20. The recovery potential is limited. NEO is the 17th largest digital asset and one of the biggest losers of top-20 both on a day-on-day and a weekly basis. NEO/USD has lost over 6% since this time on Sunday to trade at $8.46 at the time of writing. NEO, also known as a Chinese Ethereum, has been struck during this crypto winter. The coin has lost nearly 95% of its value since the peak at $195.00. While NEO/USD managed to recover from December 2018 low at $5.4, the recovery process still… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
