NEO/USD dives below $10.00 amid global sell-off on the cryptocurrency market. The initial resistance is created by SMA50 on a daily chart. NEO. the 17th largest cryptocurrency with the current market value of $560 million, has lost 13% of its value in recent 24 hours. NEO is one of the worst is the best-performing altcoin out of top-20 on Monday. At the time of writing, NEO/USD is changing hands at $8.52, off Monday’s low registered at $8.40. NEO/USD, the technical picture Looking technically, NEO/USD reached the lowest level since the end of October. The price dropped below both SMA50 (Simple Moving Average) and SMA100 on a daily chart, which is an ominous sign for NEO bulls. The first support awaits us on approach to psychological $8.00. It is closely followed by the upper boundary of October’s consolidation channel. Once it is out of the way, the sell-off is likely to gain traction with the next focus on $6.80. On the upside, we will need to see a sustainable move above $9.70 (SMA50 daily) to mitigate the initial bearish pressure. A more important hurdle awaits us on approach to psychologocal $10.00 and $11.00 reinforced by SMA200 and the middle line of the Bollinger Band on the daily chart. NEO/USD, 1-day 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 could still re-test the vicinity of 1.1100 – Commerzbank FX Street 3 years NEO/USD dives below $10.00 amid global sell-off on the cryptocurrency market. The initial resistance is created by SMA50 on a daily chart. NEO. the 17th largest cryptocurrency with the current market value of $560 million, has lost 13% of its value in recent 24 hours. NEO is one of the worst is the best-performing altcoin out of top-20 on Monday. At the time of writing, NEO/USD is changing hands at $8.52, off Monday's low registered at $8.40. NEO/USD, the technical picture Looking technically, NEO/USD reached the lowest level since the end of October. The price dropped below both… 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.
