NEO has been one of the best-performing altcoins. The upside momentum may fade away on approach to a strong barrier. NEO, currently the 18th largest coin with the total market value of $689 million, is one of the best-performing coins out of top-20. NEO/USD hit the recent high at $9.90 and retreated to $9.80 by the time of writing. Despite the decrease, NEO is still 10% higher from this time on Saturday, and 5% higher from the beginning of Sunday. NEO/USD, the technical picture Looking technically, NEO/USD broke above the resistance created by SMA100 (Simple Moving Average) daily at $9.30. This is a strong bullish signal that allowed for the upside trend to gain traction. Notably, NEO/USD moved above SMA100 daily for the first time since mid-July. Now that it is cleared, psychological $10.00 has come into focus. A sustainable move above this handle will open up the way towards SMA200 daily at $11.00. On the downside, the initial support is created by the above-mentioned SMA100. It is followed by SMA50 daily on approach to $8.00. If it is broken, the sell-off may continue towards $7.40 (the middle line of the Bollinger Band on a daily chart). NEO/USD, the daily 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 Forecast Oct. 28-Nov. 1 – Euro rally fizzles – is the party over? Kenny Fisher 3 years NEO has been one of the best-performing altcoins. The upside momentum may fade away on approach to a strong barrier. NEO, currently the 18th largest coin with the total market value of $689 million, is one of the best-performing coins out of top-20. NEO/USD hit the recent high at $9.90 and retreated to $9.80 by the time of writing. Despite the decrease, NEO is still 10% higher from this time on Saturday, and 5% higher from the beginning of Sunday. NEO/USD, the technical picture Looking technically, NEO/USD broke above the resistance created by SMA100 (Simple Moving Average) daily at $9.30.… 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.
