NEO has been bogged down in a tight range. The upside momentum may take the price towards $10.00. NEO, currently the 21th largest coin with the total market value of $533 million, has gained over 2% in recent 24 hours to trade at $7.5 at the time of writing. The coin has returned to the levels registered in the beginning of the year, though it is still over 50% down on an annual basis. NEO/USD, the technical picture Looking technically, NEO/USD has been trading in a tight range since September 25. The upper boundary of the range roughly coincides with the upper line of daily Bollinger Band at $7.80, while the lower border comes at $7.00. A sustainable move in either direction may create a strong momentum. On the upside, the next resistance awaits us on approach to $8.40 (SMA50 (Simple Moving Average) on a daily chart). Once it is out of the way, the upside is likely to gain traction with the next focus on psychological $10.00 strengthened by SMA100 daily. On the downside, a collapse below the lower boundary of the range will trigger strong sell-off with the next focus on $6.70, which is the lowest level since September 26. NEO/USD, a 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 Dash market update: DASH/USD grinding into a bull trap FX Street 4 years NEO has been bogged down in a tight range. The upside momentum may take the price towards $10.00. NEO, currently the 21th largest coin with the total market value of $533 million, has gained over 2% in recent 24 hours to trade at $7.5 at the time of writing. The coin has returned to the levels registered in the beginning of the year, though it is still over 50% down on an annual basis. NEO/USD, the technical picture Looking technically, NEO/USD has been trading in a tight range since September 25. The upper boundary of the range roughly coincides with… 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.
