NEO/USD outperforms major altcoins. The recovery is capped by strong technical levels. NEO bottomed out at $9.47 and regained ground to trade at $10.25 by the time of writing. The 17th largest coin with the total market value of $666 million is one of the best-performers of the day as it managed to recover Wednesday’s losses. NEO has gained over 2.5% in recent 24 hours, however, it is still 9% lower on a week-on-week basis. NEO’s technical picture On the intraday level, NEO/USD recovery is capped by an upper boundary of 1-hour Bollinger Band (currently at $10.40); Fresh selling interest located on approach to this level, may trigger the downside correction. However, once it is out of the way $10.80 (SMA100, 1-hour chart) followed by psychological $11.00 strengthened by SMA100 (4-hour) will come into focus. The next resistance is created by $11.35 ( upper boundary of 4-hour Bollinger Band) On the downside, the initial support lies with $10.00 closely followed by the middle line of 1-hour Bollinger Band (currently at $9.90). A sustainable move lower will increase the selling pressure with the next aim at $9.60 ( a lower boundary of 4-hour Bollinger Band) and at the recent low of $9.47 coupled with the lower boundary of 1-hour Bollinger Band. 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 South Korea: 1Q19 GDP was bad – ING FX Street 4 years NEO/USD outperforms major altcoins. The recovery is capped by strong technical levels. NEO bottomed out at $9.47 and regained ground to trade at $10.25 by the time of writing. The 17th largest coin with the total market value of $666 million is one of the best-performers of the day as it managed to recover Wednesday's losses. NEO has gained over 2.5% in recent 24 hours, however, it is still 9% lower on a week-on-week basis. NEO's technical picture On the intraday level, NEO/USD recovery is capped by an upper boundary of 1-hour Bollinger Band (currently at $10.40); Fresh selling interest… 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.