NEO Price Prediction: NEO/USD heading for vital support level, 22nd December low, a break could be devasting for the price

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  • NEO price tanks as much as 13% on Friday, with the price heading for vital support levels.
  • Bear targets are eyed at $31.24 December 22nd low and then $25.29.

 

The NEO price was under serious attack from the bears, as they took a ferocious bite at the crypto market on Friday. There was much FUD that heavily damaged sentiment, as seen with the major altcoins.

NEO/USD is heading for the extreme low printed on 22nd December 2017, should the bears turn up the heat with pressure, then a fast move could be seen down to the $25 territory, where the next major support is seen.

Technically, NEO is still exposed to further selling pressure, which has not slowed down since the breakout to the downside of the long-running ascending trend line. This original support had been running from September 2017. As mentioned above, the two major downside support levels are seen at $31.24 and $25.29.

 

NEO/USD daily chart

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