- NEO price was hit hard on Wednesday, nursing chunky losses of over 9%.
- NEO/USD hit lowest levels seen since December 2017, low of the session printed at $35.73.
- Price behaviour suggests there could be some further selling to come, after small textbook bounce.
NEO/USD 15-minute chart
Spot rate: 6224.90
Relative change: – 4.95%
High: 6611.70
Low: 6107.90
Trend: Bearish
Support 1: 5998.60, 26th February lows.
Support 2: 5775.00, demand area.
Support 3: 5500.00, (support on 60 minute)
Resistance 1: 6670.00, 50MA,
Resistance 2: 6900.00, (resistance on 60-minute).
Resistance 3: 6920.00, 100MA.