NEO Technical Analysis: NEO/USD takes a nose dive to its lowest level in 4 weeks, testing an extremely key area of support

• NEO nursing chunky losses on Tuesday of over 5.5% in the session, as the crypto price cooling continues.
• NEO/USD is testing an extremely delicate area of support, ranging from $30-29.50.  
• RSI on the shorter time frames is oversold and has since seen a bounce, however looking on the daily, it isn’t quite within oversold territory.

NEO/USD 60-minute chart

Spot rate:                    30.17

Relative change:        -5.56%

High:                           32.09

Low:                            29.65

Trend:                         Bearish

Support 1:                 29.82,  (support on 60-minute chart).  

Support 2:                 29.66, today’s (Tuesday) low.

Support 3:                  29.60, 30th June low.

Resistance 1:            31.45, entrance to supply zone.

Resistance 2:            31.96, 50MA.

Resistance 3:            32.66, 100MA.