$NEO Technical Analysis: Neo (NEO)
*Current Price & 24h Range
· Current Price: $3.93
· 24h Range: $3.83 - $4.02
*Technical Indicators
· RSI (14): 56.59 (Neutral)
· MACD: 0.07 (Neutral)
· 50 EMA: ~$4.08 (Price is below)
· 200 EMA: ~$5.50 - $7.09 (Price is below)
*Brief Technical Analysis
NEO is in a consolidation phase within a prevailing macro downtrend, trading below its key 50 and 200-day Exponential Moving Averages (EMAs). The neutral RSI and MACD readings indicate a lack of strong directional momentum. The broader market sentiment is bearish, as reflected by a Fear & Greed Index of 28 (Fear).
$NEO *Trading Levels
· Entry Price: $3.85 - $3.90 (near support)
· Stop Loss: $3.73
· Target 1: $4.07
· Target 2: $4.23
· Target 3: $4.35
*Trading Signal: Hold. Await a decisive break above the immediate resistance at $4.07 or a firm hold above the 50 EMA for a potential trend shift.
*Short-Term Outlook
Neutral to slightly bearish. The price is caught between near-term support ($3.83) and resistance ($4.07). A failure to reclaim the 50 EMA could lead to a retest of lower supports. Watch for a sustained move outside the $3.73 - $4.23 range for directional clarity.
*Disclaimer: This analysis is for informational purposes only and not financial advice. Cryptocurrency trading carries high risk. Always conduct your own research.
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