Resistance

Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>NEO price reflects a bullish trend and is close to breaching the trendline hurdle.</a></li>
 <li><span>2</span> <a>Bulls are holding their strength and looking to retain the $20 mark.</a></li>
</ul>
<p>The NEO coin depicts a symmetrical triangle pattern and intends to breach the downward sloping trendline hurdle at $15 shortly. The coin is trading in the bullish trajectory and is sustaining gains above the key moving averages. Recently, the coin retested the 50 day EMA mark and a rebound was noted. Amidst the crypto market downturn and profit booking sentiments, the NEO coin decisively held the gains, reflecting a bullish outlook.</p>
<p>At press time, the Neo coin (NEO) price was trading at $15.44 with an intraday gain of 1.67%, reflecting a bullish stance on the charts. It has a monthly return ratio of -11.66% and 28.90% on a yearly basis. The pair of NEO/BTC is at 0.000224 BTC, and the market cap is $24.79 Million. Analysts are neutral and suggest that the <a href="https://www.thecoinrepublic.com/2022/03/31/neo-coin-price-analysis-neo-coin-price-is-in-a-downtrend-what-will-happen-next/" target="_blank" rel="noopener noreferrer nofollow">NEO coin price</a> may resume to deliver the bullish waves and will retest the $20 mark soon.</p>
<h2 class="wp-block-heading" id="strong-neo-coin-price-volume-profile-on-daily-charts-strong"><strong>NEO Coin Price Volume Profile On Daily Charts</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (NEO), Volume (NEO)" width="1170" height="400" src="https://embed.santiment.net/chart?ps=cosmos&amp;pt=ATOM&amp;df=2023-10-07T18%3A29%3A59.152Z&amp;dt=2024-04-07T18%3A29%3A59.152Z&amp;sat=shchcfg_05C257xLN6Tm&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bneo%3BNEO%5D%3B%5B1%3Bvolume_usd%3Bneo%3BNEO%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22line%22%7D" scrolling="no"></iframe>
<p>The Neo coin price has holded the gains and is trying to gain momentum above the $16 mark. The trend is neutral and the coin is displaying buyers’ accumulation on the charts. The intraday trading volume dropped by over 45% to $24.93 Million.</p>
<h3 class="wp-block-heading" id="strong-price-volatility-weighted-sentiment-outlook-strong"><strong>Price Volatility &amp; Weighted Sentiment Outlook</strong></h3> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (NEO), Weighted sentiment (Total) (NEO)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=cosmos&amp;pt=ATOM&amp;df=2023-10-07T18%3A29%3A59.152Z&amp;dt=2024-04-07T18%3A29%3A59.152Z&amp;sat=shchcfg_05C257xLN6Tm&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_volatility_1d%3Bneo%3BNEO%5D%3B%5B1%3Bsentiment_volume_consumed_total%3Bneo%3BNEO%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p>The price volatility data reflects a fall to the 0.054 mark, signifying neutral investor interest and uncertainty. However, the weighted sentiment data looks positive and stayed around 0.765.</p>
<h3 class="wp-block-heading" id="strong-social-dominance-x-followers-overview-strong"><strong>Social Dominance &amp; X Followers Overview</strong></h3> <iframe loading="lazy" title="Santiment Chart: Social Dominance (NEO), Twitter Followers 7d (NEO)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=cosmos&amp;pt=ATOM&amp;df=2023-10-07T18%3A29%3A59.152Z&amp;dt=2024-04-07T18%3A29%3A59.152Z&amp;sat=shchcfg_05C257xLN6Tm&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsocial_dominance_total%3Bneo%3BNEO%5D%3B%5B1%3Btwitter_followers_7d%3Bneo%3BNEO%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The social dominance data looks average and stayed below the midline, noted at around 0.102% and reflecting a neutral outlook. The X followers data remained near the midline, staying around 249.</p>
<h4 class="wp-block-heading"><strong>What Does Open Interest Data and Development Activity Indicate?</strong></h4> <iframe loading="lazy" title="Santiment Chart: Development Activity (NEO), Total Open Interest in USD (NEO)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=cosmos&amp;pt=ATOM&amp;df=2023-10-07T18%3A29%3A59.152Z&amp;dt=2024-04-07T18%3A29%3A59.152Z&amp;sat=shchcfg_05C257xLN6Tm&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bdev_activity%3Bneo%3BNEO%5D%3B%5B1%3Btotal_open_interest%3Bneo%3BNEO%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%2C%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>Per the Sentiment data, the development activity delivered a consistent drop to 38, reflecting a negative outlook. However, the derivative data signifies a long buildup activity and the open interest data surged over 1.23% to $21.56 Million.</p>
<p>Per the Fib levels, the Neo coin price has decisively sustained above the 50% zone and is trading in the bullish territory. The RSI curve stayed close to the midline and a convergence with the RSI line and signal line was noted.</p>
<p>The total supply of the Neo coin is 100 million, whereas the volume-to-market cap ratio is 0.0228, and it stands at 105 per the market cap in the global crypto market.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The Neo coin price signifies bullish trend and is ready to skyrocket gains above the $16 mark. Amidst the market down move, the Neo coin price holds the gains and is delivering the buyers accumulation on the charts.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $14 and $12</p>
<p><strong>Resistance Levels:</strong> $18 and $20</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

NEO Looks Bullish: Bulls Eyeing $20 Mark, Will NEO Soar Ahead?

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