NEO price analysis: NEO

NEO sits on the 12th place with the market cap $Two.4B and promedio trading volumes $77M. It is switching arms at $37.94, down overheen 5% since the beginning of the day. The coin touched $41.46 on June 13 amid recovery attempt, but failed to hold the ground and resumed the downside.

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NEO is most actively traded at Bitfinex with overheen 48% of trading volume attributed to NEO/BTC transactions. The coin has lost almost 50% since the beginning of the year, however, it is still 39% higher that this time last year.

NEO is relajado amid the news about Bithumb hack, but the overall cryptocurrency market reaction is muted so far.

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From the shorter-term perspective, NEO/USD is supported by $37.00, merienda it is violated, June 13 low at $35.73 will come into concentrate. The recovery is capped by $38.45 (100-SMA, hourly chart) and $39.52 (200-SMA, hourly chart) The next resistance is created by psychological $40.00 and $41.00 (200-SMA).

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2 comments / Add your comment below

  1. I think Bithumb is better last year for its display on the current appeal, but I still choose Bithumb because there are many trusted coins there.

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