In this NEO technical analysis, we will examine the current price action, trading volume, key levels and indicators for NEO-BTC. NEO is a blockchain-based platform that enables developers to build and deploy decentralized applications (dApps) with ease. With its modular architecture and support for multiple programming languages, NEO provides an ideal environment for developers to create innovative dApps. Additionally, NEO’s smart contract system allows for the creation of complex and scalable dApps that can be used in a variety of industries.
NEO Price Overview:
As of May 17, 2024, NEO is trading at approximately 0.00023 BTC. Let’s dive into the detailed price action for NEO-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.00023 |
| High (H) | 0.00024 |
| Low (L) | 0.00023 |
| Close (C) | 0.00023 |
| Volume (C) | 8,207.64 |
- Open (O): The opening price for today’s trading session was approximately 0.00023 BTC.
- High (H): NEO reached a daily high of around 0.00024 BTC.
- Low (L): The daily low for NEO-BTC was approximately 0.00023 BTC.
- Close (C): At the time of analysis, NEO is trading near its daily close of 0.00023 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.34% |
| 3D Change (%) | 0.21% |
| 7D Change (%) | -4.88% |
| 30D Change (%) | -17.46% |
| 90D Change (%) | -4.76% |
| YTD Change (%) | -29.20% |
Over the past three days, NEOBTC has risen by approximately 0.21%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -4.88%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with NEOBTC maintaining a downward trend of approximately -17.46%, despite intermittent fluctuations. Examining the last 90 days, NEOBTC has witnessed substantial decrease of approximately -4.76%, reflecting strong long-term confidence. Year-to-date, NEOBTC has steadily depreciated by around -29.20%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
NEO Live Chart:
You can access a live price chart for NEO-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.35765.
- Momentum score is -0.18467.
NEO BTC Technical Analysis
NEO Trading Volume:
The trading volume for NEO (NEO) over the past 24 hours has been insignificant, with approximately 8,207.64 BTC traded against NEO. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): NEO is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): NEO is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for NEO-BTC is currently in the low zone, around 44.26865. This suggests that NEO is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
NEO (NEO-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Envision bearish outlook for NEO (NEOBTC) at 2.34e-04 BTC with weakened support and cautionary indicators, revealed in technical analysis.
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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.