NEO USDT NEO Technical Analysis

Photo of author

By Frans van Elst

NEO logo In this NEO technical analysis, we will examine the current price action, trading volume, key levels and indicators for NEO-USDT. NEO is a blockchain-based platform that enables developers to build and deploy decentralized applications (dApps) with ease. Its innovative use of smart contracts and decentralized storage solutions makes it an attractive option for businesses looking to leverage blockchain technology. With its strong focus on scalability and interoperability, NEO is poised to become a leading platform for the next generation of dApps.

NEO Price Overview:

As of May 07, 2024, NEO is trading at approximately 16.26 USDT. Let’s dive into the detailed price action for NEO-USDT:

Anticipate potential setbacks for NEO (NEOUSDT) at 16.26 USDT through bearish technical analysis, emphasizing weakened support and cautionary indicators.

Metric Value
Open (O) 16.02
High (H) 16.27
Low (L) 15.71
Close (C) 16.26
Volume (C) 289,658.76
  • Open (O): The opening price for today’s trading session was approximately 16.02 USDT.
  • High (H): NEO reached a daily high of around 16.27 USDT.
  • Low (L): The daily low for NEO-USDT was approximately 15.71 USDT.
  • Close (C): At the time of analysis, NEO is trading near its daily close of 16.26 USDT.
Metric Value
1D Change (%) 1.43%
3D Change (%) -2.46%
7D Change (%) -4.30%
30D Change (%) 5.65%
90D Change (%) 41.76%
YTD Change (%) 16.48%

Over the past three days, NEOUSDT has fallen by approximately -2.46%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -4.30%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with NEOUSDT maintaining an upward trend of approximately 5.65%, despite intermittent fluctuations. Examining the last 90 days, NEOUSDT has witnessed substantial increase of approximately 41.76%, reflecting strong long-term confidence. Year-to-date, NEOUSDT has steadily appreciated by around 16.48%, 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-USDT 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 0.74433.
  • Momentum score is -0.15882.

NEO USDT Technical Analysis

NEO Trading Volume:

The trading volume for NEO (NEO) over the past 24 hours has been insignificant, with approximately 289,658.76 USDT 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-USDT is currently in the neutral zone, around 48.76368. This suggests that NEO is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

NEO (NEO-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Anticipate potential setbacks for NEO (NEOUSDT) at 16.26 USDT through bearish technical analysis, emphasizing weakened support and cautionary indicators.

Discover even more by checking out our comprehensive analysis on NEO BTC NEO Technical Analysis — a perfect follow-up if you enjoyed this post.

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.

You have not selected any currencies to display