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 July 08, 2024, NEO is trading at approximately 9.52 USDT. Let’s dive into the detailed price action for NEO-USDT:
| Metric | Value |
|---|---|
| Open (O) | 9.27 |
| High (H) | 9.88 |
| Low (L) | 8.8 |
| Close (C) | 9.52 |
| Volume (C) | 235,047.86 |
- Open (O): The opening price for today’s trading session was approximately 9.27 USDT.
- High (H): NEO reached a daily high of around 9.88 USDT.
- Low (L): The daily low for NEO-USDT was approximately 8.8 USDT.
- Close (C): At the time of analysis, NEO is trading near its daily close of 9.52 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 2.70% |
| 3D Change (%) | 1.28% |
| 7D Change (%) | -16.56% |
| 30D Change (%) | -28.96% |
| 90D Change (%) | -49.31% |
| YTD Change (%) | -31.81% |
Over the past three days, NEOUSDT has experienced a notable increase of approximately 1.28%, indicating heightened market volatility. In contrast, its performance over the last week has been marked by a decline of around -16.56%, suggesting a decrease in investor interest. A 30-day analysis provides a more comprehensive view, revealing a downward trend of approximately -28.96%. Looking further back, NEOUSDT has witnessed a substantial decline over the past 90 days, with a loss of around -49.31%, reflecting a significant erosion of long-term confidence. Year-to-date, NEOUSDT has continued to trend downward, with a decrease of approximately -31.81%.
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 0.6868.
- Momentum score is -0.19116.
NEO USDT Technical Analysis
NEO Trading Volume:
The trading volume for NEO (NEO) over the past 24 hours has been insignificant, with approximately 235,047.86 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 low zone, around 37.28587. This suggests that NEO is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
NEO (NEO-USDT) is currently experiencing short-term bearish momentum, with key support and resistance levels drawing attention from traders and investors. It’s essential to monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Furthermore, the low RSI reading and insignificant trading volume are warning signs indicating a possible downward trend.
Unveil potential setbacks for NEO (NEOUSDT) at 9.52 USDT through technical analysis, showcasing bearish trends, weakened support, and cautionary indicators.
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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.