NEO Price $9.55 Key NEO Resistance Levels $10, $10.50, $11 Key NEO Support Levels $8, $7.50, $7

*Price at the time of writing

NEO long-term price prediction: Bearish

The NEO/USD pair was in a bullish trend in the first week of April 2019. On April 5, the bulls reached a high of $13.65 but were resisted and crypto’s price made a downward correction. On April 1, the price of NEO has an opening balance of $10.25 but closed at $9.68 as at April 26. The crypto’s price has been depreciated by 5.5% of its capitalization in the month of April.

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The downward trend has erased all the bullish gains of the cryptocurrency. A trend line has been drawn to determine the duration of the bearish trend. The assumption is that if a bullish candlestick breaks the trend line and another one closes on the opposite of it, the current trend is said to be terminated.

From the daily chart, the bearish trend may have been terminated at a price of $9.57. The crypto’s price is likely to resume its bullish trend, to break above the EMAs in order to reach the previous highs.

NEO medium-term price prediction:: Bearish

From the 4-hour chart, the price of NEO coin was in a bearish trend. The 12-day EMA and the 26-day EMA are trending southward. At each resistance, the crypto’s price would fall below the EMAs. As the price fell below the EMAs, there was a tendency for the crypto’s price to continue its fall. Today, the crypto’s price is rising and has broken the 12-day EMA.

On the upside, if the bulls break above the EMAs, and the price is sustained above it, the crypto’s price will rise to retest the $13.50 resistance level. Meanwhile, the stochastic indicator is at the oversold region but above the 20% range which indicates that price is in a bullish momentum and a buy signal.

NEO short-term price prediction: Bearish

On the 1-hour chart, the price of NEO coin is in a bearish trend. The crypto’s price respects the historical price levels. Each time the crypto’s price tests the $9.40 and $9.60 support level, the bulls take control of price to push the price upward.

Today, the crypto’s price is trading at $9.87 as at the time of writing. The crypto’s price is expected to rise, but may face resistance at the trend line.

On the downside, if the price is resisted, the crypto's price will fall back to the support level. On the upside, if price breaks the trend line and another candlestick closes on the opposite of it, then a bullish trend has resumed. Meanwhile, the stochastic indicator is at the overbought region but above the 60% range which indicates that price is in a bullish momentum and a buy signal.