Is NEO Coin Under Performance is About to End?

• NEO coin at the monthly chart will showcase the bullish momentum in the upcoming trading session if it sustains above the vital DMA lines. 
• The crypto asset is presently trying to hold its short-term DMA line of the 20-day line, whereas comfortably trading above 50, 100, and 200-day lines. 
• The pair of NEO/BTC is trading on a positive note at 0.001147 BTC with an intraday gain of +3.44%, and the ratio of NEO/ETH is CMP at 0.01466 ETH with a minor intraday gain of +0.27%

NEO coin price at the monthly chart is placed above the major moving averages of 20, 50, 100, and 200-day lines. While about to fly, if sustains above necessary moving averages with supportive volume action. Presently, the coin is struggling to hold its major DMA of 20-day line and having strong support for multiple support of 50, 100, and 200-day lines.

We can soon see a good rally in upcoming trading sessions if the coin manages to suppress its previous short weekly highs of $62 to $64. With good volume action, the breakout above the supply zone of $61 to $72.95 will create strong momentum until $90 to $110. Support on the lower side is $47.20 and $43.60, whereas resistance on the higher side is $64.00 and $72.90.

NEO coin at the weekly time frame is consolidating under the tight range

NEO coin at the weekly time frame is trading sideways and consolidating under the tight range. At the same time, the volume action at the weekly chart is flat with no sign of significant increment but needs to grow in upcoming sessions. The technical parameters are also projecting the bullish rally over the 4-hour time frame. Presently, the NEO price is trading at $57.70 with an intraday gain of +5.60%, and the volume to market cap ratio is at 0.1436. 

Relative Strength Index (BULLISH): NEO coin RSI presently indicates a bullish or positive trend over the weekly chart. In contrast, the RSI is heading higher after testing the lower region and now CMP at 67.    

Moving Average Convergence Divergence (BULLISH): This indicates a bullish trend on the daily chart after a positive crossover. The buyer’s signal line (blue) is overpowering the seller’s line (orange) with no sign of weakness. 

Support levels: $47.20 and $43.60  

Resistance levels: $64.00 and $72.90.