Is NEO Coin Sideways Action Will Turn Into Big UpSurge?

• Neo coin price is struggling near its major moving averages of 50, 100, and 200-DMA lines, with average volume action. 
• The crypto asset is presently held its short-term moving average line of 20-Day, after a sharp upside from the lower levels. 
• The pair of NEO/BTC is trading at 0.0008465 BTC with a 24-hour loss of -6.88%, and the ratio of NEO/ETH is CMP at 0.01307 ETH with an intraday dip of -2.70%. 

NEO coin over the monthly chart is struggling near its major moving averages of 50, 100, and 200-day lines. The digital asset is trying to suppress its vital moving average lines, although the coin already got good buying interest from the lower levels. NEO token witnesses good buying action from the lower levels, and we have seen a good price recovery.

The bulls now have to keep a close eye above the 50, 100, and 200-DMA lines, and the sustainably will boost substantial upside. Supporting volume action will create another lap of bullish rally once the digital asset sustains above the vital DMA lines. Support on the lower side is $41.30 and $38.90, whereas resistance on the higher side is $48.10 and $51.75.

NEO coin is showcasing the sideways action after a sharp upsurge

NEO coin at the weekly chart is showcasing the sideways action after a sharp upsurge. Volume over the 4-hour time frame is lower and needs to improve sharply in the upcoming trading sessions. Meanwhile, the technical parameters indicate a sideways action and suggest a mixed trend with no clear direction. Slight caution at the current situation can be maintained until the coin’s RSI will not now gain strength. NEO price is trading at $46.05 with an intraday dip of -1.35%, and the volume to market cap ratio is 0.1246.  

Relative Strength Index (NEUTRAL): NEO coin RSI is trading flat after testing the higher levels. The coin is trading flat under the neutral zone with no sign of any clear trend and CMP at 56. 

Moving Average Convergence Divergence (MIXED): The daily chart indicates a mixed trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) and the seller’s line (red) overlap each other.      

Support levels: $41.30 and $38.90

Resistance levels: $48.10 and $51.75