NEO price analysis: NEO/USD gained over 6% on daily basis as community struggles to solve the Chinese riddle
- NEO is one of the best-performing coins of the day.
- Chinese characters grabbed NEO community attention.
NEO has been one of the best performing digital coins on Monday. NEO/USD gained over 6% on daily basis, as a movement above the sloping trendline triggered more buying and helped to push the coin above $32.00 handle for the first time since June 24. The 13th digital coin with market value $2.1B and average daily volume $76M.
Meanwhile, NEO community is discussing a new riddle-like message, posted by NEO Smart Economy, which is the official Twitter account for NEO. It's a picture with some allegorical phrase written in Chinese and "Stay tuned" comment.
While no one knows for sure what the message means, the NEO team did a good job to attract attention to the coin as according to Lighting Signals it is one of the four most mentioned coins of the recent hours.
Neo technical picture
On the downside, the local support is produced by 50-SMA (hourly chart) at $30.88, followed by $30.00, which is the psychologically important level and support created by 200-SMA. On the upside, the price must grow above $33.00 handle for the recovery to gain momentum.
Author
Tanya Abrosimova
Independent Analyst
