NEO price analysis: New lows on the horizon for NEO/USD

Another crypto heading towards the new lows.
Matter of time before April lows are broken.

Manoj B Rawal Independent Analyst

NEO, yet another cryptocurrrency that has broken lower and now headed towards hitting April lows all over again with all the chances of it breaking lower, as reported earlier by this author. (Read earlier story here)

NEO/USD is trading more than 2 percent lower on day at $49.46, though recovered a bit from the lows of the day of $48.55. NEO, as seen on the daily chart, is headed towards sub $40 levels and quite easily below April lows.

Immediate support, though minor, stands at $47.45 and the major support at $44, which is April low for the crypto.

NEO/USD daily chart:

Author

Manoj B Rawal

Independent Analyst

Manoj B Rawal, financial markets professional with about 11 years of experience in writing, editing and advising on stocks, currencies and fixed income.

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