Jun 23, 2020
👀Huobi x CoinMarketCal👀A Coin To Keep An Eye On!
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📈Analysis
It’s been a volatile 2020 for NEO, with the price now creeping up to 2019’s Q4 significant support-now-turned-resistance.
May finished with a pump, but June saw a full retrace of this pump. The price is currently hovering above an untested longer-term trendline that began at the end of last year.
This trendline line also intersects two monthly levels around 0.001057. This confluence could provide bulls with enough support to enter.
The monthly levels around 0.00115998 and the yearly level at 0.0012067 provide a reasonable target for bulls. Bears could instead look for entries around the monthly levels at 0.00115998 and target possible support at the trendline.
📅Event: There is an upgrade coming soon to NEO, TestNet is out now!
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