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IGNITION
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- The NEO crypto price has advanced by 17000% from its all-time low price.
- As per Coingecko, the current market cap rank of NEO crypto is #77.
NEO (NEO) is a blockchain platform for dApps and smart contracts. It was founded by Da Hongfei and Erik Zhang in 2014 as AntShares. It has its own token, GAS, and can be used as a cryptocurrency. NEO (NEO) is a leading project in the Chinese blockchain market.
The derivative trading volume of NEO token has declined by 9.1% in the last 24 hours following a decline of 8.3% in the open interest. Moreover, the spot trading volume of the crypto has also declined by 3.0%.
The current market cap of NEO is $966.365M and the ranking of the crypto is 75th. Also, the market cap of the NEO has declined by 2.3% and the volume/market cap ratio of the crypto is 7.3%.
The circulating supply of the NEO is 70.5% of the max supply resulting in 70.53M NEO. Moreover, the total supply of the crypto is 100.0M NEO and the fully diluted market cap is $1.37B.
The long/short ratio of the NEO is 0.8854 recorded in the last 24 hours as per Coinglass. This has resulted in a long liquidation of $58.36K.
NEO Blockchain Data
In the last 224 hours, the traded volume for the NEO is $1.11M and in the last seven trades, the traded volume for the crypto is $9.49M. This further has witnessed a weekly change of 66.27. Moreover, the TVL of the crypto has declined over the period.
NEO Crypto Technical Analysis
The NEO crypto price is trading inside a range-bound zone and is facing resistance he higher levels. If the NEO trading price breaks out above the consolidation zone with good momentum, the trend of the crypto might reverse to bullish. This behavior of the market can lead to higher levels in the upcoming days.
NEO/USD Chart by TradingView
The NEO crypto price is trading above the 50-day and the 200-day EMA and the EMAs are trading in a golden cross from the last 45 days. This shows that crypto has been following a positive trend for a long time.
The MACD and the signal lines are also trading above the zero level following a bullish crossover. The histogram is also forming bullish blocks on the charts.
Conclusion
NEO crypto price has been trading in a range for a long time, but it has the potential to break out and start a new uptrend. Cryptoo has a strong market cap and demand, but low volume and open interest. NEO is a unique blockchain platform that uses GAS as its token.
Technical Levels
Support Levels: $6.25 and $10.00
Resistance levels:$30.00 and $48.50
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
