Of course nobody can predict the future, but let´s see the technical analysis:
- RSI says nothing. Even if neo holders don´t want to hear that, NEO at price 28 USD isn´t oversold at all.
- We are in the middle between two strong resistences (top at 31 USD, bottom at 26 USD)
- All three trend lines show us the downtrend of neo. If we check the shortest term trend, we can see a triangle and if nothing happens, it will leave throw the lower line - this shows the downtrend again
My conclusion is, that after few days of bleeding we are still not on a bottom at all, the downtrend will probably continue at least until 26 USD.
By my opinion the market hasn´t got the power to break this resistance, so here we can await if the chart turns to uptrend again :)
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