COINPEDIA

NEO price recoup with the downtrend, will it sail high?

BITFINEX:NEOUSD   NEO / U.S. Dollar
In the early hours, the price surged from $48.37 approaching $50 and beyond for today's new high. Coming across setbacks again, NEO failed to rally further from this point, sails at $4747.5. Moving out from the ascending channel , looks like there are more chances for a downtrend. However, if the momentum resumes, then it might set back to $49. RSI drips at $27, overbought condition adheres.

The resistance value is $ 56.58
The support value is $ 53.17



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