Neo Price Analysis: NEO/USD Accelerating Losses Below $50

Neo price failed to hold an important support at $51.00 and declined against the US Dollar. NEO/USD could accelerate losses towards the $48.50 and $46.00 levels.

Key Talking Points

Neo price is currently under a lot of pressure below the $51.00 and $50.00 levels against the US Dollar. The NEO/USD pair is currently attempting a downside break below a declining channel with support at $49.15 on the hourly chart (data feed by Bitfinex). The pair is likely to accelerate declines below $49.00...

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