Market Overview

$NEO Current Price: 0.0001516 $BTC

24h Change: -5.43%

Rank: No. 98

Market Cap: $1.08B

Fully Diluted Market Cap: $1.53B

Market Dominance: 0.0307%

24h Trading Volume: $90.45M

Vol/Market Cap Ratio: 8.38%

Circulating Supply: 70.54M NEO

Max Supply: 100M NEO

Total Supply: 100M NEO

Issue Date: June 1, 2014

Issue Price: $0.159

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Overview

NEO, often referred to as the "Ethereum of China," has been a cornerstone of the blockchain space since its launch in 2014. Despite the recent price dip of 5.43%, NEO remains a top-100 cryptocurrency with a market cap of over $1 billion and a circulating supply of 70.54 million tokens, representing 70.5% of its total supply.

The high market cap combined with relatively low trading volume ($90.45M) suggests a cautious market sentiment, making this a potential accumulation phase for long-term investors.

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Price Performance

1. All-Time High: $196.853 (January 16, 2018).

The current price is a fraction of its ATH, reflecting a significant correction since its peak.

2. All-Time Low: $0.0722.

Even from its lowest point, NEO has shown tremendous growth, proving its resilience in the market.

NEO/BTC's value of 0.0001516 BTC indicates potential for significant recovery, particularly if the overall market sentiment turns bullish.

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Market Liquidity and Activity

Volume-to-Market Cap Ratio: 8.38%, indicating moderate liquidity.

Fully Diluted Market Cap: $1.53B, reflecting the potential of the asset if the total supply enters circulation.

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Support and Resistance Levels

Support Levels:

0.0001450 BTC (immediate support).

0.0001380 BTC (major support zone).

Resistance Levels:

0.0001580 BTC (short-term resistance).

0.0001650 BTC (key breakout level).

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Spot and Futures Trading Signals

Spot Trading Signals

1. Buy Zone:

Accumulate near 0.0001450–0.0001480 BTC during pullbacks.

2. Profit Targets:

Short-term: 0.0001580–0.0001650 BTC.

Long-term: 0.0001750–0.0001800 BTC.

3. Recommendation: Monitor for consolidation near support levels for potential long-term entry.

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Futures Trading Signals

1. Long Position:

Entry: 0.0001500–0.0001520 BTC.

Take Profit (TP): 0.0001600–0.0001650 BTC.

Stop Loss (SL): 0.0001450 BTC (below key support).

2. Short Position:

Entry: 0.0001650 BTC (if rejected at resistance).

Take Profit (TP): 0.0001500–0.0001450 BTC.

Stop Loss (SL): 0.0001700 BTC (above resistance).

3. Current Signal:

Neutral to Bullish Bias: Favor long positions near support levels with tight risk management.

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Conclusion

NEO (NEO/BTC) offers an intriguing opportunity for traders and investors looking to capitalize on its recovery potential. While current market sentiment is cautious, the strong fundamentals and historical significance of NEO make it a viable option for long-term accumulation.

Spot Signal: Buy near 0.0001450–0.0001480 BTC with targets at 0.0001600–0.0001650 BTC.

Futures Signal: Long above 0.0001500 BTC or short near 0.0001650 BTC based on market conditions.