$NEO What will be To NEOUSDT buyer ?
we'll need to look at several technical indicators presented in the image. Here's a step-by-step breakdown based on the above picture
### Key Observations:
1. **Current Price and Recent Performance:**
- The current price of NEOUSDT is $13.306.
- It has experienced a 5.42% drop in the last 24 hours.
2. **24-hour Range:**
- High: $14.094
- Low: $13.205
3. **Bollinger Bands (BB):**
- The price is near the lower Bollinger Band, which suggests it might be oversold and a potential reversal could occur.
4. **Relative Strength Index (RSI):**
- RSI(6): 38.649
- RSI(14): 29.966
- Both RSI values are below 50, indicating that the asset is in a bearish phase and approaching oversold territory (RSI below 30 is generally considered oversold).
5. **Historical Performance:**
- Recent trends show a general decline over the last 7, 30, and 90 days, but there is an increase over 180 days and 1 year, indicating a longer-term upward trend.
#### Support and Resistance Levels:
- The 24-hour low of $13.205 can act as immediate support. If the price stays above this level and shows signs of a rebound, it could be a good buying opportunity.
- Conversely, the resistance level to watch would be around the 24-hour high of $14.094. If the price moves above this level, it might indicate the start of an upward trend.
### Key Points:
1. **Current Price:** $13.306, down 5.42% in 24 hours.
2. **24-hour Range:** High $14.094, Low $13.205.
3. **Bollinger Bands:** Price near the lower band, suggesting potential oversold conditions.
4. **RSI:**
- RSI(6): 38.649
- RSI(14): 29.966 (near oversold at 30)
5. **Historical Performance:** Down short-term, but up 13.89% over 180 days and 48.07% over 1 year.
### Buying Zone:
- **Potential Entry Point:** Around $13.306 if the price confirms a bounce from the support at $13.205.
- **Indicators:** Lower Bollinger Band and RSI near oversold territory.
### Caution:
- **Confirmation Needed:** Look for price rebound and RSI turning upwards before buying.#DYOR
