Neo coin is trailing near the make or break levels over the weekly chart

coin is trailing near the make or break levels over the weekly chart tradingview NEO coin is trailing near the make or break levels over the weekly chart, after a sharp decline from the higher levels. On the other hand, the technical parameters reach the oversold zone, and a short-term rebound is expected. Meanwhile, volume activity over the chart is lower and requires strong growth for a short-term bounce back. NEO is trading at $44.81 with an intraday action of -9.42%, and the volume to market cap ratio is at 0.1158 ADVERTISEMENT Relative Strength Index (OVERSOLD): NEO coin RSI is trading flat near the oversold zone over the weekly chart. In contrast, the RSI trades sideways after a sharp fall from the higher side, and a minor pullback is expected, CMP at 28. Moving Average Convergence Divergence (BEARISH): The daily chart indicates a bearish trend at the 4-hour time frame. At the same time, the seller’s line (red) overpowers the buyer’s signal line (green), with a negative crossover. Support levels:$44.35 and $41.45 Resistance levels: $53.15 and $57.35.