Altcoins

NEO Market Report: $NEO Pushed Down by Market

NEO is down -1.58% in 24 hours, up 20.54% on the week and up 1.68% on the month on a last price of 0.004301 BTC or about $54.55.
NEO is down -1.58% in 24 hours, up 20.54% on the week and up 1.68% on the month on a last price of 0.004301 BTC or about $54.55.

Brief:


The bitcoin and crypto market ended its one day partial recovery and headed back down again today; $NEO is pushed down by this trend. NEO is down -1.58% in 24 hours, up 20.54% on the week and up 1.68% on the month on a last price of 0.004301 BTC or about $54.55. The NEO marketcap is $3,545,750,000 with a circulating supply of 65,000,000 $NEO. $NEO/BTC is trading between a 24hr high of 0.004352 BTC ($55.19) and a 24hr low of 0.004043 BTC ($51.27) on a 24hr Binance volume of 4,991 BTC. In moderate volume trading the weekly trend is mixed.

Last price

0.004301 $NEO/BTC

$USD

last price $ 54.55
one week ago $ 45.25
percentage 20.55%

Volume

Volume

$NEO 24 hour volume
BTC 4,991
all $NEO currencies 12,269 BTC

The 24 hour volume for $NEO/BTC on Binance is 4,991. This volume weight is moderate when compared with Binance daily trading levels for $NEO over the last month.

The total 24 hour volume for all reporting $NEO markets is 12,269 BTC.

Market Share

The Binance currency pair $NEO/BTC is 40.68% of all $NEO traded in twenty-four hours. After Binance, Bitfinex and Bittrex hold the daily next most highly traded currency pairs.

Remarks

The bitcoin and crypto market ended its one day partial recovery and headed back down again today with bitcoin posting a -13.0% loss on twenty-four hours; $NEO is pushed down by this trend. NEO is down -1.58% in 24 hours, up 20.54% on the week and up 1.68% on the month on a last price of 0.004301 BTC or about $54.55. The NEO marketcap is $3,545,750,000 with a circulating supply of 65,000,000 $NEO. $NEO/BTC is trading between a 24hr high of 0.004352 BTC ($55.19) and a 24hr low of 0.004043 BTC ($51.27) on a 24hr Binance volume of 4,991. In moderate volume trading the weekly trend is mixed.

Three out of the last seven daily candles are red. $NEO today is influenced by the industry downtrend. The downtrend has been ongoing for several days with a one day recovery yesterday. Today’s market turned back down again.

One source credited the original downturn cause as an unfavorable bitcoin futures market. What is clear is that a twenty thousand dollar bitcoin was overpriced and unsustainable. This led to the present and ongoing market correction downwards.

Where will it stop?
The Binance $BTC/USDT weekly low is $10,961 with today’s low $11,640. Based on the weekly low we are looking at bottom bitcoin support at about $11,100. Looking at the one day candle chart for bitcoin the most obvious and strongest support in the last month is at $9,900.

Binance $NEO
The strongest near term support for $NEO is in the 0.004300 ($54.50) range. A lower range could be the six days of support seen at or near the 0.003200 ($40.50) level at the end of November 2017. There are some difficulties in tracing support levels too far back because of the skewed influence of the recent ballistic bitcoin price. The $NEO/BTC pair is of course denominated in bitcoin.

CoinMarketCap.com YTD Chart

One Day Candles

Browse NEO Collection

Learn about the unique characteristics of $NEO. Browse our collection of NEO Market Reports.

Sunday December 24 2017 Bitcoin Background

Altcoins such as NEO may show a relationship with bitcoin (BTC) which changes with the alt, bitcoin and market conditions:

24 Hours of Bitcoin
24 Hours of #Bitcoin
-13.0% price $13,337.80
vol $11,673,800,000
mktcap $223,555,025,854
16.76M #XBT 20:35 #FinTech
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday

Altcoin Market Reports
We publish topical Market Reports on many altcoins. Browse our extensive collection of Altcoin Market Reports.

Price change

Price change is the $NEO percentage change within the period:

period change
day -1.58%
week 20.54%
month 1.68%

Highlight Chart

Tap / click to enlarge:

NEO is down -1.58% in 24 hours, up 20.54% on the week and up 1.68% on the month on a last price of 0.004301 BTC or about $54.55.
NEO is down -1.58% in 24 hours, up 20.54% on the week and up 1.68% on the month on a last price of 0.004301 BTC or about $54.55.

Data source

Binance is the main data source for this report. Other sources are credited where used.

Market capitalization

Market capitalization is the total $US dollar value of the NEO market calculated using the formula:

market cap = ( circulating supply x last price )
Market cap $ 3,545,750,000
Circulating supply 65,000,000
Last price $ 54.55
Circulating supply data courtesy of CoinMarketCap.com.

Daily High Low

daily high 0.004352
daily low 0.004043

Trend

The weekly trend is mixed.

trend is MIXED

Resistance

Resistance is the highest price within the period:

period resistance
day 0.004352
week 0.004760

Support

Support is the lowest price within the period:

period support
day 0.004043
week 0.003470

Market sentiment

Market sentiment is bearish.

sentiment bearish

Image courtesy Pixabay.com

Summary

The bitcoin and crypto market ended its one day partial recovery and headed back down again today down -13.0%; $NEO is pushed down by this trend. NEO is down -1.58% in 24 hours, up 20.54% on the week and up 1.68% on the month on a last price of 0.004301 BTC or about $54.55. The NEO marketcap is $3,545,750,000 with a circulating supply of 65,000,000 $NEO. $NEO/BTC saw weekly resistance at 0.004760 BTC ($60.37) and weekly support at 0.003470 BTC ($44.01). Market sentiment is bearish. The weekly trend is mixed in daily moderate volume trading.

Analytic Strategy: Objective Analysis

Objective analysis begins free of subjectivity. Interpretation of technical analysis geometric patterns, for example perceived shapes on a trading chart, is inherently subjective. This report is free of technical subjectivity to the maximum extent reasonably possible.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Sunday December 24 2017 20:30 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Thanks for reading! 🙂

Tags

NEO, $NEO, BTC, Binance, Market, Report, $NEO/BTC, altcoins

KittyBitcoin supplies blockchain intelligence on http://kittybitcoin.com, on industry leading websites, and through white label channels since 2014. Follow @KittyBitcoin on Twitter®.
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