NEOBTC on Daily.not sure of the follow up, but fundamentals ask for a correction in my opinion.
Technical analysis is pretty much confirming what the news ask
Fundamental sources:
pressure start with the atricle about decentralisation from |bitcoin.com in january
news.bitcoin.com/most-cryptocurrencies-are-more-centralized-than-you-think/
and now seen then we keep hearing about NEO decentralization problem
news.bitcoin.com/?s=neo
Even if at the moment it looks bearish, in the news and conferences we clearly see that Neo as a solution in mind.
That's what confirm the bounce at
main support trend line.
I would expect Neo to drop deeper if the project doesn't release a good solution before price break the 0.0059 last support trend line.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.