The post NEO Technical Analysis Mar 22 appeared on BitcoinEthereumNews.com.

NEO is trading near critical support zones at $2.64, under downward trend dominance. Short-term bearish signals could trigger a liquidity grab on a break below $2.60. Current Price Position and Critical Levels NEO’s current price at $2.64 is trapped within the 24-hour range of $2.59-$2.73, maintaining its downtrend structure with a 3.23% decline. Trading below EMA20 ($2.68) confirms short-term bearish momentum, RSI at 46.80 in neutral territory but Supertrend resistance prominent at $3.13. Multi-timeframe (MTF) analysis identified 9 strong levels across 1D/3D/1W timeframes: 2 supports/3 resistances on 1D, 1 support on 3D, 2 supports/4 resistances confluence on 1W. These levels are reinforced by order blocks, liquidity pools, and historical tests; volume remains low at 5.98M$, but spike potential exists in critical zones. Price is approaching the $2.5989 support test – if broken, the main buyer zone at $2.3950 comes into play. Support Levels: Buyer Pools Primary Support $2.5989 (score: 74/100), very close to the current range low of $2.59 and the most critical primary support. Why important? Forms an order block as the last swing low on 1D timeframe, tested and rejected 3 times in the past (January-March 2026 rallies). Strong MTF confluence: 1D support + 3D EMA50 (around $2.60) intersection, plus high volume node (VPOC) in volume profile. This is a liquidity pool – ideal for stop-loss hunting, triggering fast downside on break. 1.5% below current position, high hold probability as RSI not yet approaching oversold (below 30). Secondary Support and Stop Levels $2.3950 (score: 74/100), secondary and stronger support – main demand zone on 1W timeframe. Historically a strong buyer block from 2025 Q4 rally, with 4+ tests (rejections with volume spikes). Confluence: 1W Fibonacci 0.618 retracement + 3D Supertrend support. Invalidation on break below $2.5989; passing it opens downside target $1.5155 (score 21), R/R ratio 1:3+. Liquidity…

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Filed under: News - @ March 22, 2026 3:18 am