NEO has broken below the March 18 lows of $49.04, which is a bearish development. The next support on the downside is at $31.15.
The RSI has again entered the oversold zone, hence, a pullback to the 20-day EMA is possible.
The NEO/USD pair will attract buyers once it sustains above $65 levels. Until then, every recovery will be sold into.
The digital currency needs to show sustained buying before we suggest any trade on it.