NEO prices correct higher at $21.08 as bears intervene

The Neo price analysis reveals a bearish market after NEO prices closed yesterday’s trading chart at $19.60. Today, the market is trading sideways with a slight bearish bias as the bulls attempt to correct higher. The immediate resistance for NEO prices lies at $20 while support is present at 19.0.Neo prices are currently trading at $21.05, a correction on the upper side of the descending channel that has been in play for the past few days. The formation of a bearish candlestick pattern on the 4-hour chart suggests that NEO prices may retrace lower in the coming sessions.