While the quotes of other altcoin are increasing by 1% and more, NEO is stagnating, showing only 0.3% growth.
On the hourly chart, the price of the coin has been declining and, supposedly, the bottom has been achieved at 0.001260 BTC. In terms of the short-term scenario, NEO is likely to locate in the yellow corridor, fluctuating between 0.001250 BTC and 0.001350 BTC. The bullish MACD indicator confirms such movements.