Bearish Trend Intact for NEO; Next Support at $7.13

NEO coin is struggling in the market from the beginning of the quarter. On September 30, it was dealing at $7.60. However, the current NEO price is noted as $7.22. The market is quite volatile, and the same has affected the coin also. It looks like the condition would take some time to improve. If we look at yesterday’s counters, the coin touched a high at $7.41 and a low at $7.16.

Yesterday, the NEO coin began the day at $7.40. The first few hours brought the price down to $7.26 by 1.88%. There was a slight improvement but soon brought the NEO coin price down again. The price counters moved from $7.36 to $7.17 by 2.57%. After a few hours later, the price escalated from $7.17 to $7.33 by 2.21%. Then, it immediately slipped to $7.01 by 4.33%. The intraday reflected a regression of 3.22% as the coin closed the day at $7.16. Today, it started the day with an escalation, and NEO price for today is $7.19, with a 24-hour trading volume of $229,672,034.

NEO price
NEO Chart By TradingView

NEO Price Prediction

NEO price is dropping since the beginning of the quarter. The tremendous fall might be scaring the traders, but we are still hopeful for improvement. The coin has great potential as it gave some astounding results in the first two quarters. The market cap is at $513,185,713. The 24-hour volume stands at $231,607,655, and currently, 70,538,831 NEO coins are in circulation.

As per the last month’s trend of NEO, the upcoming week may face the next support at $7.13. However, on the upside, it may cross a crucial resistance of $7.52. NEO’s current scenario is not suited for buy-in. However, when the price movement improves, the traders can opt for long-term investments to gain profits. Let’s look at the Resistance & Support Levels based on the NEO price prediction chart.

Resistance & Support Levels

R1: $7.38, R2: $7.52 and R3: $7.63

S1: $7.13, S2: $7.02 and S3: $6.88

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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