Price Analysis

NEO Battles with the Bearish Trend; Loses 4% Overnight

  • NEO price movement registers downtrend
  • The intraday movement experiences fight back as the coin trades around $11.25

The crypto market is currently in a bad phase. The pressure in the market is drawing coins to a lower level. The big forces in the market couldn’t fight the same and are dealing with losses. NEO is also falling due to the same reason. However, the coin is currently seen battling with pressure. The currency seems locked around $11.25.

NEO Price Analysis:

Yesterday, the coin started the day at $11.74. The currency escalated to $12.01 by 2.24%. The price slipped to $11.71 by 2.51%. NEO price escalated to $11.90 by 1.91%. The currency slipped to $11.61 by 2.77%.

Later, the price improved and escalated to $11.90 by 2.50%. The coin slipped to $11.42 by 4.09%. During the closing hours, the price jumped to $11.52 by 0.92%.

Today, the NEO coin started dealing at $11.52. The price slipped to $11.30 by 1.88%. The coin jumped to $11.55 by 2.18%. The counter slipped to $11.31 by 2.05%.

NEO Price Chart
NEO Chart by TradingView

The price of the NEO coin is currently dealing at $11.25. The price has breached the immediate support level at $11.28 and is moving towards the next support level at $11.01. If the momentum continues then the coin might drop below the major support level at $10.6.

Resistance LevelPriceSupport LevelPrice
R1$11.96S1$11.28
R2$12.37S2$11.01
R3$12.64S3$10.6

NEO is ideally suggested for long-term traders. However, the current momentum in the coin isn’t the best time for purchase. The traders are recommended to stay put and wait for a stable momentum.

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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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