fbpx
Price Analysis

NEO Becomes the Gainful Investment for Short-term

NEO recently launched NEO3 TestNet. This will enable the developer communities to rest and explore NEO3 upgrades every time. 

NEO Price Analysis:

Yesterday, the price of NEO was initially seen at the lowest point of $9.12 at 01:31 UTC. The value from then escalated by 8.27% at 21:15 UTC and the trading price changed to $9.87. A slight drop of 3.58% was seen at 23:58 UTC, yesterday when NEO was exchanging at $9.52. The value from then has increased by 2.67% as of now. 

NEO price chart

NEO is playing around the Pivot Point. So, analyzing the trade scenario might be an ideal solution for some more time. The resistance and support levels are calculated as follows:

Resistance Levels: 

R1: $9.9, R2: $10.23, R3: $10.63

Support Levels:

S1: $9.17, S2: $8.77, S3: $8.44

Conclusion

NEO has been a popular currency for many followers and investors now. Considering the trade as of now, the short-term investment will be eligible to fetch returns. However, one might have to keep a keen watch on the lowest and highest point in the chart. 

Long-term investment, however, might not fetch enough gains when compared to the short-term trade. So, one might have to hold on to their positions until the time strong bullish trend is manifested.

Tags

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

Related Articles

Back to top button
Close