Price Analysis

NEO Enters into the Recovery Phase Amidst Volatility

NEO price has been under the bear grip since the bearish trend set in the crypto market towards the end of June. The price has fared badly on account of that and has mostly been below the baseline, as seen from the one-month price chart. The price chart for NEO shows the price variation is between $7.009 – $12.82, indicating that during the latter part of the past 30 days, the price is showing a strong urge to be steady and above the baseline price.

NEO Price Prediction

NEO had nothing much to offer for most of the past month. Only during the last week of the last month, it showed some positive upward movement. NEO price was at $7.6965 on October 09. It moved at this flattish range till October 25 when the price reached $7.0093, the slight downward movement being to the tune of a mere 8.78%, indicating that the bears controlled the price of NEO for most of October. After October 25, the NEO coin started showing some positive movement and went up to a whopping 83.95% on October 28 at $12.8297. The NEO coin price now has reached $10.8217 on November 03, the downward movement is 15.65%. The upward trend has continued, and today, the price has gone up to $11.0939 as of now.

NEO price
NEO Chart By TradingView

NEO price had a good run in the crypto market before the bears started exerting control. Even now, the bears are going strong though the coin is trying hard to bounce back and manage an upward trend. Analysts are positive on the future potential of the coin and feel that if NEO continues to hold its current steady ground, then it has the capacity to make a turnaround by the year-end.

Current investors can cash in on the good opportunity in their midst and continue to hold or invest from a long-term perspective. Day traders can trade cautiously and make steady gains.

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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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