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Price Analysis

NEO Escapes From the Bearish Trends; Price Ticks at $7.35

  • NEO price indicates an uptrend in the intraday trading.
  • The movement in the price points towards a prosperous future.

NEO price is reflecting a slight uptrend at the moment as the price is marked at $7.35 during the time of penning the article. The market performance is quite volatile, fluctuation started in the trading price from the beginning of the month. We have stepped in the last quarter of the year and all the eyes are on the movement of the coin as it is the last opportunity to mark recovery from previous quarter’s loss. NEO is likely to give flourishing result in the future.

NEO Price Analysis:

NEO Price Chart
NEO Chart by TradingView

In the month of September, NEO started trading around $8.8 and the price kept moving around the same level for some time. There was a sudden hike which took NEO to trade around $18.89. Later, it returned to $8.74 and started trading with an escalation of 18.84% at $10.38. Further, NEO recorded a fall in the price that brought it down to $7.20 by 30.25% and the month closed around $7.85 with a loss of 11.37%. The ongoing month started at $7.85. There was fall marked but soon, it touched $7.80 again. The current price is noted as $7.35.

With the market cap of $521,484,677, the currency is moving on the path of breaking the resistance level at $7.51. The 24hr volume is at $241,009,834. Yesterday, the volume was noted as $263,183,654. The increase in the counters is a clear indication that the price would escalate soon. The movement in NEO has always remained moderate. However, the expected momentum would help the traders earn a colossal profit.

The resistance level 1 is at $7.51, the next resistance is created at $7.72 and resistance level 3 is formed at $7.82. If the price doesn’t fall into place, then it would be supported at $7.2, or further at $7.1 or next at $6.89.

NEO is recommended for long-term traders. The specified period is anticipated to give a noticable result.

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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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