Price Analysis

NEO Exhibits Sluggish Movement; Next Support to Look for $8.4

NEO is trading at a moderate from the past few days. Most of the major cryptocurrencies seem to be under pullback pressure. NEO coin is also experiencing the same and its price trend has remained moderate from the opening hour till now. There is not much expectation from the coin for the rest of the day.

NEO Price News
NEO/USD Chart By TradingView

NEO Price Prediction

Yesterday, NEO started the day at $8.911. The price jumped to $9.029 in the opening hour by 1.33%. Further, the price slipped to $8.827 by 2.28%. Then, the currency remained locked at the same level for some time, and after that, it was followed by an upsurge. The price jumped to $8.9096 but then, it slipped to $8.7718 by 1.08% regression. Then again, the NEO price jumped to $8.9932 by 2.52% hike. From this price point, the coin fell tremendously and slipped to $8.5908 by 4.40%. After this drop, coin exhibited slight recovery and the price escalated to $8.7268, but again it slipped to $8.5085 by 2.52% drop. The intraday movement in NEO brought 4.54% regression in the price. Today, the currency is reflecting moderate movement and trading in the same range.

NEO price is currently trading at $8.5396. The improvement in the coin is indicating the upside movement in the price. However, if the movement reverses, then the NEO coin would find immediate support at $8.43. The interested traders are recommended to opt for the long-term investment plan. The specified period is speculated to give the desired result to the traders.

Resistance LevelPriceSupport LevelPrice
R1$8.88S1$8.43
R2$9.18S2$8.28
R3$9.33S3$7.98
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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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