Price Analysis

NEO Price Analysis: NEO Awaits a Strong Price Boost to Touch $15 Within a Couple of Months

  • NEO price is correcting up from $10.80, yet to cross $11
  • The coin resumes yesterday’s bearish trend, carries selling pressure
  • NEO has recently broken below its 5-day SMA of $11.51
  • The coin has traced a bearish trendline starting from 21:48 UTC yesterday, which remained intact till today morning

NEO has recently started to take an uptrend against U.S.dollar as it is heading up while having support at $10.80. The coin has recently lost its price position above $11, unlike Bitcoin which has maintained its price above $11700 even after seeing a major fall from $12k.

Yesterday, NEO had its opening price at $11.34 and it maintained its price range above $11 whole day. The coin had its 24-hour high price at $11.62 after which it saw a major and steep fall to $11.09. The coin corrected up from there and it had its closing price at $11.32. At 5:53 UTC today, NEO witnessed a sharp price drop of 7.10% causing it to hit the bottom at $10.80.

The coin has started to move above the support level near $10.80 and is at $10.93 at 09:56:48 UTC.

NEO/USD Price Chart

NEO Price Chart
NEO Price Chart

NEO’s current price is 15.79% lower than its 100-day SMA of $12.98 and is even below its 5-day SMA $11.51. The coin is carrying a selling pressure while witnessing a bearish phase.

NEO Price Prediction & Technical Indicators:

MACD for the coin is lowly volatile and is heading for a bearish crossover. RSI for the coin is at 50 showing no extremities. NEO may face resistance at $11.53 and support at $10.73.

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Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.

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