Price Analysis

NEO Price Analysis: NEO Breaks Below $10, Notes 9.5% of Decrease Over 5-Days

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  • NEO witnesses a major downward price shift over a week
  • The coin is well below $10, seeks a rebound
  • The coin has touched price above $10 twice over the last 24 hours

Since 14th August 17:05 UTC, NEO coin has been trying to strike a stable price recovery above $10 against U.S.Dollar. Notably, Bitcoin has recently climbed above $10,000 after having a prolonged bearish impact.

On 11th August, NEO was above $10 and it even had a close above $11 on the same day, before having a closing price. The coin held a downtrend till 13th August, which later saw a mild surge to $10.69 and then corrected down. On 14th August, the coin dropped sharply below $10.00 hitting bottom at $9.29. After the plunge, NEO has been largely below $10 till now, except for two surges above $10.

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At 07:15:31 UTC, NEO price is at $9.60. In the last 5 days, NEO has shown a price decline of 9.51%.

NEO/USD Price Chart

NEO Price Chart
NEO Price Chart

NEO’s price is 26.21% lower than its 100-day SMA of $13.01. Also, its long term SMA is above its short term SMA, which indicates a bearish price trend. NEO has been facing a strong selling pressure since a week now.

NEO Price Prediction & Technical Indicators:

MACD chart for the coin is lowly volatile and is in the beaish zone, though with its MACD line above the Signal line. RSI for the coin is above 40 showing no extremities. NEO price can face resistance at $10.21 and support at $9.41.

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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