Price Analysis

NEO Price Continues to Fall Strong Indications of Recovery

  • NEO attacked by the bear and drops to $7.23
  • The traders need to wait for some time to experience a hefty upsurge

NEO price is moving as per the market trend and It is assumed that the market would take some time to come out of the fall. The visible improvement is expected to take place in the upcoming month.

The current situation of NEO is quite disappointing. We are anticipating that the coming period would take the coin to an astounding level.

NEO to USD Price Comparison:

The data feed is collected from Bitfinex on September 30, 2019, at 10:55:53 UTC for price analysis.

NEO Price
NEO Chart By TradingView

Yesterday, NEO started the day at $7.35 and the price fell to $6.98 by 5.09%. There was a recovery of 2.83% in the price, which took it to $7.17. The fall in the price booked an intraday loss of 2.31%. Today, the price opened with a fall of 3.83%; the price counter changed from $7.17 to $6.90. NEO immediately recovered and touched $7.04 by 1.98%. Further, the price jumped to $7.41 and the progression was of 5.29%.

NEO is dealing with losses due to heavy market pressure. There are rumors that NEO would be seen booking profit in the long run and thus investing in NEO would be a good call. However, we would suggest the traders to stay put and dig-in when there is a visible improvement in the coin. The currency would go best with long-term investment as the short-term might be risky for the traders.

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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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