- NEO price has shown a major and sharp price surge before closing the previous month
- NEO has maintained its price range above $10 since the start of this month
- The coin seems to be consolidating since a bit long now as after the surge it shows flattish momentum
NEO price has taken a giant leap over the last 30 days. The coin, which was trading around $7 a month ago, is steadily above $10 at present. Despite the recent volatile phase in the crypto market, the currency has not disappointed its investors.
NEO Price Prediction
The movement had been ranging between $7.1 to $7.5 till October 25, when it touched the bottom near $6.87. Seeing a support level there, it jumped sharply with a more than 82% hike. With this surge, NEO traced a close at $12.51 before pulling back to $11.20. Since then, the coin has not crossed $12; however, it has not slipped below $10 also. At 09:30:22 UTC, NEO is trading at $10.58.
The long term SMA line of NEO is below the short term SMA line noting a bullish momentum. However, RSI and MACD indicators do not indicate the same. MACD is tracing a bearish crossover at the moment while RSI is approaching the over-sold phase.
NEO price is likely to see resistance at $11.34, $11.63, and $11.98 while it can meet support levels at $10.7, $10.35 and $10.06.