Price Analysis

NEO Price Shoots Up in a Month with More than 80% Gains

  • 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.

NEO
NEO Price Chart by TradingView

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.

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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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