Price Analysis

NEO Shows a 10% Hike in the Last Three Months Despite Multiple Frictions

  • NEO price grew by 10.03% in the last 90 days, and it is now nearing $10
  • There has been a significant increase in the market cap of NEO as well

NEO’s price trend has shown huge volatility over the last 90 days, and the value has shown a slight increment over these days despite a few unprecedented freefalls. It has been through four major price variations in this period.

NEO Price Prediction

NEO coin was being traded at 8.73 USD on August 31, and it got a hike in the next 18 days to reach 10.13 USD. From September 18, it showed signs of weaknesses, and with a 32.50% decline in the value, it got down to as low as 6.82 USD by October 24. It was followed by an increment in the NEO price by 94.26%, and it helped the currency to scale its value to the highest of the last 90 days at 13.20 USD by November 14. The last variation happened between November 14 & 27, and in these 13 days, NEO lost 4.47 USD to touch 8.72 USD.

NEO Price
NEO Chart By TradingView

NEO’s market cap on August 31 was 622.362 million USD, and it has been increased to 689.497 million USD. The highest market cap for NEO was achieved at 931.143 million USD on November 13.

NEO’s 200 days MA is now at 9.51998 USD, and it’s 50 days MA stands at 9.538283 USD. The current value at 9.614285 USD is 0.79% and 0.99% more than the 50 days and 200 days moving averages, respectively. NEO’s upward trend is likely to take it to newer heights and resistance is likely at 10 USD in the coming few days.

NEO Resistance and Support Levels
1st Resistance$10
2nd Resistance$10.24
3rd Resistance$10.58
1st Support$9.42
2nd Support$9.08
3rd Support$8.84
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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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