Price Analysis

NEO Shows a Bearish Trend by Losing 3.37% Overnight

  • The market cap of NEO has also taken a drastic fall to 509.014 million USD
  • The next resistance for NEO may come at 7.4533 USD

NEO has witnessed an overall price correction of 3.37% in the last 24 hours and the value against USD has now gone as low as 7.16 USD. It has shown three major price swings in the range of 7.512009 USD and 7.123430 USD.

NEO Price Analysis:

NEO opened the day at 7.412664 USD and in the initial 5 hours, it went as high as 7.512009 USD after a 1.34% hike. It was followed by a decline in the value by 3% between 05:02 UTC and 20:30 UTC. This decline in the value has pushed NEO to 7.287657 USD. The last variation happened between 22:48 UTC and 03:40 UTC; in these 4 hours and 52 minutes, NEO lost 0.243557 USD to touch 7.123430 USD.

The market cap of NEO has witnessed a tremendous cut in these last 24 hours. Between October 22 and today, the market cap has reached 509.014 million USD from 515.099 million USD.

NEO Price Chart
NEO Chart by TradingView

NEO’s 20-day average stands at 7.34 USD and the 50-day average is 8.09 USD. The current value at 7.16 USD is 11.49% and 2.45% less than the 50-day average and 20-day average, respectively. Its next resistance may come at 7.4533 USD.

NEO (NEO)Resistance and Support Levels:
1st Resistance$7.453333333
2nd Resistance$7.606666667
3rd Resistance$7.683333333
1st Support$7.223333333
2nd Support$7.146666667
3rd Support$6.993333333
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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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