Price Analysis

NEO Price Takes Steep Walk With a 2.7% Loss

NEO price is currently falling tremendously. The intraday trading in NEO seems dull and looks like it would remain the same for the rest of the day. The current market scenario is also giving mixed reactions. The movement in the price of the coin has been quite astounding from the past week. On October 24, 2019, NEO was dealing around $6.9. The coin started moving up and climbed to $11.3 which was recorded yesterday. However, due to slight drop, NEO is closed around $10.

NEO Price Analysis

Yesterday, NEO started dealing at $11.28. The price slipped to $10.77 within the first few hours. The regression was 4.71%. The price recovered and marked upside movement. The escalation was 2.18%. Further, the price slipped to $10.24 as it couldn’t hold itself at $11.01. The drop was 6.94%. The recovery in the second half took the price to $10.76 by 5.08%. The rest of the day was spent around $10.60. The intraday price movement marked a loss of 6.08% as it closed at $10.61. Today, the price fell during the opening hours. The counters switched from $10.61 to $10.27 by 3.15%. Further, the price pricked up and marked an escalation of 3.31%.

NEO to USD Price Chart
NEO Price Chart by TradingView

NEO price is currently dealing at $10.58. The movement in the price is reflecting immediate support at $10.15. However, on the upside, the coin would move towards the immediate resistance level of $11.23. There are thin chances that the NEO coin would move upwards in the near-term. To avoid losses, traders should consider following list of resistance and support levels:

Resistance Level Price
R1$11.23
R2$11.85
R3$12.31
Support Level Price
S1$10.15
S2$9.69
S3$9.07

The price movement in the coin might not be great at the moment, but it would soon improve. The investment in the coin wouldn’t go futile. NEO is recommended for long-term investors as it would give the best result during the same.

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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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