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Price Analysis

The Bullish Trend Has Levelled a Bit for NEO

NEO is having a buoyant trend and is moving strongly toward the upwards. NEO Foundation has tied-up with Celer Network that aims to improve the scalability and usability of NEO’s DApps ecosystem for mass adoption.

NEO Price Analysis:

As on August 24, NEO was trading at 10.16 USD. Henceforth, in a period of 25-days, it has made a decline of 6%. In the weekly chart, NEO marked a hike of 6.44% from the market price of 8.97 USD on September 14, 2019. In the intraday trading, NEO dipped by a margin of 4.13%. Yesterday, the crypto opened around 10.16 USD and wrapped up around 9.74 USD.

NEO price chart
NEO Chart By TradingView

As per our speculation and historical data, NEO will most probably trade up to $20 in the upcoming months. The immediate resistance for the NEO coin is at 10.53 USD and the support level is at 9.01 USD.

The coin has shown some unexpected hikes in the last few days. However, those uptrends have washed off since yesterday. Still, NEO is trading with positive momentum and is moving at a stable pace. For now, the short-term is slightly bullish.

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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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