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Price Analysis

Will Bulls Upstage the Bears in Case Of NEO?

  • NEO price is showing recovery as seen from the one-day price chart.

NEO had mostly been under the bear radar, since July. From the past day, the coin price has been seen moving above baseline, indicating that the bulls are ready to surge ahead. The price of NEO for September 18, has been in the range of $9.58-$10.24.

NEO to USD Price Comparison

NEO price has been given some respite by the bears with the price showing an upward momentum over the past one day. The price of NEO was at $9.5752 at 3:45 UTC. Then, it rallied to $9.9572 at 7:54 UTC to the extent of 3.02%. At 12:05 UTC, the price again fell to $9.6148 to the tune of 3.47%. After then, the price of NEO started showing an upward trend at $10.2373 at 14:54 UTC. At 23:03 UTC, the price had a slight fall at $10.1185 by 1.16%. Today, the price is hovering around $9.32 at 4:36 UTC, which shows a downtrend to the extent of 7.79%.

NEO Price
NEO Chart By TradingView

NEO Price Prediction:

NEO price has seen a lot of ups and downs, since the beginning of the year. From July till now, the price of NEO has been under constant pressure from the bears. However, the trend on September 18, indicates upward momentum. It has to be seen whether NEO will be able to maintain the momentum in the coming days or not.

Conclusion:

Long term investors should continue to hold on to their investments, as the crypto market is yet to show stability. Short-term and day traders can gain as the market is trying for an upward swing.

 

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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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