Price Analysis

Will NEO Drop Below the 30-day Low Second Time in a Week?

  • NEO coin deals around $8.80 during the intraday trading
  • The price is speculated to drop below the major support level

NEO price movement is quite disturbing for the intraday traders. The price is at $8.80, and the major support level is at $8.73. The same might cross in the coming hours. The coin dropped to $8.41 on November 25. If the fall in the price continues, there is a strong possibility that NEO might violate the 30-day low twice in a week. Yesterday, NEO price was seen touching a high at $9.41 and a low at $9.03. The volume was marked as $372,281,335.

NEO Price Prediction

Yesterday, the NEO coin started dealing at $9.17. During the opening hours, the coin slipped to $9.05 by 1.30%. Further, the currency jumped to $9.45 by 4.38%. Later, the price picked up and touched $9.45 by 4.38%. The currency fell to $8.98 by 5.02%. The price slightly picked up again and touched $9.18 by 2.22%. The pressure took the NEO price down to $9.01 by 1.79%. The closing hours again reflected uptrend that took the coin to $9.33 by 3.60%. Today, the currency is registering heavy downtrend. The price started falling from the beginning of the day. The counters moved from $9.33 to $9.10 and then, $9.23 to $8.80. The regression marked was 2.59% and 4.67%, respectively.

NEO News
NEO Chart By TradingView

NEO is currently dealing at $8.92. The price has already dropped below the immediate support level at $9.11. There is a strong possibility that the coin might fall below the next support level.

Resistance LevelPrice
R1$9.49
R2$9.64
R3$9.87
SupportPrice
S1$9.11
S2$8.88
S3$8.73

NEO is speculated to improve in the coming time. The traders are recommended to go for long-term investment to book a colossal profit.

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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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