Like major altcoins, NEO has also faced market pressure from the past few days. There has been no respite for the price of NEO as seen from the past seven-day price movement, where the price is moving between $8.70 – $9.30.
NEO Price Analysis and Forecast
NEO has a long way to go as its price is still moving below the baseline as seen from the past seven-day’s price movement. From a high of $9.3094 on September 09, NEO fell to $8.7022 within a day to the tune of 6.58%. The price had a rally on September 12 within a time span of a day at $9.0341 to the extent of 3.86%. But this moment was short-lived as the price again went down to $8.8213 on to the tune of 2.36%. Currently, NEO is trading at $9.067066, which is higher by 2.79%.
NEO to USD Price Chart by TradingView
NEO began the year on a low note and showed a flattish upsurge till April when the price managed to gather momentum. But this phase did not last long, and the price went on a downslide till mid-May. Then onwards, it was a good upward phase for NEO with the price peaking in June. The bears got stronger in July and started putting pressure on the price of NEO coin. The price went on a continual downslide. NEO is trying to make a recovery and maintain a steady upward momentum, but because of the present volatility in the crypto market, this may take some time.
Investors can cash in on the current downturn in the price and invest for the long-term. Short-term investors may not gain much in this current volatile market.