- NEO lost 3.41% value in one day and went below $11
- Its value may reduce further to $10.66 in the coming days
After the last few days of strengthening, the NEO coin seems to have finally settled for a price correction. Over the last 24 hours, its value has been dropped by 3.41%, and its current price roams around $10.98.
NEO Price Analysis
NEO price was at $11.378 at the opening of the day when it started strengthening. Over the initial 8 hours, it managed a hike of 2.66% that added $0.3023 to the value and pushed it to $11.680, the highest for the day. It was followed by a price correction of 3.70% that pulled the NEO price down to $11.248 by 12:16 UTC. The last variation happened between 14:57 & 00:31 UTC. In these nine and a half hours, NEO’s value receded by 5.01% and touched the lowest of the day at $10.854.
NEO’s 20 days MA ($10.99) and 50 days MA ($10.996) have managed a marginal lead over its current price ($10.98). It may see a continuation of the bearish pressure in the short-term as per Neo long term price prediction. By this weekend, it may have to take shelter at the support at $10.66. Investors need to cautious of sudden ups and downs.
| NEO | Resistance and Support Levels |
| 1st Resistance | $11.54 |
| 2nd Resistance | $11.83 |
| 3rd Resistance | $11.98 |
| 1st Support | $11.10 |
| 2nd Support | $10.95 |
| 3rd Support | $10.66 |
