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NEO Continues to be Squeezed; No Sign of Recovery Yet

NEO has followed the market trend and made a loss of 1.40% in 24 hours. The whole price trend can be divided into three major price fluctuations between 8.70 USD and 8.44 USD. It currently trades at 8.58 USD.

NEO Price Prediction

NEO opened the day at 8.7031 USD, and over the next nine hours, it lost 1.14% and got placed at 8.6035 USD. After a few hours of volatility, the coin again started weakening and between 11:17 and 18:03 UTC, it faced a fall of 3.05% that cost it 0.2656 USD and moved the NEO price to the lowest of the day at 8.4442 USD. At 18:03 UTC, the price started gaining and managed to add 0.171572 USD by 01:54 UTC and NEO scaled the value to as high as 8.6159 USD.

NEO’s 20 days MA is 9.15 USD, and its 50 days MA is 10.21 USD. The price of NEO coin currently is 8.580524 USD is 15.95% and 6.22% less than the 50 days and 20 days moving averages, respectively. The current price movement much below the averages shows that NEO may not witness an abrupt hike in the next few days, as per Neo price predictions.

NEO Resistance and Support Levels
1st Resistance $8.76
2nd Resistance $8.91
3rd Resistance $9.03
1st Support $8.49
2nd Support $8.37
3rd Support $8.22
Ronald Cribbs: Ronald Cribbs is a reporter who has studied in Journalism and previously worked as a freelance reporter in well-known publications and financial news websites. He is regularly going for the interview with leading industry players of crypto space. He has been following cryptocurrencies since 2012.