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NEO Devalues by 6% in the Past 5 Days

NEO has been working rigorously on their visibility. It can be confirmed by the continuous speech and visible sessions given by NEO team discussing about the approach of the network in the Delta Summit 2019 in Malta. The focus is now reaping and discussing about the impact of NEO towards smart economy. This might help develop better trust and faith in the investors and crypto followers.

NEO to USD Price Analysis:

NEO at the time of writing was trading at $7.16 at 07:28 UTC as on October 7, 2019.

Yesterday, NEO was initially seen trading at $7.4096 around 00:1 UTC which led to a devaluation of 3.40% when the value was seen trading at $7.157. A slight increase in the value by 2.45% was then realized at 16:57 UTC, when NEO was trading at $7.33.

The value then dropped of 4.79% to the lowest touch point of $6.97 at 18:40 UTC. From then, the value is escalated by 2.69% as of now. NEO is recently seen fluctuating in the strong bearish zone below the baseline. You can visit our Neo coin price prediction to know more about future forecast by our experts.

To avoid from further losses in this volatile market, the resistance and support levels are calculated as follows:

Resistance Levels:

R1: $7.38, R2: $7.52, R3: $7.63

Support Levels:

S1: $7.13, S2: $7.02, S3: $6.88

Vivaan Shah: Vivaan Shah is a professional Forex and Cryptocurrency Market Analyst with a background in Finance. He has worked in several foremost publications before getting into NameCoinNews. He has been involved in the cryptocurrency for years. He loves to spend his free time in recording podcasts for crypto beginners. He also enjoys to explore cryptocurrency products.