Neo Gains 3.66% to Go Beyond $7.5; Resistance Expected at $7.7

• Neo gains 3.66% over the last 24 hours.
• The next resistance is expected to come around 7.7 USD.

Neo has fetched a 3.66% increment over the last 24 hours, and the value against USD has now surpassed 7.5 USD. The three price shifts have given the price trend a range between 7.56 USD and 7.28 USD.

NEO Price Analysis

Neo’s first swing started at 00:07 UTC, and over the next 6 hours and 8 minutes, it went as high as 7.39 USD after adding 0.10 USD. It was followed by a freefall of 1.48% which pushed the value to 7.281886 USD. The next swing came at 16:23 UTC, and from there it started showing strength, and it could lift its value by 3.90% to reach 7.566237 USD.

The market cap of Neo has witnessed a tremendous hike over the last 24 hours. Between October 14 and 15, the market cap has risen from 526.9 million USD to 534.7 million USD.

Neo’s 50-day average is at 8.38 USD that is 9.90% more than its current trading price. Here, Neo has a lot to catch up with. However, as far as the 20-day average (7.42 USD) is concerned, the current price trend is 1.75% above the line. Neo’s next resistance is likely to come at 7.7 USD, as per the recent Neo coin price prediction.