NEO price has fallen to the support of $8.54 over the last 24 hours, and it has been through three major price changes. The currency has marked an overall regression of 4.47% in this period and the range of the price changes lies between $9.03 and $8.50.
NEO Price Analysis
NEO coin opened the day at $8.9463, and its first variation happened between 02:01 and 11:10 UTC. Over these 9 hours, the coin lost 2.45% value and got placed at $8.8123. It was followed by a 1.93% hike that added $0.17 to the value and pushed the NEO price to $8.9872 by 16:15 UTC. This recovery was followed by a price drop of 5.38% that made the currency go as low as $8.5044 over the next 9 hours & 42 minutes from 16:15 UTC. Currently, the coin is trading at $8.5446.
NEO’s 20 and 50-days moving averages are at $8.53 and $8.52, respectively. The current price of NEO coin roams around $8.54 that is 0.23% and 0.11% more than the 50 days and 20 days MAs, respectively. The next halt for the coin may come at the resistance of 8.88 USD in the coming few days. Investors are advised to hold their coins as the medium-term of NEO may get bullish.