NEO has shocked the market with a continuous sluggish movement after a huge gain it made on the first day of the week. Over the last 24 hours, it has shown an overall loss of 1.26%, and it fell to the support of 8.6 USD. In this period, the coin has shown three major price variations in the range between 8.71 USD and 8.43 USD.
NEO’s first swing started at 00:25 UTC, and over the next 11 hours & 38 minutes, it lost 2.56% value and got placed at 8.49 USD coming down from 8.71 USD. The next shift happened between 12:26 & 16:34 UTC and over these 4 hours, NEO confronted with a loss of another 2.03% that took the price to the lowest of the day at 8.43 USD. It was followed by a 2.28% hike that added 0.192479 USD to the value and helped NEO price to scale as high as 8.62 USD by 01:59 UTC today.
NEO Price Prediction
The current market cap of NEO cryptocurrency is at 614.275 million USD, and over the last 24 hours, it has shown an increment. Yesterday, the market cap of NEO was 613.130 million USD.
NEO’s 20 days MA stands at 8.61 USD. The current price of NEO and its 50 days average rest at the same point, 8.60 USD. As far as the placement of the averages goes, we should not expect any significant move towards growth in the coming days. However, experts believe that NEO may bounce back in the upcoming days.
Resistance and Support Levels
R1- $8.816, R2- $8.943, R3- $9.086
S1- $8.546, S2- $8.403, S3- $8.276