NEO has shocked the market with a continuous sluggish movement after a huge gain it made on the first day of the week. It has shown an overall loss of 1.26% overnight. Despite a sluggish trend, the coin managed to breach the $8.6 mark. In this period, the Neo coin has trading in the range of $8.71 to $8.43.
Yesterday, NEO reflected downward correction and in the initial 11 hours & 38 minutes, it lost 2.56% and got placed at $8.49 coming down from $8.71. Then, it managed to touch $8.6 but failed to stay at this high and again fell. At 16:34 UTC, NEO confronted a loss of another 2.03% that took the price to the lowest of the day at $8.43 from $8.6. After this decline, it marked steady upside movement and gained 2.28% value that added $0.192479 which helped NEO price to scale as high as $8.62 by 01:59 UTC today.
NEO Price Prediction
The current market cap of NEO coin is at 614.275 million USD, and over the last 24 hours, it has shown an increment. Yesterday, it was at 613.130 million USD.
The 20 days MA stands at $8.61. The current price of NEO and its 50 days MA rest at the same point, $8.60. 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