- NEO coin has done exceptionally well in the market, with an upward momentum amidst heavy price fluctuations
- It may soon touch the next resistance point of $15.85
NEO has become one of the best performers over the last seven days in the market. As most of its peers were struggling to keep the price stable, Neo coin has climbed up by a whopping 10.02%. The current price roams around $15.26.
NEO Price Analysis
On February 12, the coin was trading at $13.87 with a strong bullish impact. In the next three days, the currency traded above $15 mark and reached the highest point of the week $16.78 by a huge hike of 20.99%. From this high, Neo coin started trading downwards and faced a 19.45% drop. This swing pulled the price down to $13.52 by February 17.
After this fall, NEO has witnessed a price escalation to the extent of 15.38%, and the price touched $15.60. Currently, the coin is trading with upward momentum but at the time of writing, the coin faced slight correction and reached $15.26. If we look at the price trend of Neo coin over the last 30 days, it was trading with bullish influence with moderate fluctuations in the last few days.
NEO’s current price is at $15.26, and it’s both 20 days MA and 50 days MA is trending above its current value. On the MACD indicator, the signal line has been maintaining a decent gap against the MACD line and trading below it. So, there is a possibility of further price improvement. The medium-term outlook seems bullish. It may stumble upon the next resistance point at $15.85.
Resistance and Support Levels
R1: $15.85, R2: $16.25 and R3: $16.97
S1: $14.73, S2: $14.01 and S3: $13.61