If we look at the past five days’ movement, NEO coin was priced at $7.60 on October 3, 2019. On the same day, the price dropped to $7.18. Despite the fall, NEO managed to show an upward rise by 4.53% within a day’s time. On October 6, 2019, the coin was being traded at the lowest trading price of $7.02. However, it bounced back well, and today, it reached as high as $7.66. While writing this analysis, the movement continued to be an upward one.
NEO Price Prediction
At present, the NEO coin is reflecting an upside movement of 7.09% as compared to the price drop of October 6, 2019. The same trend is expected to continue tomorrow also with the price reaching its next resistance $7.68. On the downside, it may face next support near $7.43.
As per the current movement, we suggest holding the existing coins to get decent profits in the long-term. NEO can be traded today in the range of $7.27 and $7.68. The CMF indicator also confirms that the NEO coin price is reflecting an upward trend. NEO has very good potential in the long run as the coin may cross its 30-Day high of $10.34 by the end of the year. If the price of the coin continues to rise further, the next major resistance levels may be reflected at $7.84 and $8.09, respectively.