NEO coin is spotted under heavy pressure since yesterday. The tremendous fall in the coin didn’t leave any room for improvement. The last quarter marked a heavy drop in the NEO price. The hopes are relying on the current quarter. The speculations believe the currency would improve substantially during the same period. The coin is spotted improving since the opening hour. The same might stay and help NEO embark on the much-awaited upsurge.
NEO Price Analysis
Yesterday, the NEO coin began the day at $8.93, and then, it reached $9.04 by 1.27% hike. The currency couldn’t hold for long at this level and slipped to $8.96 by a marginal drop. The coin jumped to $9.07 again by 1.22%. Thereafter, the fall embarked and took the NEO price to $8.90 by 1.89%. After this price drop, the currency improved and escalated to $9.04 by almost a 2% hike. The price fell once again and this time, it touched $8.80 by 2.64%. The downside movement remained intact and took the price to $8.64 by 1.97%. The closing hours brought the NEO price to $8.71 by 0.84%. The intraday movement brought 2.44% regression in the price. Today, the coin started the day at $8.71. The price has improved amidst ups and down to $8.75.
As per the current trend, NEO may trade to its immediate resistance level at $8.97. The chances of breaching the same are high, and in the coming hours, the same might take place. However, if the trend reverses, then the coin would find immediate support at $8.52.
NEO keeps a moderate pace since the beginning of the day. Hence, we would recommend the coin to long-term investors.