- NEO grew by 1.75% in the last 24 hours to trade near 7.5 USD.
- The next resistance for NEO may come at 7.51 USD.
NEO has grown over 1.75% in the last 24 hours and the value of each coin against USD is now at 7.46 USD. The four major price swings of NEO show the volatility in the market.
NEO Price Analysis:
NEO’s first price swing happened in the initial 3 hours and 45 minutes and it cost NEO 1.66% which pushed the value to 7.21 USD. From there it got strengthened and by 10:47 UTC, it scaled as high as 7.46 USD. This 3.57% hike was followed by a fall of 3.06% and it made a cut of 0.22 USD from the coin and made it placed at 7.241 USD. The last swing happened between 16:18 UTC and 03:49 UTC and this made an increment of 3.36% that added 0.243 USD to the value and placed it at 7.485 USD, the highest for the day.
Over the last seven days, NEO has been trying to recover the swift fall of October 16 from 7.5 USD to 6.9 USD. However, the current value has reached 7.4 USD and it may take a few days to breach the target.
NEO’s 20-day and 50-day moving averages are7.36 USD and 8.13 USD. The current trading price is 7.46 USD which is 8.24% less than the 50-day average whereas 1.35% more than the 20-day average. The next resistance for Neo is likely to come by 7.51 USD.
Resistance and Support Levels
R1- $7.51, R2- $7.60, R3- $7.73
S1- $7.29, S2- $7.16, S3- $7.07