The crypto market is moving in a direction where most of the major coins might close the year at an unexpected low. In 2018, there was a similar momentum in the market. Bitcoin started the year at around $20,000, but the closing price was $3,000. This year, BTC price touched $13,700 and now, it is trading around $6,600. Being a top player, Bitcoin is affecting the entire market. Similarly, the NEO coin is also trading with downward momentum. Recently, NEO breaches the 30 days low and sets a new at $7.80.
NEO Price Analysis
Yesterday, NEO started dealing at $8.46. The currency slipped to $8.26 by 2.31% fall. The price escalated to $8.43 by 1.98%. Then, the currency moved to $8.28 by 1.71% change. The coin jumped to $8.39 by 1.24%. Further, the currency took a steep fall and reached $8.03 by 4.24%. There was a slight improvement that took NEO price to $8.09 by a marginal hike. The price slipped again to $7.87 by 2.66%. The coin again struggled to improve and touched $7.98 by 1.42%. The final hours of the day brought the price of NEO coin to $7.83 further, escalated to $7.94 and closed the day.
The intraday movement in the NEO coin reflected a 6.09% fall in the price. The counters changed from $7.94 to $7.86. The coin jumped to $8.22 from $7.86 in the later hours. However, recently, NEO again slipped and is at $7.99.
As per the current, It seems that NEO is heading towards the immediate support level at $7.65 as the current price of the coin is $7.99. The traders are suggested to hold on their investment for a while as the drowning market might bring loss. As per the past performance of the coin, it may recover soon and trade upwards.