The altcoin was priced $9.27 on November 27, 2019, with an upward movement. There was a sharp drop marked, but the coin still managed to reach $9.86 with a 12.32% escalation. Post this; NEO price started to decline rapidly and reached $8.51 on December 5, 2019. Two days later, it managed to rise by 7.87%, with a price touching $9.18. After that, the price dropped once again on December 12, 2019, but it managed to rise by 8.82% afterward and reached $9.11. The lowest price for the altcoin was $7.81 which was recorded on December 17, 2019. On the next day, the NEO price rose by 13.40% and was traded at $8.85. While preparing this analysis, the altcoin was reflecting a downward run.
NEO Price Prediction
NEO shows a downward movement by 5.44% as compared to the price of December 23, 2019. The currency may continue to fall in the near-term and reach near its immediate support $8.4. If the current trend reverses, the coin may get traded close to $8.8 soon.
You may hold the existing coins or even invest your money in purchasing the new coins. MACD indicator presents the bearish dominance over the currency. The past 1-month trend of NEO has been mixed with the coin managing to bounce back almost every time since its fall. This shows the potential of the coin, and hence, there is a thin possibility of trend reversal and the currency may trade upwards.
Resistance & Support Levels
R1: $8.71, R2: $8.87 and R3: $8.94
S1: $8.48, S2: $8.41 and S3: $8.25