After the last few days of struggle, NEO seems to have taken the path to a quick recovery. Over the last 24 hours, it has been stretched by 3.63% and currently trades around 11.97 USD.
NEO Price Analysis
NEO opened the day trading at $11.55, and by 02:22 UTC, it got a hike of 4.01% to mark the highest of the day at $12.02. However, NEO couldn’t manage itself at $12 for long and started falling soon. Over the next 13 hours and 45 minutes, it moved through a slope and lost 3.85% to hit the historical opening price at $11.55. Over the next eight and half hours, NEO coin price got ballooned up by 4.04% and crossed $12 level again.
NEO’s market cap has followed a similar trend over the last 24 hours. It is currently at 841.962 million USD.
NEO’s current value and its 20 days MA are at 11.97 USD. It’s 50 days MA is slightly weak at 11.96 USD. Its MACD line is actively pursuing the signal line, emphasizing the bearish pressure as the price nosedives from $12. We can expect the continuation of the current trend for some more days. It is likely to put a break for a while at the resistance point of 12.09 USD.
| NEO (NEO) | Resistance and Support Levels- |
| 1st Resistance | $11.81 |
| 2nd Resistance | $12.09 |
| 3rd Resistance | $12.21 |
| 1st Support Level | $11.41 |
| 2nd Support Level | $11.29 |
| 3rd Support Level | $11.01 |
