NEO Coin
Price Analysis

Bears Continue to Wield Power Over the Price Of NEO

  • NEO price has been undergoing a lot of variations as seen from the one-day price chart

NEO has been trying to maintain its upward momentum in the ongoing crypto market volatility. The bears are in no mood to relent and the price of NEO is undergoing a lot of variations as seen from the one-day price chart. NEO has been moving in the range of $7.35 – $7.61 in the said duration.

NEO to USD Price Analysis:

NEO price has been fluctuating and even gone below the baseline as seen from the one-day price chart of Oct 09. From a high of $7.6162, the price fell to $7.3536 at 12:21, the fall was below the baseline price and was to the extent of 3.44%. At 20:25 UTC, the price of NEO made a recovery to the extent of 2.11% at $7.507. However, the price slightly fell to $7.4928, fall being to the tune of 0.19%. The current day’s trading price (at the time of writing) is at $7.4090, which is lower by 0.11%.

NEO Price ChartNEO had managed to create a steady upward price swing, even though the year did not begin on a good note for the coin. This upward swing was visible till end of June. After that, when the bears made their presence stronger in the crypto market, the price of NEO took a hit and started spiraling downwards on a continual basis. Analysts expect the bearish trend to continue for the short-term but is bullish for NEO’s prospects for the year end.

 Investors can only wait for the crypto market to show stability and come out of this volatility phase. They should hold their investments for the long-term and the short-term investors could still gain if they time their investment decisions precisely by studying the volatility factor.

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