Neo (NEO) has been basking in the glory of stable price momentum in the upper range though the strong bear pressure pushes the price down at regular intervals. If we look at past week’s price trend, Neo registered stable upside momentum. The past one-day price trend of March 16 also has seen a similar trend with the price of NEO coin oscillating in the range between $4.94 – $5.90.
NEO/USD Price Chart
NEO price saw huge volatility yesterday, as evident from the continual price fluctuations. The coin was in the upper range at the start of the day at $5.9092 at 1:09 UTC. The continual bear pressure pushed the price of Neo coin down to $4.9414 at 10:58 UTC, the downward variation being to the extent of 16.33%. The currency gave a good fight when it went up to $5.4563 at 16:00 UTC, and the upward rally was to the tune of 10.53%. At 21:12 UTC, the price of NEO again slid to $5.2169, showing a downturn of 4.44%.
Towards the end of the day, the coin managed to move in the upward direction to $5.4090 even under strong bearish pressure, with the price movements being at 3.68%. Today also NEO has managed to keep its price in the upper range around $5.68. However, as per Trade99’s analysts, Neo coin may trade in this range for some time and might find support near $5.55 in the upcoming hours.