NEO coin price has been moved from $7.01 to $7.88 over the last 24 hours. The gain remains around 12%, and it is on the consonance of overall market growth. The next resistance for Neo may come by $8.02.
If we look at the monthly price movement of NEO/USD, after hitting a low at $4.69 on March 13, the currency exhibited slow and steady upward momentum. In mid-March, NEO price was trading around $5.5, and then, it continuously increased its price level at regular intervals. Over the last week, the currency managed to trade above $6.5, and in the last 24 hours, it has marked tremendous growth.
Neo price was at $7.011 when it started trading yesterday, and in the next 9 hours and 27 minutes, it gathered momentum and added 5.88% value. It was followed by another stint of a hike that added $0.40 and pushed the price to $7.77. However, NEO’s growth story didn’t end here. It further rose to $8.02 by 00:27 UTC of today after gaining 4.52% value.
NEO’s current price at $7.88 is 0.12% and 0.25% below the 20 days MA and 50 days MA, respectively. Its RSI is now around 40 points, and investors may expect a further stretching of the current gaining spree. The next resistance may come by $8.02. The medium-term outlook of Neo coin seems bullish.