The major cryptocurrencies of the market are reflecting heavy pressure since the opening hour. The same has affected the NEO coin as well. There was a slight recovery observed in the currency, but the pressure is still hanging tight. The price is dropping at a tremendous speed, and the same might be seen until the closing.
NEO/USD Price Chart:
NEO price was trading at $14.94 in yesterday’s initial hours. The coin escalated to $15.82 by 5.27% hike in the next 5 hours. Then, the price slipped, and at 08:10 UTC, it was at $15.25. The coin improved after this fall and reached $15.77 by 3.42% hike. NEO coin took a steep fall to $13.45. However, the price immediately improved and touched $14.50. At the closing hours, the coin was trading at $14.75. The intraday movement in the NEO reflected 1.47% regression in the price.
Today, the NEO coin price dropped in the opening hour. The price counters moved from $14.75 to $13.64 by 7.53% fall. The currency improved to $14.34 by 5.28%. Recently, the price dropped to $13.47 by 6.07% and immediately it recovered and touched $13.84. As per Trade99’s analysts, the coin may trade in a similar range or might trade downside marginally in the coming hours.
The current price of NEO is near the immediate support level at $13.65. The same might get violated in the next few hours. However, NEO might improve, so chances of escalating are also ripe.