NEO coin’s movement has astounded the traders. The currency was spotted breaching 90-days high and setting a new at $15.83. The 52-week high of NEO is $20. Well, it looks like the rest of the month might hit the same. The current selling pressure in the coin might stay for a while. The closing might be dramatic in NEO for today.
NEO Price Analysis
Yesterday, the NEO coin was trading at $13.94, and then in the next 1 hour and 42 minutes, the price was at $14.36. Then, the currency slipped marginally but it recovered to $14.75 in the next 5 hours. Later, the price plunged again and reached $14.36 at 09:21 UTC. The currency price escalated to $14.88 by 3.62% at 10:35 UTC. After this escalation, the NEO price locked at the same level till 14:20 UTC. There was an improvement spotted that took the price to $15.31 at 20:32 UTC. After the hike of 4.47%, NEO corrected downwards and reached $14.84. The overall intraday movement in NEO reflected a 6.57% upsurge.
Today, the NEO coin started with an upsurge. The price counters moved from $14.84 to $15.77 by 6.24%. After reaching this high, the currency price locked around the same level for a while. However, from this high, NEO faced steep fall and the price dropped to $14.55 by a huge fall of 8.03%. As per Trade99’s analysts, the coin might drop in the upcoming hours if the current downward momentum remains intact.
The immediate resistance level is at $15.46, and the immediate support level is at $13.13. The support level could get breached in the coming hours due to the pressure.