Neo (NEO) shows stable momentum even under strong ongoing crypto market volatility over the last week. However, from yesterday, it has shown a declining price trend, where it has been trading mostly in the range between $10.03 – $11.45.
NEO/USD Price Chart
NEO coin is exhibiting a gradual declining trend as indicated by the price movements of the last 24 hours. The coin started at a high of $11.4510 at 00:54 UTC. Till 12:00 UTC, it marked stable movement, but then, it started trading downwards. The strong bearish undercurrent in the crypto market managed to take charge and push the price of the coin below the baseline to $10.1524 at 16:25 UTC. After this significant price drop, the NEO coin managed a recovery to the extent of 5.55% at 17:48 UTC and touched $10.71185.
By the end of the day, however, the bears got stronger and again pushed the Neo price down to $10.0282 at 23:54 UTC showing a downward momentum of 6.38%. The price has further reduced to $9.8220 at the time of writing this analysis.
As per the current market scenario and Trade99’s analysts, traders and investors should continue to hold the NEO coin from a long-term viewpoint as it is expected to reap good returns in the future. Day traders and short-term investors should continue to trade cautiously.