NEO Price Rallies Despite the Heavy Market Pressure

The crypto market is registering heavy fall now. Most of the coins in the market are registering the loss and waiting for an upsurge to take them out. However, there are still some coins that have managed to keep the price up. NEO falls in the latter category of the coins. Yesterday, NEO price was seen touching a high at $11.86 and a low at $11.17. The volume was at $498,226,128.

NEO Price Analysis

Yesterday, NEO started dealing at $11.36. The coin slipped to $11.20 by 2.24%. The price jumped to $11.50 immediately after touching $11.36. The progression in the coin was 3.50%. The price shifted to $11.15 by 3.05% drop. There was another improvement that took NEO coin to $11.63 by 4.19% hike. The price dropped to 2.50%. The closing hours brought the major escalation and took the NEO price to $11.74. The intraday movement brought a 3.35% profit. Today, the currency started the day with an escalation of 2.24%. The price counters switched from $11.74 to $12. The coin has recently fallen under the market pressure.

NEO opened the day with a heavy upsurge. The price touched $12 and almost reached the immediate resistance level at $12.04. However, the price seems to fall under the market pressure and slipped to $11.62, which is quite near to the immediate support level, and it is speculated that it would breach the same in the coming hours.

NEO is usually suggested for long-term traders due to its stable walk. But, as per the recent scenario, we would recommend to hold the investment for some time and wait for the stability in the market. Do read our CryptoNewsZ’s NEO price prediction and analysis for a long-term period of 5 years.