NEO News

NEO Stalls the Recovery; Price Deals Around $11.22

NEO is moving dramatically over the last 24 hours. The currency price seems locked around $11 since yesterday. The same could bring moderate stability in the coin. The past couple of days were quite good for the NEO coin. The coin was spotted breaching 30-days high value.

The first quarter is likely to remain positive. There is speculation of hefty improvement during the same period. If we look at the intraday movement, there is a possibility of recovery and the closing could be positive.

NEO Price Analysis

Yesterday, NEO coin started dealing at $11.05, and in the next 4 hours, the price escalated to $11.29 by 2.20%. The currency price dropped to $11.04 by 2.22%. Further, the coin jumped to $11.18 by 1.24% hike. NEO price dropped to $10.97 by 1.89% and then immediately, it recovered and touched $11.06 before dropping further to $10.85 by 1.90%. Later, the coin price marked a steep hike and touched $11.19. After this price hike, the NEO price slipped marginally and recovered back by the closing hour. It escalated to $11.21.

NEO NewsThe intraday movement in the coin reflected a 1.47% progression in the price of the NEO coin. Today, the price improved in the beginning hours. The counters moved from $11.21 to $11.25. The price slipped to $11.15. The coin jumped to $11.38. Then, again it dropped to $11.14 by 2.35%. After this price fall, the currency maintains its price level at a similar range, and currently, it trades at $11.20.

During the opening hours, the price was spotted at $11.38 above the immediate resistance level at $11.37. After the recent fall, the coin’s improvement has spiked hope among the traders. The currency might once again violate the immediate resistance level shortly.

Resistance Level Price Support Level Price
R1 $11.37 S1 $10.98
R2 $11.53 S2 $10.75
R3 $11.76 S3 $10.59

The future seems bright for the investors of NEO. The coin is recommended for long-term investment. The same is likely to bring a massive return.

Thomas Gillard

Thomas is news editor at CoinNewsSpan. He has worked as a sub editor for leading newspapers and magazines. He is responsible for streamlining the news that would go live on the site. He singlehandedly executes different editorial decisions that are taken from time to time. His primary focus areas include Ethereum and Ripple and crypto mining.

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