NEO Price Analysis: NEO to be Dominated by Bears Again

NEO was valued at $9.37 on December 1, exhibiting a bullish trend. It dropped to $9.00 on the same day, after which, NEO managed to bounce up to $9.55 showing a 6% growth. The coin continued to remain bullish at $9.39 before dropping down again to $8.91 with a decline of 5%. The coin did rise for a short span before succumbing to the bears. The present situation indicates the bearish run for a couple of days.

NEO Price Analysis

NEO Price

NEO was priced at $9.16 yesterday and since then, it is showing a negative trend by 5.15%. It may remain more or less close to the figure of $8.55 for a while. NEO may manage to pick up the pace by the next week to trade above $9.09.


NEO can trade between $8.64 to $9.00 today. The coin was bullish at the start of the month but since December 2, it has started to show bearish movement. NEO has been overbought and oversold multiple times and today, it seems to be going towards the neutral phase. NEO may be able to aim for $12.01 by end of 2020 if it can initiate and maintain a consistent uptrend.

Recent Articles

Enjoy Trading with Advanced Trading Tools of Euro Prime

Looking at the instability that the financial market offers, we all can say that there is a dire need for a reliable trading platform....

Mphasis and QEDIT to Create Blockchain Solutions With Enhanced Privacy

Indian IT firm Mphasis has teamed up with Israel’s QEDIT to create blockchain-based privacy-enhancing enterprise solutions. Blockchain being a distributed ledger technology, all transactions on...

Smart Sight Innovations Provides Blockchain-based Solution for Trusted’s Web App

Headquartered in Mumbai and working as a renowned IT and web-based solution providing firm Smart Sight Innovations has designed a revolutionary blockchain-supported solution for...

RBI Says Crypto Not Banned in India but Offers Little in Terms of Utility

The Reserve Bank of India on Wednesday made a strong statement against Crypto and asserted that residents of India are in no need of...

Siemens gets support from Trump on Middle East Reconstruction Projects

In a recent interview with CNBC at the World Economic Forum (WEF), Siemens CEO, Joe Kaesar revealed that US President Donald Trump would support...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox