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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 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.
Conclusion:
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.
Dipayan Mitra is a dedicated Editor and Journalist in the Web3 and cryptocurrency domain with over five years of experience...Dipayan Mitra is a dedicated Editor and Journalist in the Web3 and cryptocurrency domain with over five years of experience in the media industry. A journalism graduate, Dipayan has developed a keen interest in staying up-to-date with the latest developments in the crypto space, allowing him to offer fresh insights and expert analysis on emerging trends. Specializing in technical analysis and market trends, Dipayan is known for his ability to break down complex cryptocurrency topics and deliver them in an accessible and engaging manner. Dipayan’s work has been featured on crypto platforms such as AMBCrypto and CoinGape, where he contributes regularly with high-quality, timely content.
