Despite Huge Price Volatility, NEO Adds 12.47% over the Last Week

NEO has shown immense volatility over the last week. Its price has taken four major price shifts in the last seven days and made an overall gain of 12.47%. The current value roams around 13.33 USD.

NEO Price Analysis

NEO coin opened February 04 at 11.85 USD, and in the next three days, it climbed up the hill to add 11.17% value and got placed at 13.24 USD. From this price point, the coin dropped to the extent of 7.77% and pulled the value down to 12.21 USD by February 08. After this moderate fall, in the next two days, Neo crypto managed to fetch a jump of 16.74%, and this swing took the price to the top point of the week at 14.28 USD. Over the 24 hours, the price has dropped from 14.28 USD to 13.41 USD by 6.05% regression.

NEO coin has reversed the price trend of last month, and currently, it trades with bullish influence. However, if we look at the intraday movement, it shows moderate correction. The short-term daily moving averages, namely, 20 days and 50 days, are trending above the current price of NEO cryptocurrency.

As per the past performance and weekly price movement, the currency may continue to grow in the short-term with a few major price shocks. The next resting point seems imminent at 14.16 USD.