Neo price analysis: NEO/USD regains bullish momentum, spikes above $8.57

Neo price analysis recently reveals a bullish market sentiment after the cryptocurrency broke above the $8.57 level. The NEO/USD pair has found support at $8.22 and is currently trading above this level.

Timeline of Neo

The latest Neo price analysis suggests a bearish trend for today and supports sellers as the price has undergone a considerable decrease since morning. Although the bears were in the winning position, a downtrend has been following the price for the last 24-hours.

Neo price analysis shows a bearish trend for the cryptocurrency as the bears have been at the winning edge for the last 24 hours. Although a strong bullish wave was controlling the price trend in the previous week, today's trend proved relatively in support of the sellers.

Neo price analysis has been quite bearish today, in line with the overall sentiments of the cryptocurrency market. The day itself did not start on a positive note for NEO as the price closed at $8.5 yesterday after dipping from $9.0 two days earlier.

The Neo price analysis predicts an increasing trend for cryptocurrency today. Although the price was facing bearish resistance earlier, the bulls have managed to bring the price to $8.70 in the last 24 hours.

The Neo price analysis reveals the cryptocurrency was continuing the downslide again today after a brief respite yesterday. NEO/USD is currently trading at $8.50 after hitting a low of $8.40 earlier today.

Neo price analysis reveals that the bulls have been in control of the market for the last 24 hours. The market opened today at $8.56 and has since been on an upward trend, reaching a high of $10.03.

Neo price analysis is very bullish today as we can see a lot of positive price action in the market. Over the last three days, Neo has significantly pumped after setting a recent support level at $8.34.

The Neo price analysis shows that the coin is currently in a bearish trend as it plummets to $8.84. This is after the digital asset enjoyed bullish action and touched the $8.8 level.

Neo price analysis is highly bearish today as its price has reduced by almost 7.20 percent in the last 24 hours. The entire crypto market is undergoing a bearish rally, with all major coins in the negative.

NEO price analysis has revealed the cryptocurrency market to show strong bullish momentum with strong conservation possibilities as the price moves steadily upwards. For example, the NEO/USD price recently spiked to a considerable decline on June 5, 2022, and The price went from $11.12 to $11.96 in no time.