The overall crypto market has registered remarkable price gains over the past weeks. With the lucrative moves, most alternative coins attained new ATH. Keep in mind that the crypto industry has been struggling with lows since May. That was when bullishness was at its best.
Though with impressive actions, the alts saw occasional plunges, a usual thing in the space.
While publishing this, NEO trades near $57.46 after losing 4.7% of its value in one day.
The altcoin experiences massive volatility that affected its price movements. Meanwhile, the asset managed to attain other monthly highs even after remaining without gains last months. NEO’s uptrend came as the overall market had rising sentiments.
Meanwhile, the past day’s actions saw the asset dropping its value. However, the drop didn’t erase the coin’s monthly gains – NEO managed to gain around 85%. However, if the crypto sustains its current plunge, market players will see the asset hitting its lower support zone at $54. If bulls fail to join the market, NEO will drop beneath $50. That might see traders joining NEO to purchase the prevailing dip.
Also, the NEO token has chances to pick up upside price moves. If market sentiments support that, the coin will rally up towards the resistance at $62. If bulls accumulate the needed momentum, they will confirm new monthly highs.
The current Neo network CEO also founded the Poly network. NEO saw most of its activities seizing following the Poly hack. However, the asset appears to resume its operation.
The platform’s Early Bird shift from Neo Legacy to Neo N3 resumes after the hacking disruption. Token holders can take part in N3 governance. That will upgrade the Neo network user experience.
Where to Purchase NEO
If you want to invest in NEO tokens, create your crypto account on the eToroX exchange. The platform supports many trading pairs and cryptocurrencies. The crypto exchange has lower trading charges and has copy features that help newbies get experts’ insights.
Though NEO seems a perfect bet, for now, keep in mind that crypto risks exist. Digital coins are highly volatile.
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