Home Technical Analysis NEO Price Analysis: NEO down to $14.74, Will It Manage To Outsmart...

NEO Price Analysis: NEO down to $14.74, Will It Manage To Outsmart The Bears?

Over the past month, NEO’s performance has been sluggish with the bears dominating the coin most of the time. NEO price reached a low of $11.08 on 6-June-19 as per 18:00 UTC. The movement of the coin was more or less stable from 6-June-19 till 22-June-19. Since 22-June, the prices saw a sharp rise and reached a level of $20.84 as per 00:45 UTC time. It could not survive its performance at this level, and prices slowly started to decline, and while writing, the movement of the coin was bearish.

Let us have a look at the NEO to USD price comparison:

Current Statistics of NEO:

  • Market Cap of NEO was $1,036,433,902 at 06:59 UTC.
  • Price of the coin is $14.77.
  • 24-hour volume is $484,842,241.
  • Circulating Supply is 70,538,831 NEO
  • NEO offers ROI of 8031.11%.

NEO Price Prediction and Conclusion:

Comparing the data of 26-June-19 and today, NEO price, which was $20.84 on 26th June and today the coin is reflecting a downward trend by 29%. The coin may reach to the highest level of $14.98 today but would not be able to sustain it before seeing a fall in the prices. After a week’s time, NEO will more or less gain stability and prices would be around $16. By the end of 2019, NEO can reach optimum levels of $25.

MACD indicator also confirms that the current movement of the coin reflects a downtrend. The coin was an overbought a couple of times in the month of June. NEO coins have been oversold yesterday and today in the early hours. Now the number of coins being traded in the market seems to be on the neutral area. Experts suggest waiting for a week’s time before you wish to invest in NEO as the coin will manage to bounce back from the current scenario by then.

Felicia Learned
Felicia well-known for her writing skills works as a content writer lead in our team. She also has a deep interest in forex, Finance & cryptocurrency funds and guides people dealing with a cryptocurrency exchange. She loves reading finance blogs in her free time. For any issues, you can contact her through email: felicia@forexnews.world.

Must Read

Forex-Dollar Dips Further as Fed Doubts Resurface

The US dollar witnessed a further slip on Monday, after recording its most significant weekly gain in over two months last week, as profit-taking...

Newly Announced Covesting Feature Helps Traders Book More Profits

Covesting, the European DLT developer known for their B2B software solutions and partnership with PrimeXBT, has announced a brand new feature within the Covesting...

4 Easy Steps to Master the Art of Trading

Newcomers should develop some basic knowledge about the market so that they can be able to take the right step in the right position....

Building Healthy Money Habits in the Trading Profession

Trading has become a global profession in contemporary times. People are becoming more self-conscious about money as the world has fallen due to the...

IOTA Coin – Future and Predictions

Introduction to IOTA Coin IOTA is a dispersed ledger structured to record and implement transactions between machines and devices on the Internet of Things (IoT)...