NEO Price Analysis: Is NEO fighting to stay above the essential support areas?
NEO is definitely a promising coin it seems! Even after the freezing of the development in Aphelion Exchange, NEO seems to be doing fine. In fact, the surge is seen upward direction only. However, whether it will continue the same trend or not is a concern in the ballgame. Let’ see what the price statistics have to say about the same.
NEO Coin Price Analysis
At 11:59 UTC, the NEO price can be seen to be trading at $11.69 on 6th June 2019. The circulating and total supply of the coin is 70,538,831 NEO and 100,000,000 NEO, respectively. The market cap is valued at $823,972,087 USD along with 24 hour volume valued at $488,062,846 USD. The Return on Investment on NEO coin is 6336% ranking NEO at number 18.
NEO Price Comparison: Short Term or Long Term Portfolio?
Considering the 5 days data, since the value is trading below the baseline, you might want to buy the coin as of now. The trend might move upward, bringing better profits with the portfolio. It seems that the trading is maintained under the resistance-support, which means, “Users must hang in there!”
Speaking of the year to date, selling the coin if you have invested since the beginning of 2019, it might be a profitable decision. However, maintaining some patience for a while can also help in better numbers! NEO is known to update some periodical news soon, which will keep fluctuation the market. But if you are gaining attention towards other altcoins, Check out our NEO coin forecast post to learn more about its future price fluctuations & decide the right time about investing in it.
NEO Price Prediction and Conclusion:
Predicting the closure of the year with $50 might be a long short. Users can bid on $20 if the surge keeps moving in the upward trend. NEO coin is surely gaining the attention recently but will sustain the significance when it still trends with a positive direction.
Let hope for the best in the race, as it will happen patiently! Till then, stick to your remote!