Price Analysis

Neo Price Analysis: It Was A Delight Start For Intra Day Investors!

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The developers of NEO have recently upgraded the consensus nodes, which includes core protocol as well. The new features in dBFT will help in reducing the maintenance required in the network as well as downtime. However, it is a little challenge at the front end in terms of research and technical specification.

But the show must go on! While developers are busy bringing better efficiency in NEO network, traders’ eyes are stuck to the charts evaluating the price and decision for better capital return.

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Price Analysis of NEO on 10th June 2019:

At 7:29 UTC, the value of NEO is trading at $12.28. After a small surge on the weekend, the value is drifting in the upward motion. The remaining essentials are as follows:

Return of Investment 6653%
Market Ranking 18
Circulating Supply 70,538,831 NEO
Total Supply 100,000,000 NEO
Market Cap 864,547,520 USD
24 Hour Volume 525,926,407 USD

Neo Coin Price Comparison:

Neo Price Chart - 10 June

The interesting swift can be seen in today’s data only. The value of NEO was trading at $11.55 at 4:49 UTC, and the swift increase was seen after 20 minutes when the value was trading at $12.45 at 5:01 UTC. 8% increase in 20 minutes, not bad at all! It is certainly catching the eyes of the followers.

The value might be swift upward again. For those trading on short-term or intraday investment, it might have been a delightful swift for them.

Neo Coin Price Prediction and Conclusion:

It was a delight to watch the trend today surging in just a few minutes. However, the highest value today almost touched the minimum resistance of $12.69. One might want to consider resistance and support level between $13.131 and $11.098 respectively. The value might trade above the resistance soon, or it might even cross $14 soon! But only time will tell if it will happen or not!

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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