Price Analysis

Neo Price Analysis: NEO Continues To Stay True With The Bulls Appeal!

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People following cryptocurrencies are also fond of little games like Blockchain Cuties. However, they were unable to acquire more attention until now. The game has introduced integrated wallet for the users, which recently gained some attraction from the traders. They have recently announced that they are building NEO compatible version of the same in the coming months.

However, it might not draw much attention to the trading price of the coin, but it may surely help the coin to gain marketing publicity for the potential investors and the users.

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Price Analysis of NEO on 7th June 2019:

Neo Price Chart - 8 June

At 5:08 UTC time on 8th June, NEO is trading at a price $12.35. Neo is currently ranked at 18th position in the market. Neo fetches a Return on Investment of 6738%. The Market Cap of Neo is 875,485,627 USD, and the 24-hour volume is 531,275,779 USD. The current circulating supply in the market is 70,538,831 NEO against a total supply of 100,000,000 NEO.

Neo Coin Price Comparisons:

Neo Price Chart - 8 June

Considering 5 days trading analysis from today, the highest was realized on 2nd Jun with value at $14.14 and lowest on 4th trading at $11.02 within the same time frame. The value has seen the dip of 12% from the highest and increase of 12% from the said lowest price respectively, which means it is at an equilibrium state. The value seems to be trading under the resistance support attracting more traders to invest in this time frame.

Neo Price Chart - 8 June

3 months data from today shows the lowest touch down at $8.47 on 10th May and highest at $14.69 on 30th May. The price seemed to have increased by 45% from the 3 months lowest and dropped by 15% from the highest dated 30th May. Overall, the trend seems to be positive as of now.

Neo Coin Price Predictions and Conclusion:

NEO seems to be following the bullish trend. A trader might want to restrict on the resistance and support between $13.27 and $11.09. Diving in the market at this time seems like a good decision, but you might want to consider trading at short term plan because when we look in the 1-year chart of Neo, it has been exhibiting a mix of a bearish and a stable trend on the whole.

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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