NEO Price Analysis: NEO Fluctuating In The Bullish Zone Presently

eToro

The official launch of EcoBoost Funds will be realized on 5th July. NEO is officially hosting an AMA event on the Telegram Channel for the official announcement. The event will take place from 8:00 (UTC +8 time) to 9:00 PM (UTC+8 time).

Till then, let’s analyze if NEO is still a favorite profitable altcoin or not.

Price Analysis of NEO on 2nd July 2019:

NEO is currently trading $16.78 at 08:33 UTC as on 2nd July 2019. Other factors are calculated as follows:

NEO Price Chart - 2 July
NEO Price Chart

 

  • Return on Investment: 8967.28%
  • Market Ranking: 17
  • 24 Hour Volume: 669,651,848 USD
  • Market Cap Value: 1,160,756,729 USD
  • Total supply/ Circulating Supply: 100,000,000 NEO/ 70,538,831 NEO
  • 7 Day high/ low: 20.86 USD/ 15.53 USD

NEO Price Comparison:

In the last few days of the previous month, $20.86 was the highest, which was seen on 26th June. The next day the value dropped by 21.73% with a trading value of $16.33. However, the value was then seen upsurging by 30th June with a trading value of $18.59, which was an increase of 13.74%.

The price saw a drop yesterday with a trading value of $15.73 (dropped by 15.50% from that on 30th June) which is now increased by 6.6%.

NEO Price Prediction and Conclusion:

The resistance level and support level for a safer trade are calculated between $18.192 and $14.867, respectively. Traders might want to continue to bid in this zone for a safer play. NEO is still fluctuating in the bullish nature, which means it is not yet late for generating more profits/ return on investment.

It is expected that NEO may trade around $25 to $30 by the end of the year concerning its current momentum.

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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