Price Analysis

NEO Price Analysis: NEO Hits Reverse Gear To Slump As Low As $11 Within A Day

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  • NEO records 17% dip from $14.20 to $11.78 within a day
  • NEO may trade below $10 in the coming days

NEO has been one of the most performing assets, but the coin seems to have hit the reverse button and has been continuously falling since last week. It has reached its recorded low of 30-days now trading at $11 and may further move downwards to $10 as indicated by the current market statistics of the coin.

NEO Price Statistics:

As on July 15, 2019, at 05:35:33 UTC, the price of NEO token is noted to be $11.78, and it seems to be moving downwards. There has been a downtrend of over 17% in the last one day when the coin was trading at $14.20. It started the day trading around $12.00 and fell as low as $11.23, depicting a downtrend of over 6%. It has surged since then but may close the day on a low note.

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NEO Price Prediction
NEO Price Chart by TradingView
  • The current trading price of NEO is noted at $11.78 and 0.00116262 BTC
  • The market cap of the coin has reached $828,958,087
  • The 24 h volume of the coin is $532,737,493
  • The circulating supply of the coin is 70,538,831 NEO
  • The ROI of the coin is now 6,387.66%

The lowest recorded value of NEO token was $12.00 yesterday, and it has moved further down from it. NEO closed yesterday at $12.09 and has been declining since then. The first resistance level of the coin will be noted at $13.58 post which a steep surge can be expected from this token.

NEO Price Prediction:

NEO’s lowest value in the last 90-days was noted at $8.39, and it may drop till this value this week as reflected in the current pace of the coin. If the coin drops below $10 today and continues to trade below this value for longer, it may close the month on a lower note trading between $10 and $15. However, if NEO picks up pace now and moves past $14 again, it may close the month trading between $15 and $20.

Conclusion:

This is a good time to invest in NEO in bulk and wait for the prices to go up for any gains.

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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