NEO Price Analysis: NEO Saw Roller Coaster Ride in Intraday Trading

With the latest partnership of NEO with Ontology, a Chinese blockchain platform to introduce a protocol which will be interoperable that will improve the development for the next generation internet. Well, considering the most numbers of followers in China, this partnership might help NEO to increase the number of suppliers in the network.

NEO Price Analysis of 20th July 2019:

NEO is currently trading at $12.97 at 08:21 UTC as on 20th July 2019. We have calculated other contributions in the NEO chart as:

  • Market Ranking: 17
  • Return of Investment: 7088.30%
  • Total supply/Circulating Supply: 100,000,000 NEO/ 70,538,831 NEO
  • 24 Hour Volume: 453,081,860 USD
  • Market Cap Value: 920,217,512 USD
  • 7 Day high/ low: 14.93 USD/ 9.79 USD

NEO to USD Comparison:

NEO Price Chart - 20 July
NEO Chart by TradingView

Let us analyze the NEO price predictions chart mentioned above.

Yesterday at 00:43 UTC, the coin was trading above the baseline with $13.13 trading value. The value dropped by 7.09% at 08:52 UTC yesterday, with the trading value of $12.20. However, in a few hours, the value escalated by 5.14% at 12:10 UTC, with $12.83 trading value.

At 16:49 UTC, the value dropped again by 2.84% with $12.46 trading value. That value from then is escalated by 7.30% today at 03:40 UTC trading at $13.37. However, the value has dropped again by 3.81% as of now.

NEO Price Prediction and Conclusion:

NEO is in the slight bearish zone. But before ‘buying’ NEO coin, traders might choose to wait patiently, since the trade can slide to pivot zone as well. So this might be a time to analyze the trend closely. For safer bid, the calculated resistance support for the traders is as below:

  • R3: 14.31
  • R2: 13.75
  • R1: 13.38
  • S1: 12.45
  • S2: 11.89
  • S3: 11.52

By the end of 2019 approaching, we might see Neo trading around $20 to $25 this will surely be a delight for the investors.

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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