NEO Price Analysis: NEO’s Bullish Trend Continues With The Price Surge
- Neo price surge continues
- com adds NEO to its Cards & Wallets app
The bullish trend in NEO continues to lure more investors. There is an assumption that the latest news related to Cypto.com listing has encouraged the price hike.
As per the news, NEO adds to the increasing list of tokens and coins of Crypto.com platform stablecoins and cryptocurrencies like bitcoin (BTC), ether (ETH), TrueUSD (TUSD), PAXOS (PAX) and many more.
The news broke yesterday, and the prices of the currency skyrocketed. The same is likely to continue in the coming days.
Let’s have a look at the current statistics of NEO.
The price analysis chart and graph is taken from Trade View, at 08:44:33 UTC.
24 hr Volume
The YTD chart of NEO is reflecting a steady upsurge in the price of the currency. After a few ups and downs, the price hiked in the first week of April. Rest of the April month observed bearish trend till 13th May. On the same day, the price picked up at a steep pace. The same pattern is observed in today’s market too.
At the beginning of the year, the price of NEO was at $7.52, and the price is presently summing at $13.87. The increase observed to be 2x than that of the price on the first day of the year.
From the last one month, the price has shown an upward trend by 45%. On 5th May 2019, the price was at $9.50 and today at 8:49:45 UTC, NEO is at $13.87.
Both the comparisons are pointing towards the upsurge in NEO.
NEO Price Prediction and Conclusion:
NEO is presently riding high. The price has already crossed its resistance level. As per our NEO coin forecast, the price is going to remain the same for some time. If the cryptocurrency market embarks a high, then upsurge can be expected from NEO.
For 2019, the price can touch a high of $17. In the coming two years, NEO is likely to be around $25.
Although the price is at its high, we would still recommend holding tight as an increase is expected towards the end for the year.
According to the movements of the NEO price in the chart, the long term investment will revert fabulously.