NEO Price Analysis: The Month of JULY Seems to Bring Good Vibes for NEO/USD

NEOD Network to Increase the Developers on the NEO Community

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  • By July 2019 Beginning, NEO Price is Forecasted to Reach $34.40.
  • NEO Coin Might Drop to $20 by the End of 2019

O3 Labs, a user-friendly cryptocurrency light wallet, officially announced the “NEOD network,” which is an infra- like service that will offer a secure, reliable, quick, and measurable gateway to the network of NEO. This is surely going to attract the developers as they will be able to develop and build their products rather than just knowing everything about the technology.

Such an announcement might increase the number of developers towards the NEOD network, which might affect the valuation of NEO Coin.

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NEO Price Analysis on 14th June 2019:

AT 14:58:50 UTC time, the NEO coin price is trading at $12.89. On the basis of the graph, it can be predicted that the prices may decline up to a considerable extent by the end of the day. The remaining essentials are as follows:

Return of Investment 7,012.46%
Circulating Supply 70,538,831 NEO
Total Supply 100,000,000 NEO
Market Cap 910,509,022 USD
24 Hour Volume 596,552,116 USD
90 Day High / Low $14.83 USD / $8.39 USD

NEO/USD 5 Day Price Chart By TradingView

Neo Coin Price Chart - 14 June 2019
NEO/USD 5 Day Chart

NEO Coin Comparison:

From the past 5 days, the value is for now is fluctuating above the baseline. The highest value was seen trading yesterday at $13.65, and the lowest was trading on 9th June at $11.25. The value has dropped by 4% and increased by 15% respectively.

Considering the data from the past one month, the lowest was seen on 17th May when the value was trading at $10.56. The value is increased by 23% since then. The highest, on the other hand, was realized on 30th May with value trading at $14.80. The value has dropped by 11% since then. As for now, the fluctuation is still, on the bullish side.

NEO Price Prediction and Conclusion:

Traders might want to consider resistance support between $13.95 and $12.26. The trend is continuing with Bullish nature attracting many other users to die in the pool soon. By the beginning of July 2019, NEO Coin is forecasted to reach $34.40. But the NEO price might drop to $20 by the end of 2019. From this quoting NEO, coin to touch $50 by the end of 2019 doesn’t seem to happen as of now.

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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