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Price Analysis

NEO Price Analysis: Will NEO submerge in the bullish trend soon?

Da Hongfei, Founder of NEO, recently introduced NEO 3 to the general public. He shared the changed and mission of NEO 3, which is aimed to provide the optimal infrastructure for mass adoption. Well, the hope is that it must acquire attention and loyalty from crypto followers. Rest, we will know soon!

Current Statistics of NEO:

The value of NEO is seen trading at $9.69 at 03:28 UTC on 18th August 2019. The other essentials in the chart are as follows:

  • Market Ranking: @18
  • Return of Investment: 5255.11%
  • Total supply/Circulating Supply: 100,000,000 NEO/ 70,538,831 NEO
  • 24 Hour Volume: 222,656,762 USD
  • Market Cap Value: 685,540,089 USD
  • 7 Day high/low: 11.10 USD / 9.20 USD

NEO to USD Price Comparison:

NEO Price Chart
NEO Price Chart by TradingView

Yesterday the value was initially seen trading in the green zone at $9.86 at 05:51 UTC. The value then dropped by 1.88% at 12:08 UTC with the trading value changed to $9.67. The value escalated by 1.45% by 16:07 UTC yesterday when the value changed to $9.81. The value was drastically dropped by 2.93% at 20:53 UTC with the trading value of $9.52.

Today, the value increased by 2.33% at 03:00 UTC trading at $9.74. The value from then is slightly dropped by 0.51% as of now.

NEO Price Prediction and Conclusion:

Patience is the key to enjoy the returns with NEO! NEO is trading in the strong bearish trend. However, this might be a good time for NEO to invite more and more new traders in the network. In NEO 3 announcement, we might be able to see some changes in the supply some traders in the network soon. Let’s hope for the same to happen soon. Meanwhile, the resistance support level might help with safer bidding decisions:

R3: 10.2

R2: 10.03

R1: 9.86

Pivot Point: 9.69

S1: 9.52

S2: 9.35

S3: 9.18

With the end of 2019 approaching soon, we hope the value of coin brings smiles on the faces of the traders.

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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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