Neo (NEO) Price Analysis: NEO Is Hovering To And Fro Before It Takes A Major Upturn In The Bullish Line

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Recently, the 4H chart showed that NEO was hovering around a height of 149k. The price lines of NEO are indicating that it is daily creating new support resistance levels that can help uplift its values to a great extent. On the basis of this, majority crypto analysts are of the opinion that NEO can soon spark up to a consistent bullish trend.  Although, the bearish downfall is persistent in between the price hikes of NEO it is expected that by the end of this year, the situation will improve greatly as the crypto market will be less turbulent. NEO has a Sentscore of 4.9, which indicates that it is in the “neutral zone.” It is ranked in “A” category- attractive with all total 783 points as of 8th May 2019. It is on its way to support large scale commercial applications with blockchain technology. Moreover, the partnership of NEO Smart Economy with Zeux is enabling its users to use the crypto when paying for services and goods via Samsung and Apple Pay.

Current status:

Neo

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  • Current price: 12.13 USD
  • Market cap: 788,199,435 USD
  • Market rank: 20
  • Circulating supply: 65,000,000 NEO

Price analysis and future price predictions:

The above chart shows that at present, NEO is getting traded at 12.06 USD or 0.00151490 BTC (UTC time 09:28). Its current 24h volume is worth of 596,005,650 USD. The same chart shows that approx. One month earlier, NEO had a trading value of 9.44 USD with a market cap of 613,337,358 USD. So, within this time, the value of NEO has spiked up by 27.75% with 10.05 USD as a good support resistance.

On the basis of the above price predictions and NEO’s facets, we think that it can trade around 250 USD by the end of this year.

Conclusions:

NEO has great potentials to merge forward, and it is a great option for long term investment.

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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