NEO Price Analysis: Will NEO continue with the bullish run in this week?

NEO Price Analysis: Will NEO continue with the bullish run in this week?

Since 20-July-19, NEO was rising upwards and reached $13.91 at 16:55 UTC time. Post the said date, it started to decline at almost the same pace. Fro

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Since 20-July-19, NEO was rising upwards and reached $13.91 at 16:55 UTC time. Post the said date, it started to decline at almost the same pace. From 22-July-19 till 23-July-19, the coin continued to fall with temporary rises in between. It fell to the level of $10.75 on 24-July-19 at 04:40 UTC time. However, since yesterday’s low the coin seems to have bounced back in the game and has slowly started to reflect an upward trend.

Here is the price comparison of the coin as below:

Current Data of NEO:

  • NEO is ranked at number 17.
  • Market value of NEO was $861,879,367 at 06:54 UTC time.
  • NEO is valued at $12.18 as per 07:12 UTC.
  • 24-hour volume figures are $360,782,037
  • 70,538,831 NEO coins continue to be traded in the digital world.
  • ROI of the coin stands at 6,599.03%.

NEO Price Comparison and Future Forecast:

If we compare the price of the coin since its lowest point of our analysis which was $10.75 yesterday and the current price, NEO is reflecting a bullish run by 13% which is quite good.

After about a week’s time NEO may continue with the same trend and can reach $12.58. By the end of the year 2019, NEO can touch as high as $13.73.

Conclusion:

It is suggested to sell the NEO coins today as per the current movement and trend observed. The MACD indicator indicates a bullish trend for the coin. The number of coins being traded in the digital world have been overbought and oversold almost the same number of times and at present the coins being traded seem to be on the neutral side. NEO can reach $16 after about a year’s time which proves that it will continue to be a good investment option if the new coins purchased are retained until then. If it continues with the present trend, the next major resistance levels may be seen at $12.78 and $13.59 respectively.