NEO Price Analysis: NEO Price Still Dominated By The Bears

NEO has remained to its downtrend with the exception of 7^th July to 9^th July. Post the fall since 7-July-19, the coin had a good recovery and reached as high as $18.03 on 9-July-19. Post the said date, NEO has not been able to survive the bullish run and has ever since started declining. There was a very sharp fall today at 15:20 UTC where the NEO price reached $15.63. While writing, the movement of the coin continued to be a bearish one. But we anticipate that NEO price will bounce back soon.

Let us have a look at the NEO to USD Price Comparison:

Current Statistics of NEO Coin:

• As per 5:34 UTC today, Market Cap of the coin was 1,060,537,097 USD.
• Price of the coin is $15.12 as per 05:50 UTC.
• 24-hour volume is $599,283,869.
• 70,538,831 NEO coins are in circulation, which is constant since yesterday.
• NEO offers an ROI of 8247.11%.      

NEO Price Prediction & Conclusion:

If we compare NEO’s performance since 9-Jul-19 where it touched $18.03 at 03:35 UTC and today’s price, the coin shows a bearish trend over 16%. NEO is expected to make a turn around by tomorrow.

The MACD indicator points to the fact that at present, NEO coin reflects a downtrend. As per RSI indicator, NEO coins were oversold a couple of times since yesterday and today, now seems to be neutral. You may wait for some time before investing your money in purchasing new coins, it is important to retain the newly purchased coin for longer period. The next support levels can be seen at $14.55, $13.52.