NEO Price Analysis: Neo In The Price Correction Phase To Just Bounce Back Soon

After a successful month of June, July started with an announcement of Node Decentralization progress where the NEO team tweeted about the new NODE on NEO TestNet maintained by NEO SPCC, Saint Petersburg Competence Center.

📢Node Decentralization Progress: @neospcc will maintain a NEO TestNet consensus node! Click to read more: https://t.co/mxBpSQmjcF pic.twitter.com/ALmILz7T5H

— Neo Smart Economy (@Neo_Blockchain) June 30, 2019

But with the new Node, will the NEO entice the new investors to the network?

Let’s see if the supplies of NEO have increased with the price or not.

Price Analysis of NEO on 1^st July 2019:

At 07:50 UTC, NEO is trading at $16.80 as on 1^st July 2019. The value seemed to have dropped below the baseline now. The other essential factors responsible for the positioning of the coin are as below:

• Return on Investment: more than 9000%
• Market Ranking: 17
• 24 Hour Volume: 665,112,007 USD
• Market Cap Value: 1,174,007,159 USD
• Total supply/ Circulating Supply: 100,000,000 NEO/ 70,538,831 NEO
• 7 Day high/ low: 20.83 USD/ 15.91 USD

NEO Price Comparison:

The last few days of June were a roller coaster ride for the investors of NEO. On 26^th June, the highest price $20.83 of the said time was manifested by the coin, which was then reduced by 21.81% with a trading value of $16.28 on the next day. The value then saw an upsurge of 14.74% escalating from $16.28 to $18.68 on 29^th June.

However, the value since then is now decreased by 10.06%, which is the second lowest touch down after 27^th June.

NEO Price Prediction and Conclusion:

When observed on totality, NEO is playing strong in the bulls’ trend and acquiring attention from many investors and traders now. For now, new traders are waiting for NEO to come down to the bearish trend for them to jump in the pool.

For the investors invested in NEO, the safer bid will be investing under the resistance level and support level to be around $19.609 an $16.199 respectively. Neo is expected to trade around $25 to $30 by the end of 2019. To know more about NEO, look read our forecast post, where you will get future updates and precise information for NEO in one place.