NEO price has been on a roller coaster ride since the beginning of the year. It has been on a steady upward momentum before July. Over the past month, NEO has been moved downwards with the price trading in the range of $7 – $10.
NEO Price Analysis:
The price of NEO coin was trading in a stable flattish range till September 19, 2019, and then it started going downwards as seen from the 30-day NEO price chart. On September 06, price of NEO was at $8.7028. Then, the price of NEO went on an upward swing and touched $10.0356 on September 19 to the extent of 16.76%. This was however short-lived as the bears got the better of NEO price and pushed the price below the baseline at $7.0683 with 29.57% drop. Currently, the coin is at $6.9597, which is lower to the extent of 1.59%.
If we look at NEO’s performance from the beginning of the year, it was trading with upward momentum till June. However, after that, the crypto market underwent a bear momentum throwing the prices of most of the altcoins out of gear, including that of NEO. Analysts expect NEO to bounce back by the year-end.
It is anticipated that Investors should invest from a long-term perspective. Short-term investors should have a cautious approach to their investment decisions.