NEO Price Prediction: Long-term (NEO) Value Forecast – July 7


  • The long-term outlook is an uptrend.
  • The 38.2 fib area may be tested before the bulls resume upward price movement.

NEO/USD Long-term Trend: Bullish

Supply zone: $30.00, $40.00, $50.00
Demand zone: $2.00, $1.00, $0.50

NEO remains in the bullish trend in its long-term outlook. The 38.2 fib area as predicted in last week article was tested as the bears pushed the coin down to $15.70 in the demand area on 1st July. The close of the candle as a bullish pin bar signaled the bulls’ takeover.

$18.49 in the supply area was the limit the bulls could take the coin as its lost momentum with the daily candle closing as a bearish doji.

The bears returned and held on to the market as price drops to $16.47 as the market open today at $16.92 as the new trading week began.

The signal of the stochastic oscillator points down at 37% suggesting a downward momentum. A retest at the 38.2 fibs at $15.70 in the demand area may be the bears' target before bulls resume the upward continuation.

$24.00 in the supply area is a key supply area for a retest in the days ahead.

Live Neo (NEO) Price:

1 NEO/USD =$46.8316 change ~ -4.52%

Coin Market Cap

$3.3 Billion

24 Hour Volume

$160.08 Million

24 Hour VWAP

$48

24 Hour Change

$-2.12

 

 

The views and opinion as expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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