The Neo price analysis: According to the analysis, the price hiked to $6.57 in the past 24 hours and is up 3.15 percent. After trading in a tight range for the past few days, the recent break above $6.57 indicates that there could be further bullish momentum to come in the near future.
The bulls have been in control of the market since the beginning of today after hitting support at $6.32 and resistance at $6.58, which is likely to move upwards toward $6.6.
Neo price analysis a day chart
According to the 1-day Neo price analysis, the NEO/USD pair is trading near the upper boundary of a parallel channel pattern formed on the 24-hour chart that is ascending. In the coming hours, if the bulls succeed in breaking through the resistance level of $6.58, the price may rise to $6.6.
The technical indicator, the Relative Strength Index (RSI) is rising above 40. On the 1-day price chart, the moving average convergence and divergence (MACD) are also green, indicating bullish activity. Currently, the 20 EMA is at $6.56, while the 50 EMA is at $6.47, both of which are in the green, indicating the bulls are in control.
As the MACD (Moving Average Convergence Divergence) indicator suggests, the downward momentum constantly increases.
It looks like Neo is gearing up to test the $8.4 support line. The MACD lines have already undergone a crossover, suggesting a major momentum shift.
The RSI shows that the market is still somewhat balanced, although leaning towards the oversold side.
neo coin price prediction
The Neo news /price analysis for a week shows how this crypto behaved from last week to today. The overall market cap has decreased by 0.35 percent in the previous 24 hours, while its trading volume has gone up by 17.43 percent.
As the crypto heat map shows, Ethereum’s price has reduced by 1.73 percent, whereas Bitcoin has reduced by 1.05 percent. While these figures are insignificant, the market still lacks any major bullish sentiment that can lead to recovery.
In the next 24 hours, it will try to test the $8.40 support, and if broken, a major dip might be expected
neo coin price prediction 2025
The NEO price prediction for the end of 2022 is around $18.85. According to the NEO forecast, the maximum price of the coin is $53.62, the minimum price is $36.
Is Neo a good buy?
Out of 10 analysts, 4 (40%) are recommending it as a Strong Buy, 3 (30%) are recommending it as a Buy, 3 (30%) are recommending it as a Hold, 0 (0%) are recommending it as a Sell, and 0 (0%) are recommending as a Strong Sell.
What is NEO Crypto’s future?
Well, it is quite bearish today and is about to test the $8.40 support line again. Since the bearish momentum is strong, it might break the support before recovering again. However, like always, the cryptocurrency bear market can sometimes be uncertain.
With a 5-year investment, the revenue is expected to be around +538.57%. As per predictions done by the Economy forecast agency, the price of the coin is expected to correct and slips around $8.46 by the end of 2022.
What is Neo price analysis?
Cryptocurrency allows the production of digital assets and smart contracts on the network. Users can stake it to create NEO GAS as a secondary token that is being used as the platform’s fuel. Users can also pay for the computation or deployment of smart contracts inside its network.
Formerly known as Antshares and referred to as the ‘Chinese Ethereum’, It was China’s first open-source blockchain platform. Its design goal is to make it simple to build a digital economy complete with digital identities, assets, contracts, and payments.
aiming to compete with Ethereum and other projects that promote developer-friendly decentralized protocols to lay the groundwork for a future digitized ‘smart’ economy. It intends to implement quantum-computing resistance and inter-chain operability features to create the most competitive distributed ‘smart economy’ network. Neo uses a delegated Byzantine Fault Tolerance (dBFT) consensus mechanism and can support up to 10,000 transactions per second.
Who Was the founder of NEO Crypto?
Founded as Ant Shares by Da Hongfei and Erik Zhang in 2014. It was rebranded to NEO in June 2017. It is a blockchain-based platform that supports two native tokens, NEO and NEO Gas, and enables digital asset and smart contract development.
FAQ – where to buy neo crypto
Is NEO coin a good investment?
NEO, thanks to its great potential, is a better long-term investment than many other cryptocurrencies. A release of N3 is a springboard for the NEO price. Let’s get a foretaste of the NEO future value by looking at the predictions given by famous crypto traders and reputable publications.
How much is a NEO Coin worth?
The current price is $8.409298 per NEO.
Is NEO a Chinese coin?
NEO coin is the cryptocurrency that powers NEO, a decentralized applications (Dapps) platform. It’s similar to Ethereum and has been called “The Chinese Ethereum” due to its Chinese origin.
What happens to the NEO coin?
NEO is gone through the challenging process of migration from its previous blockchain version, NEO Legacy, to the new N3 version.
neo crypto price prediction
As per our ongoing NEO price prediction, the worth of NEO is anticipated to come around – 0.74% and reach $ 6.40 by December 25, 2022. As per our specialized pointers, the ongoing feeling is Negative while the Apprehension and Avarice List .