Neo [NEO] Technical Analysis and Price Prediction 2018, 2020 22197
Analysis
Jessica Kuruthukulangara
Sep 2, 2018 at 1:00 AM

The cryptocurrency market is back in bullish territory, with Bitcoin [BTC] rising to as high as $7,200. Most altcoins are trading in the green. Neo [NEO], in particular, is posting significant gains and could likely scale new peaks. In the last one week, the coin saw its value rise by close to 25 percent.

NEO/USD

The digital asset initially found at support at $20.08, after which it steadily continued its upward trajectory. The coin experienced a breakout from the first resistance level, which can be found at $20.95. If this momentum continues, the cryto could potentially hit the $25 mark.

At the time of writing, the MACD indicated that the digital currency was trading in the bullish zone. The 100 EMA line showed that the coin was in an uptrend. The crypto was exhibiting a significant trading range of $20.06-$22.59. As of 1840 GMT, the virtual currency had climbed 11.1 percent higher against the U.S. dollar to trade at $22.36.

Neo [NEO] Technical Analysis and Price Prediction 2018, 2020-BCFocus

NEO/BTC

The coin had gained 8.8 percent against BTC at the time of writing. Currently, one token is equivalent to around 0.0031 BTC.

Neo [NEO] Price Prediction 2018, 2020

  • According to Smartereum, experts believe the coin will likely hit $335 by the end of this year. Cryptoupdates expects the crypto to touch $900 or more by 2020.
  • Longforecast has predicted that the digital currency will slide and trade at $13 by the end of this year. However, the 2020 forecast is more optimistic, according to which the coin is expected to trade at $46.

Neo [NEO] Latest Updates

Smart Economy Wiki (SEWiki), a community effort in the NEO ecosystem, focuses to cover all topics related to Smart Economy in a way that is easy to comprehend. The wiki was designed to host articles about various projects, websites, technologies, and people.

See also: 

WandX introduces beta version for trading NEO and Ethereum tokens

O3 Alliance to amplify the reach of dApps in the NEO ecosystem

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