Neo [NEO] Technical Analysis and Price Prediction 2018, 2020
Neo [NEO] has been on a roll, even as most major altcoins are far from posting significant gains. Neo, in the last seven days, has seen its value shoot up by 16.5 percent. Since the beginning of September, the crypto has so far consistently exhibited an uptrend.
The coin found support at $22.73 and has since been on the rise. The crypto experienced a break out from the first resistance level, which can be traced at $23.32. The virtual currency is facing resistance at $25, but it could experience another breakout going by its current upward momentum.
At the time of writing, the 100 EMA line showed that the digital asset was in an uptrend. The MACD indicated that the crypto was experiencing bullish momentum. The coin was exhibiting a significant trading range of $22.29-$25.30. As of 1952 GMT, the virtual currency had jumped 6.7 percent against the U.S. dollar to trade at $24.41.
The virtual currency, at the time of writing, had gained 5.9 percent against BTC. Currently, one token is equivalent to around 0.0033 BTC.
Neo [NEO] Price Prediction 2018, 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.
- 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.
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