NEO [NEO] technical analysis and price prediction 2018, 2020
As the crypto market is affected by a bearish wind today, NEO [NEO] is on a downtrend. NEO prices have failed to find support throughout the day and have broken out from its local support level.
Increasing seller pressure is hindering NEO from finding support causing the prices to drop below the local support level at $16.50. The 100 EMA line exhibiting a downtrend is trading at $18.01. The prices are aiming to break out from the last support level found at $14.29. The prices have fallen over 11% from the intraday high at $18.95. The current resistance level can be traced at $20. The MACD is in the bearish zone. The prices are currently trading at $16.75 and are losing against USD by 6.13%.
Currently, one NEO is equal to 0.0026BTC and is losing against the coin by 3.59%.
NEO Price Prediction 2018,2020
According to Smartereum, NEO prices are expected to touch $335 by the end of the current year. Longforecast predicts a fall in the coin price, says it will close trading for the year at $13. However, the 2020 forecast is optimistic as the coin prices are predicted to stand around $46. According to Cryptoupdates, NEO can touch $900 or more by 2020.
NEO Latest Updates
- O3 Labs, a mobile gateway to the NEO Smart Economy, has recently introduced the O3 Alliance, a new framework that will help in improving the reach of dApps in the NEO ecosystem. With the O3 Alliance framework, the company aims to eliminate the users’ need to be application-reliant or trust any external services with their private keys. The O3 Alliance follows the company’s integration with the Switcheo Exchange that is designed to facilitate a simpler trading experience for digital assets on NEO.
- Block Sports, a decentralized sports betting exchange, in a recent interview stated that it had adopted the Neo blockchain after dropping Ethereum. The company said that implementing Neo blockchain will promise the clients a secured cryptocurrency betting “where escrow and processing is handled on-chain, giving users true control of their funds”
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