Neo (NEO) Price Prediction 2023

Bullish Neo price prediction is $7.86 to $12.76.

Neo (NEO) price might also reach $20 soon.

Bearish Neo price prediction for 2023 is $5.97.

In Neo (NEO) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about Neo to analyze the future movement of the cryptocurrency.

Neo (NEO) Current Market Status

Current Price
$8.80
24 – Hour Trading Volume
$77,175,382
24 – Hour Price Change
9.2% down
Circulating Supply
70,530,000
All – Time High
$198.38 (On January 15, 2018)
NEO Current Market Status
(Source: CoinGecko)

What is Neo (NEO)?

NEO is a governance token of Neo, a blockchain ecosystem intended to be used in the development of a smart economy. This blockchain was first introduced in 2014 under the name Antshares. Three years later, in 2017, the project rebranded as Neo, its current name. There are two native tokens in the Neo blockchain ecosystem – NEO and NEO GAS. NEO is used to establish ownership and management roles in the blockchain, while NEO Gas is used to pay for blockchain transactions.

Neo (NEO) holds the 74th position on CoinGecko right now. Neo price prediction 2023 is explained below with a daily time frame.

NEO /USDT Horizontal Channel Pattern (Source: Tradingview)

The above chart of Neo (NEO) laid out a horizontal channel pattern. A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contact points. This is because it needs at least two lows to connect, as well as two highs. Buying and selling pressure is equal, and the prevailing direction of price action is sideways. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. When the price hits the top of the channel, sell your existing long position or take a short position. The difference between the other two is that a horizontal channel is characterized as having equal highs and lows.

Currently, Neo (NEO) is in the range of $9.42. If the pattern continues, the price of NEO might reach the resistance levels of $10.45, and $17.43. If the trend reverses, then the price of NEO may fall to $6.04.

Neo (NEO) Support and Resistance Levels

The chart below shows the support and resistance levels of Neo (NEO).

NEO /USDT Support and Resistance Levels (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Neo (NEO).

Resistance Level 1$7.86Resistance Level 2$10.44Resistance Level 3$12.76Support Level$5.97NEO Support and Resistance Levels

The charts show that Neo (NEO) has performed a bullish trend over the past month. If this trend continues, Neo might run along with the bulls overtaking its resistance level at $12.76.

Accordingly, if the investors turn against crypto, the price of Neo (NEO) might plummet to almost $5.97, a bearish signal.

Neo (NEO) Price Prediction 2023 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Neo (NEO) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of NEO lies below the cutoff line, indicating weak participants in the current trend.

Neo /USDT RVOL, MA, RSI (Source: Tradingview)

Also, the Moving Average (MA) of Neo (NEO) is shown in the chart above. Notably, Neo (NEO) price lies above 50 MA (short-term), so it is in an uptrend. Currently, Neo has entered a bullish state. Therefore, there is a possibility of a reversal trend of Neo at any time.

Meanwhile, the relative strength index (RSI) of the NEO is 69.83. This means that Neo (NEO) is nearly in an overbought state. However, this means a major price reversal of Neo may occur in the upcoming days. So, traders need to trade carefully.

Neo (NEO) Price Prediction 2023 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Neo (NEO). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

Neo /USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of Neo (NEO). Currently, the ADX of Neo lies in the range of 50.98 and thus, it indicates a strong trend.

The above chart also represents the Relative Volatility Index (RVI) of Neo (NEO). RVI measures the constant deviation of price changes over a period of time. The RVI of Neo lies above 50, indicating high volatility. In fact, the RSI of Neo (NEO) is at 69.83 thus confirming a potential buy signal.

Comparison of NEO with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Neo (NEO).

BTC Vs ETH Vs Neo Price Comparison (Source: Tradingview)

From the above chart, we can interpret that the price changes of BTC, ETH and NEO are moving in a similar trend. This indicates that when the price of BTC and ETH increases or decreases, the price of NEO also increases or decreases respectively.

Neo (NEO) Price Prediction 2024-2030

Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Neo (NEO) between 2024 and 2030.

Neo (NEO) Price Prediction 2024

If the declining price action completely slows down in momentum and the trend reverses, Neo (NEO) might probably attain $25 by 2024.

Neo (NEO) Price Prediction 2025

With several upgrades in the network, Neo (NEO) might enter a bullish trajectory. If the coin grabs the attention of major investors, Neo might rally to hit $29 by 2025.

Neo (NEO) Price Prediction 2026

If Neo (NEO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, Neo would rally to hit $34

Neo (NEO) Price Prediction 2027

If Neo (NEO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, Neo would rally to hit $42

Neo (NEO) Price Prediction 2028

If Neo (NEO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, Neo would rally to hit $50

Neo (NEO) Price Prediction 2029

Neo (NEO) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, Neo would hit $55 in 2029.

Neo (NEO) Price Prediction 2030

If investors flock in and continue to place their bets on Neo (NEO), it would witness major spikes. Neo might hit $62 by 2030.

Conclusion

With continuous improvements in the Neo network, we can say that 2023 is a good year for Neo. For this reason, the bullish price prediction of Neo (NEO) in 2023 is $12.76. On the other hand, the bearish price prediction of Neo (NEO) price prediction for 2023 is $5.97.

Furthermore, with the advancements and upgrades to the Neo ecosystem, the performance of Neo would help to reach above its current all-time high (ATH) of $198.38 very soon. But, it might also reach $20 if the investors believe that Neo is a good investment in 2023.

FAQ

1. What is Neo (NEO)?

NEO is a governance token of Neo. Neo is a blockchain ecosystem designed to aid in the creation of a smart economy.

2. Where can you purchase Neo (NEO)?

Neo (NEO) has been listed on many crypto exchanges which include Binance, FMFW.io, OKX, Upbit, DigiFinex, P2PB2B.

3. Will Neo (NEO) reach a new ATH soon?

With the ongoing developments and upgrades within the Neo Platform, Neo has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Neo (NEO)?

On January 15, 2018 Neo (NEO) reached its new all-time high (ATH) of $198.38.

5. Is Neo (NEO) a good investment in 2023?

Neo (NEO) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Neo in the past few months, Neo is considered a good investment in 2023.

6. Can Neo (NEO) reach $20?

Neo (NEO) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Neo (NEO) will hit $20 soon.

7. What will be Neo (NEO) price by 2024?

Neo (NEO) price is expected to reach $25 by 2024.

8. What will be Neo (NEO) price by 2025?

Neo (NEO) price is expected to reach $29 by 2025.

9. What will be Neo (NEO) price by 2026?

Neo (NEO) price is expected to reach $34 by 2026.

10. What will be Neo (NEO) price by 2027?

Neo (NEO) price is expected to reach $42 by 2027.

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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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