Bullish NEO price prediction for 2024 is $12.13 to $16.84.
Neo (NEO) price might reach $50 soon.
Bearish NEO price prediction for 2024 is $6.20.
In this Neo (NEO) price prediction 2024, 2025-2030, we will analyze the price patterns of NEO by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS INTRODUCTION
Neo (NEO) Current Market Status
What is Neo (NEO)?
NEO 24H Technicals
NEO (NEO) PRICE PREDICTION 2024
Neo (NEO) Support and Resistance Levels
Neo (NEO) Price Prediction 2024 — RVOL, MA, and RSI
Neo (NEO) Price Prediction 2024 — ADX, RVI
Comparison of NEO with BTC, ETH
NEO (NEO) PRICE PREDICTION 2025, 2026-2030 CONCLUSION FAQ
Neo (NEO) Current Market Status
Current Price $10.45 24 – Hour Price Change $10.45 24 – Hour Trading Volume $26.65M Market Cap $737.44M Circulating Supply 70.54M NEO All – Time High $196.85 (On Jan 15, 2018) All – Time Low $0.07229 (On Oct 21, 2016)
NEO Current Market Status (Source: CoinMarketCap) What is Neo (NEO) TICKER NEO BLOCKCHAIN Ethereum CATEGORY Decentralized blockchain LAUNCHED ON February 2014 UTILITIES Governance, security, gas fees & rewards
NEO is a governance token of Neo. Neo is a blockchain ecosystem intended to be used in the development of a smart economy. The Neo 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 Neo. NEO, as well as 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 24H Technicals
(Source: TradingView ) Neo (NEO) Price Prediction 2024
Neo (NEO) ranks 91st on CoinMarketCap in terms of its market capitalization. The overview of the Neo price prediction for 2024 is explained below with a daily time frame.
NEO/USDT Ascending Triangle Pattern (Source: TradingView )
In the above chart, Neo (NEO) laid out an Ascending Triangle. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs, indicating a consistent level of resistance, and a lower trendline that connects the rising lows, reflecting increasing buying pressure.
As the price approaches the apex of the triangle, the tension between buyers and sellers intensifies. If the trend breaks out at the resistance level, the price will continue to move up in this ascending triangle pattern, often leading to further gains. Traders typically look for confirmation of the breakout, which can enhance the likelihood of a successful upward move.
At the time of analysis, the price of Neo (NEO) was recorded at $10.48. If the pattern trend continues, then the price of NEO might reach the resistance levels of $12.14 and $18.74. If the trend reverses, then the price of NEO may fall to the support levels of $9.36 and $7.57.
Neo (NEO) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Neo (NEO) in 2024.
NEO/USDT Resistance and Support Levels (Source: TradingView )
From the above chart, we can analyze and identify the following as the resistance and support levels of Neo (NEO) for 2024.
Resistance Level 1 $12.13 Resistance Level 2 $16.84 Support Level 1 $8.87 Support Level 2 $6.20
NEO Resistance & Support Levels Neo (NEO) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Neo (NEO) are shown in the chart below.
NEO/USDT RVOL, MA, RSI (Source: TradingView )
From the readings on the chart above, we can make the following inferences regarding the current Neo (NEO) market in 2024.
INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $10.07Price = $10.44(50MA < Price) Bullish/UpTrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 52.41<30 = Oversold50-70 = Neutral>70 = Overbought Neutral Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak Volume
Neo (NEO) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Neo (NEO) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
NEO/USDT ADX, RVI (Source: TradingView )
From the readings on the chart above, we can make the following inferences regarding the price momentum of Neo (NEO).
INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 14.01 Weak Trend Relative Volatility Index (RVI) Volatility over a specific period 41.46<50 = Low>50 = High Low Volatility
Comparison of NEO with BTC, ETH
Let us now compare the price movements of Neo (NEO) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs NEO Price Comparison (Source: TradingView )
From the above chart, we can interpret that the price action of NEO is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of NEO also increases or decreases respectively.
Neo (NEO) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Neo (NEO) between 2025, 2026, 2027, 2028, 2029, and 2030.
Year Bullish Price Bearish Price Neo (NEO) Price Prediction 2025 $75 $6.3 Neo (NEO) Price Prediction 2026 $89 $6.1 Neo (NEO) Price Prediction 2027 $90 $7.2 Neo (NEO) Price Prediction 2028 $100 $5.8 Neo (NEO) Price Prediction 2029 $125 $5.3 Neo (NEO) Price Prediction 2030 $150 $5
Conclusion
If Neo (NEO) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Neo (NEO) price prediction for 2024 is $16.84. Comparatively, the bearish Neo (NEO) price prediction for 2024 is $6.20.
If there is a positive elevation in the market momentum and investors’ sentiment, then Neo (NEO) might hit $50. Furthermore, with future upgrades and advancements in the Neo ecosystem, NEO might surpass its current all-time high (ATH) of $196.85 and mark its new ATH.
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 buy Neo (NEO)?
Traders can trade Neo (NEO) on the following cryptocurrency exchanges such as Binance, FMFW.io, OKX, Upbit, and DigiFinex.
3. Will Neo (NEO) record a new ATH soon?
With the ongoing developments and upgrades within the Neo platform, Neo (NEO) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Neo (NEO)?
Neo (NEO) hit its current all-time high (ATH) of $196.85 on Jan 15, 2018.
5. What is the lowest price of Neo (NEO)?
According to CoinMarketCap, NEO hit its all-time low (ATL) of $0.07229 on Oct 21, 2016.
6. Will Neo (NEO) hit $50?
If Neo (NEO) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $50 soon.
7. What will be the Neo (NEO) price by 2025?
Neo (NEO) price might reach $75 by 2025.
8. What will be the Neo (NEO) price by 2026?
Neo (NEO) price might reach $89 by 2026.
9. What will be the Neo (NEO) price by 2027?
Neo (NEO) price might reach $90 by 2027.
10. What will be the Neo (NEO) price by 2028?
Neo (NEO) price might reach $100 by 2028.
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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.
