The NEO price forecast indicates that the currency will rise as it approaches the upper border of the channel.
Data for NEO Prediction Statistics:
The current price of NEO is $12.51.
The market capitalization of NEO is $879.7 million.
100 million NEO circulating supply
The entire supply of NEO is 100 million.
NEO Coinmarketcap is ranked #57.
NEO/USD Market
Important Levels:
Levels of resistance: $16, $18, $20
Support levels are $9, $7, and $5.
As bulls enter the market at the time of writing, NEO/USD is attempting to make more gains. Today’s European session saw the NEO price reach a new peak of $12.96. In the meanwhile, NEO may combat any short-term selling pressure and bounce back at the aforementioned level.
Price Forecast for NEO: NEO Gets Ready for More Uptrends
The daily chart shows that the NEO price has dropped slightly below the $12.96 daily high, and that any rise in selling pressure might push the price as low as $11. The bullish trend may, however, sustain the NEO price above the 9-day and 21-day moving averages to reach the resistance levels of $16, $18, and $20, respectively, if the buyers are successful in maintaining the positive momentum.
The Relative Strength Index (14) is still above the 50-level, so any bearish movement to the south might identify the supports around $9, $7, and $5. However, if the bulls were unable to drive the coin to the upside, it could experience a downswing below the bottom border of the channel.
In comparison to Bitcoin, NEO’s price is rising as it reaches an all-time high of 464 SAT. If the bulls exert further pressure, it might pass above the 9-day and 21-day moving averages. As a result, the Relative Strength Index (14) is currently trending toward crossing over the 50-level, signaling more positive indications.
Any upward movement of the coin that is bullish above the upper border of the channel can cause it to reach the resistance level of 9000 SAT and above, but if the bulls are unable to push the coin higher, sellers may be able to drive it downward to the support level of 6800 SAT and below.
Alternatives to NEO
The Neo price is bullishly trading at the time of writing and is most likely to break above the moving averages. NEO/USD, however, is now circling at $12.51 as it positions itself for an increase. The presale for the Love Hate Inu (LHINU) token is still going on, and so far, close to $3.5 million has been raised. Investors in the currency should make their purchases, nevertheless, before the presale period closes. However, a member’s overall voting power grows the more LHINU they have staked.
