- Bullish NEO price prediction for 2022 is $8.73 to $12.63.
- The NEO price will also reach $15 soon.
- Bearish NEO price prediction for 2022 is $6.81.
In Neo (NEO) price prediction 2022, 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
According to CoinGecko, the price of Neo (NEO) is $8.97 with a 24-hour trading volume of $44,271,780 at the time of writing. However, NEO has increased to 6.4% in the last 24 hours.
Moreover, Neo (NEO) has a circulating supply of 70,530,000 NEO. Currently, NEO trades in cryptocurrency exchanges such as Binance, FMFW.io, HitBTC, Bitrue, BKEX, Bitfinex, DCoin, OKX, and P2B2B.
What is Neo (NEO)?
Neo (NEO) is the governance token of the Neo blockchain. Neo is an open-source public blockchain that aids the management of digital assets through smart contracts. It is popularly known as the “Chinese Ethereum Killer”, as it reflects the functionality of Ethereum. NEO token was launched in an ICO in August 2017.
Neo was launched initially as Antshares in October 2016. It is based on a hybrid consensus model that integrates both delegated byzantine fault tolerance (dBFT) and Practical Byzantine Fault Tolerance (PBFT) mechanisms.
Neo comprises a dual-token model: NEO and GAS. NEO is used in the governance mechanisms and GAS is utilized in the in-network incentive mechanisms.
Neo (NEO) Price Prediction 2022
Neo (NEO) holds the 74th position on CoinGecko right now. NEO price prediction 2022 is explained below with a daily time frame.
The above chart of Neo (NEO) laid out a descending triangle pattern. This pattern is often regarded as a characteristic of a bearish trend. It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower support level, the bearish trend would be sustained.
Generally, descending triangle pattern indicates the reversal of an uptrend or the continuation of the downtrend. Traders keenly look out for a significant breakout point.
Currently, Neo (NEO) is at $8.52. If the pattern continues, the price of NEO might reach the resistance level of $8.74, $10.19, and $12.42. If the trend reverses, then the price of NEO may fall to $7.93.
Neo (NEO) Support and Resistance Levels
The chart below shows the support and resistance levels of Neo (NEO).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Neo (NEO).
| Resistance Level 1 | $8.73 |
| Resistance Level 2 | $9.89 |
| Resistance Level 3 | $11.23 |
| Resistance Level 4 | $12.63 |
| Support Level | $8.0 |
The charts show that 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 $12.63.
Accordingly, if the investors turn against the crypto, the price of the NEO might plummet to almost $8, a bearish signal.
Neo (NEO) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Neo (NEO) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of NEO lies below the cutoff line, indicating weak participants in the current trend.
Moreover, the Moving Average (MA) of Neo (NEO) is shown in the above chart. Notably, the NEO price lies below 50 MA (short-term), so it is completely in a downward trend. Currently, NEO is in a bearish state. There is a possibility of a reversal trend of NEO at any time.
Meanwhile, the relative strength index (RSI) of the Neo (NEO) is at a level of 40.40. This means that NEO is in an oversold state. However, this gives confidence to the traders to trade without any fear.
Neo (NEO) Price Prediction 2022 — ADX, RVI
Let us now look 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.
The above chart represents the ADX of Neo (NEO). Currently, NEO lies in the range of 9.77, indicating a weak trend.
From the above chart, 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, NEO’s RSI is at 40.40, thus confirming a potential buy signal.
Comparison of NEO with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Neo (NEO).
From the above chart, we can interpret ETH, BTC, and NEO are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and NEO also increase or decrease respectively.
Neo (NEO) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Neo (NEO) might probably attain $30 by 2023.
Neo (NEO) Price Prediction 2024
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 $65 by 2024.
Neo (NEO) Price Prediction 2025
If Neo (NEO) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, NEO will rally to hit $90.
Neo (NEO) Price Prediction 2026
If Neo (NEO) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, NEO will rally to hit $150.
Neo (NEO) Price Prediction 2027
If Neo (NEO) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, NEO will rally to hit $200.
Neo (NEO) Price Prediction 2028
If Neo (NEO) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, NEO would hit $260.
Neo (NEO) Price Prediction 2029
If investors flock in and continue to place their bets on Neo (NEO), it would witness major spikes. NEO might hit $340 by 2029.
Neo (NEO) Price Prediction 2030
With greater advancements in the Neo ecosystem, the crypto community might continue to invest in Neo (NEO) for the next 8 years and drive significant price rallies for the token. Hence, Neo (NEO) might hit $400 by 2030.
Conclusion
With continuous improvements in the Neo network, we can say that 2022 is a good year for NEO. For this reason, the bullish price prediction of Neo (NEO) in 2022 is $12.63. On the other hand, the bearish price prediction of Neo (NEO) for 2022 is $8.
Furthermore, with the advancements and upgrades in the Neo ecosystem, the performance of Neo (NEO) might hit $15 gaining investors’ attention. It would also rise above its all-time high (ATH) of $198.38 in the near future.
FAQ
Neo (NEO) is the governance token of the Neo blockchain, popularly known as the “Chinese Ethereum Killer”. Neo is an open-source public blockchain that aids the management of digital assets through smart contracts.
Neo (NEO) has been listed on many crypto exchanges which include Binance, FMFW.io, HitBTC, Bitrue, BKEX, Bitfinex, DCoin, OKX, and P2B2B.
With the ongoing developments and upgrades within the Neo platform, Neo (NEO) has a high possibility of reaching its ATH soon.
On January 15, 2018, Neo (NEO) reached its new all-time high (ATH) of $198.38.
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 2022.
Neo (NEO) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues, Neo (NEO) will hit $15 soon.
Neo (NEO) price is expected to reach $30 by 2023.
Neo (NEO) price is expected to reach $65 by 2024.
Neo (NEO) price is expected to reach $90 by 2025.
Neo (NEO) price is expected to reach $150 by 2026.
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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Source: https://thenewscrypto.com/neo-price-prediction