Neo Price Prediction 2021 – Will NEO Hit $140 Soon?

NEO is the brainchild of OnChain, a blockchain company founded by Da Hongfei. They are working to create a smart economy and make NEO the most used cryptocurrency in the world. Will NEO hit $140 soon?

The neo price prediction 2025 is a question that has been asked many times. Neo, the cryptocurrency that was created in 2014, has seen it’s price increase from $0.07 to $15.

  • The range of bullish NEO price predictions is $40 to $140.
  • For the year 2021, a pessimistic market price forecast for NEO is $13.

We utilize statistics, price analysis, RSI, and other information about NEO to evaluate the future trend of cryptocurrency in Neo (NEO) price forecast 2021.

To achieve its dispersed network idea, NEO employs smart economic techniques. Its primary goal is to use blockchain technology and a decentralized network of digital identities to digitize assets. Neo’s primary aim is to create a distributed smart economy network using the formula “Digital Assets + Digital Identity + Smart Contract = Smart Economy.”

Neo was created by OnChain, a Shanghai-based R&D firm, and was funded through two direct sales: the first batch sale, which took place in October 2015, sold 17.5 million NEO tokens for $550,000, and the second crowdsale, which took place in December 2015, sold the remaining 22.5 million NEO tokens for $4.5 million.

At the time of writing, the NEO price was trading at $30.86, with a 24-hour trading volume of $460,451,446, according to CoinGecko. NEO, on the other hand, has risen by 2.7 percent in the past 24 hours.

In addition, there are 70,530,000 NEO in circulation. NEO is currently traded on Binance, OKEx, Huobi Global, CoinTiger, and FTX, among other cryptocurrency exchanges.

Price Prediction for Neo (NEO) in 2021

At the moment, NEO is ranked 47th on CoinGecko. The price of NEO in 2021 is forecasted using a weekly time period, as shown below.

Weekly Time Frame NEO/USDT Price Chart (Source: TradingView)

The Higher High and Higher Low patterns are shown in the graph above. This is a rising trend, and the value of tokens typically rises in this fashion. At the start of this time, NEO switched from a bearish to a bullish trend, as seen in the graph above. This is due to the high amount of trades that occurred during this time period.

If the price of NEO breaks the resistance level of $56 on the weekly time frame chart, it will hit the goal of $141. Otherwise, if the NEO price breaks through the $25 support level, it will fall to the following support levels of $13 and $7.5. As a result, the NEO’s trend is predicated on the breakout.

Levels of NEO Support and Resistance

The chart below depicts NEO’s support and resistance levels.

Neo Price Prediction 2021 – Will NEO Hit $140 Soon?Support and Resistance Levels for NEO/USDT (Source: TradingView)

The resistance and support levels of NEO may be seen in the weekly time frames shown above.

  • Level 1 Resistance – $40
  • Level 2 Resistance – $56
  • Level 3 Resistance – $91
  • $141 – Resistance Level 4
  • Level 1 Support – $25
  • $13 for Level 2 Support
  • Level 3 Support – $7.5
  • $5.2 for Support Level 4

NEO has been on a positive trend for the last month, according to the charts. If the current trend continues, NEO may catch up with the bulls and break over its resistance level at $141.

In the event that investors turn against cryptocurrency, the price of NEO may fall to almost $13, indicating a negative warning.

The NEO Average Directional Index is a measure of how well a company is doing (ADX)

Let’s take a look at NEO’s average directional index (ADX). The Directional Movement Index is linked to the ADX, which is used to assess the overall strength of the trend (DMI).

The oscillator has a 0 to 100 range. A high price also implies a strong trend, while a low price suggests a weak trend. It is often used in conjunction with directional indicators. 

The ADX of NEO remains above the range of 51 in the chart above, indicating a very strong trend.

Conclusion

NEO is one of the few cryptocurrencies that has managed to hold its ground in the face of the bear market. Furthermore, we have a positive long-term NEO price forecast for 2021. This year, it has a good chance of surpassing its current all-time high (ATH) of $198.38. However, this only occurs when NEO overcomes a significant amount of psychological opposition.

Furthermore, the NEO ecosystem may have a bright future ahead of it in 2021, thanks to continuous improvements and enhancements. It may soon hit $140, and it may even reach high levels, such as $200, if investors believe NEO is a solid investment in 2021.

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Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.

The neo price prediction 2020 is a question that has been asked many times. Some people think that NEO will hit $140 soon, while others believe it will take longer than that.

Frequently Asked Questions

Will NEO go up 2021?

 

Is NEO a good investment in 2021?

In 2021, the price of NEO will be around $15.

Is gas crypto a good investment?

This is a difficult question to answer.

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