Neo Price Prediction 2022 – Will NEO Hit $150 Soon?
- Bullish NEO price prediction is $24.92 to $142.26.
- The NEO price will also reach $150 soon.
- NEO bearish market price prediction for 2022 is $5.28.
In Neo’s (NEO) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about NEO to analyze the future movement of the cryptocurrency.
Neo Current Market Status
According to CoinGecko, the price of NEO is $16.47 with a 24-hour trading volume of $117,589,815 at the time of writing. However, NEO has decreased nearly 11.2% in the last 24 hours.
Moreover, NEO has a circulating supply of 70,530,000 NEO. Currently, NEO trades in cryptocurrency exchanges such as Binance, OKX, Huobi Global, CoinTiger, and KuCoin.
What is Neo (NEO)?
NEO uses smart economic methods to realize its distributed network concept. Its main objective is to digitize assets using blockchain technology and a decentralized network of digital identities. The main goal of Neo is to become a distributed network of smart economy that is “Digital Assets + Digital Identity + Smart Contract = Smart Economy”.
Neo was developed by OnChain, a Shanghai-based R&D company, and was funded through two direct sales: the first batch sale in October 2015 sold 17.5 million NEO tokens at a price of $550,000, and the second crowdsale sold the remaining 22.5 million NEO tokens for $4.5 million.
Neo (NEO) Price Prediction 2022
Neo holds the 78th position on CoinGecko right now. NEO price prediction 2022 is explained below with a weekly time frame.
A falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. A falling wedge pattern is considered to be a reversal pattern, although there are examples when it facilitates a continuation of the same trend. The falling wedge pattern occurs when the price is moving in an overall bullish trend before the price action corrects lower.
Currently, NEO is in the range of $16.42. If the pattern continues, the price of NEO might reach the resistance level of $52.22 and $136.74. If the trend reverses, then the price of NEO may fall to $15.27.
Neo (NEO) Support and Resistance Level
The below chart shows the support and resistance level of NEO.
From the above weekly time frame, it is clear the following are the resistance and support levels of NEO.
- Resistance Level 1 – $26.26
- Resistance Level 2 – $39.94
- Resistance Level 3 – $57.47
- Resistance Level 4 – $91.26
- Resistance Level 5 – $142.26
- Support Level 1 – $13.66
- Support Level 2 – $8.04
- Support Level 3 – $5.28
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 $142.26.
Accordingly, if the investors turn against the crypto, the price of the NEO might plummet to almost $5.28, a bearish signal.
Neo Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of 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 weaker participants in the current trend.
More so, the NEO’s Moving Average (MA) is shown in the chart above. Currently, NEO is in a bearish state. Notably, the NEO price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of NEO at any time.
Meanwhile, the relative strength index (RSI) of the NEO is at level 27.31. This means that NEO is in an oversold state. However, this means a major price reversal of NEO may occur in the upcoming days. So, traders need to trade carefully.
Neo Price Prediction 2022 — ADX, RVI
Let us now look at Neo’s Average Directional Index (ADX). 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. Currently, NEO lies in the range of 39.91, so it indicates a weak trend.
From the above chart, the Relative Volatility Index (RVI) of NEO. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of NEO lies below the 50 levels, indicating that the direction of volatility is low. In fact, NEO’s RSI is at 27.31 level thus confirming a potential sell signal.
Comparison of NEO with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Neo.
From the above chart, we can identify the trend of the ETH, BTC, and NEO is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and NEO also increases or decreases respectively.
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 in 2022 is $142.26. On the other hand, the bearish NEO price prediction for 2022 is $5.28.
Furthermore, with the advancements and upgrades on the NEO ecosystem, the performance of NEO would help to reach above its current all-time high (ATH) $91.26 very soon. But, it might also reach $150 if the investors believe that NEO is a good investment in 2022.
FAQ
The NEO token is the main cryptocurrency that runs the Neo blockchain and can be used to hold, send, spend and stake.
NEO has listed on many crypto exchanges which include Binance, OKX, Huobi Global, CoinTiger, and KuCoin.
With the ongoing developments and upgrades within the NEO platform, it has a high possibility of reaching its ATH soon.
On Jan 15, 2018, 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 then Neo (NEO) will hit $150 soon.
Neo (NEO) price is expected to reach $200 by 2023.
Neo (NEO) price is expected to reach $260 by 2024.
Neo (NEO) price is expected to reach $330 by 2025.
Neo (NEO) price is expected to reach $400 by 2026.
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Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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