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The digital currency market, renowned for its volatility, has always presented a canvas of opportunities and risks alike. NEO, often dubbed the ‘Ethereum of China,’ has not been immune to this characteristic ebb and flow, yet it consistently garners attention in the crypto sphere, sparking vibrant discussions and varied Neo price predictions among enthusiasts and skeptics alike.
The NEO coin, with its unique blockchain technology and a vision to digitize assets using smart contracts, has been on the radar of investors and traders for its potential to carve out a niche in the decentralized financial landscape. Amidst the sea of forecasts, some analysts project a bullish future, foreseeing a significant rise from its previous positions and potentially reaching new heights in the coming years. But what do the technical analyses reveal? And how do various factors in the crypto market influence the neo price prediction?
The article covers the following subjects:
In the subsequent sections, we shall delve deeper into the forecasts of seasoned analysts, exploring the technical analysis and myriad factors that could steer the NEO coin’s trajectory in the foreseeable future.
Key Findings: Neo forecast 2023-2030
Price Today. The current cryptocurrency price of neo is $10.99.
Price at the end of 2023. Analysts have estimated that the coin might experience a bullish uptick and reach around $10 – $20 by the end of 2023.
Price for next year 2024. One particular forecast suggests that the NEO coin has the potential to reach a maximum price of $10 — $19.04 by 2024.
Long-term price 2025-2030. The neo forecast for the period 2025-2030 is mixed. Price predictions for 2025 range from $6.85 to $12.15. However, by 2030, the price is expected to decrease, with estimates ranging from approximately $1.75 to $8.07. Notably, the NEO cryptocurrency is predicted to exhibit a promising upward trajectory from 2026 to 2030, with the price anticipated to escalate from around $10.58 in 2026 to an estimated value of $16.42 by 2030.
Insights. Such insights underscore NEO’s potential in the cryptocurrency market, backed by its technological prowess and its ability to support a smart economy through the creation of digital assets and smart contracts.
NEOUSD technical analysis
For NEOUSD technical analysis, traders can use various time frames and instruments, depending on their trading style and strategy.
For short-term analysis and intraday trading, timeframes from minute (M1) to hourly (H1) are suitable. However, for long-term forecasting it is better to use time frames from daily (D) to monthly (M). They better help identify major trends, support and resistance levels, and patterns that indicate possible price reversals. It is recommended to use the following technical tools:
– Moving averages (MA) allow traders to determine the direction and strength of a trend, and also serve as dynamic support and resistance levels. For long-term analysis, you can use a MA with a longer length, such as 50, 100 or 200.
– MACD indicator. With its help, traders can identify the strength and direction of a trend, as well as receive signals about possible reversals when MACD lines intersect or diverge.
– The RSI indicator shows whether the price is in the overbought or oversold zone, and also signals possible reversals.
For medium-term analysis and NEOUSD trading, traders can use time frames from hourly (H1) to daily (D). On these timeframes, you can determine more precise entry and exit points, as well as identify corrections and impulses within the main trend.
For medium-term forecasts, it is important to carefully study the Japanese candlestick chart. With their help, traders can determine the strength and direction of the price, as well as various patterns that indicate a continuation or reversal of the trend.
The Bollinger Bands indicator detects volatility and trend direction quite well. It also serves as dynamic support and resistance levels.
- The Stochastic Oscillator helps determine whether the price is in the overbought or oversold zone, and also signals possible reversals.
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NEOUSD analysis for three months
For a realistic NEO forecast for the short-term period, it is better to use the D1 timeframe.
The previously recorded growth from October to November 2023 has stopped, the price is now in the channel. This indicates consolidation before a breakout.
It is necessary to determine when the sideways market will end and in which direction the price will go next. Let’s take a look at the MACD indicator. In mid-August the price was already moving sideways. Then the asset was in the channel for two months. In mid-October, quotes came out of the flat. The signal and MACD lines merged, moving in parallel.
In our case, the MACD crosses the signal line from top to bottom, which indicates a potential change in the balance of buyers and sellers in favor of the bears.
At the moment, it is recommended to wait for the price to reach $10. Breaking out this level down will give rise to a downtrend. If a breakout does not occur, the price will continue to move inside the channel.
The above pattern can be seen in July 2023, March 2023, September 2022.
Long-term NEOUSD analysis for 2024
Let’s analyze the weekly chart and make a forecast for 2024.
The chart shows that the RSI is approaching the overbought zone. Use Bollinger Bands to find patterns in price history.
The screenshot above shows three ellipses:
- blue ellipses indicate the formed patterns;
- a green ellipse indicates a potential repeat of the pattern.
Let’s project the potential pattern onto Bollinger Bands with expected highs and lows. When the RSI enters the overbought zone, expect the price to rise from $12 to $60 in the fourth quarter of 2024. From the first to the third quarter, the price will continue to move in a channel with a lower border of $5.5 and an upper border of $15.
The table below shows the NEOUSD rate forecast for each month of 2024.
Month | NEOUSD forecast prices | |
---|---|---|
Minimum, $ | Maximum, $ | |
January 2024 | 11.9 | 13 |
February 2024 | 12.85 | 13.73 |
March 2024 | 12.1 | 12.91 |
April 2024 | 11.25 | 12.14 |
May 2024 | 11.02 | 12.8 |
June 2024 | 13.5 | 14.3 |
July 2024 | 13.9 | 14.7 |
August 2024 | 14.88 | 15.75 |
September 2024 | 15.2 | 19.1 |
October 2024 | 18.3 | 21 |
November 2024 | 23 | 28.1 |
December 2024 | 28 | 32 |
Long-term NEOUSD analysis
Let’s analyze the prospects of the NEO coin and make up the optimal trading plan
Long-term trading
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It is recommended to wait until the price reaches the support level around $9, which is a strong psychological barrier. This could happen during the first quarter of 2024 if the downtrend prevails.
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You can buy NEO at this price or a little higher if there are signs of a trend reversal, for example, candlestick patterns, the intersection of MACD lines or the RSI leaving the oversold zone.
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Set a stop loss below a support level, such as $8.2, to limit potential losses.
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Set take profit at resistance level around $35, which is a strong 2021 high. This could happen during the fourth quarter of 2024.
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You can sell NEO at this price if there are signs of a trend reversal.
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Repeat the cycle if the price continues to move in a wide range between $10 and $30 during 2023-2024.
Medium-term trading
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It is recommended to wait until the price reaches one of the support or resistance levels that coincides with the MA 50 or MA 200 in the daily chart. This could be, for example, $8, $12, $16, $20, $24, $28, $32 or $36.
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If the trend is downward, then you can sell NEO at resistance levels and buy at support levels. During the uptrend, buy at support levels and sell at resistance levels. It is recommended to set stop loss and take profit at a distance of 10-20% from the entry point.
Weekly Elliott wave NEO analysis as of 29.01.2024
The NEOUSD market continues forming a bearish correction as a triple zigzag W-X-Y-X-Z. After the motive wave Y completed, the market has been declining in the second linking wave X, unfolding as a triple zigzag [W]-[X]-[Y]-[X]-[Z], as outlined in the chart. The final motive wave [Z] is now developing as a standard zigzag. Let us explore the most recent chart section in a shorter timeframe.
The bearish impulse (A) has completed within the motive wave [Z]. Correction (B) is currently developing as an ascending zigzag A-B-C. Following impulse A, the price is being corrected down in wave B. Next, the market will resume rising in the C impulse to a level of 12.83, where wave (B) will be 61.8% of wave (A).
Weekly NEOUSD trading plan:
Buy 10.90, TP 12.83
NEOUSD wave analysis is presented by an independent analyst, Roman Onegin.
Neo price prediction for 2024 by Crypto Experts
Experts disagree about the future of NEOUSD. However, most analysts predict steady growth.
Longforecast.com
In 2024, NEO cryptocurrency is projected to experience a declining price trend, according to predictions from LongForecast. Starting at $6.68 in January, the price is expected to decrease by 16% to $5.61 by the end of the month. The downward trajectory continues into February, starting at $5.61 and further depreciating by 8.9% to $5.11. March forecasts suggest a continuation of this trend, with prices starting at $5.11 and falling by 8.8% to around $4.66 by month-end. The price is expected to decrease by July and then start fluctuating in the range between $3.40–$4.80. The overall declining price trend in the first quarter indicates a bearish outlook for NEO in 2024, inviting investors to exercise caution and vigilance in their investment strategies.
CryptoNewsZ
According to the website analysts, the NEO token price in 2024 is projected to trade between $18.78 and $27.04. The anticipated average price is pinpointed at $22.91. The provided range suggests a moderately volatile market for NEO, yet the overarching trend, whether bullish or bearish, remains unspecified in the data. Additional analysis encompassing historical data and broader market trends would further enlighten the potential trajectory and investment viability of NEO in 2024.
Month | Minimum Price | Maximum Price |
January | $18.78 | $21.26 |
February | $21.26 | $21.67 |
March |
$21.67 |
$22.50 |
April | $22.08 | $23.12 |
May | $22.50 | $23.74 |
June | $23.12 | $24.15 |
July | $23.53 | $24.56 |
August | $24.15 | $25.18 |
September | $24.77 | $25.80 |
October | $25.18 | $26.21 |
November | $24.56 | $26.63 |
December | $25.39 | $27.04 |
Source: www.cryptonewsz.com
Neo price prediction for 2025
TechNewsLeader
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Price Range Forecast. The analytical minds at TechNewsLeader foresee a promising horizon for NEO as it strides into 2025. Their crystal ball reveals a price spectrum that stretches from a humble $15.67 to a more ambitious $18.90 by the end of 2025. This projection embodies a blend of cautious optimism and strategic foresight, keeping a realistic yet hopeful outlook.
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Market Trend. In the meticulous analysis, the pundits emphasize a likely upswing in NEO’s valuation, spearheaded by the relentless efforts of network developers and community investors. The bullish stance on NEO’s journey towards 2025 echoes the common optimism in the crypto-verse, where resilience and community drive often fuel monumental upticks.
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Long-term Outlook. The assertion of an uptrend suggests a broader vision, hinting at a blossoming era for NEO. The narrative spins around the numeric appreciation and the potential catalysts that might propel NEO to its envisioned maximum.
CryptoNewsZ
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Price Range. CryptoNewsZ provides a more tempered outlook, estimating a price range of $23.22 to $33.43 for NEO in 2025. The extended forecast to 2030 presents a bullish scenario with prices reaching up to $102.97.
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Market Trend. The brief yet insightful forecast hints at a long-term earning potential, promising a sustained NEO performance until 2025. This projection aligns with the general sentiment of a burgeoning crypto market.
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Long-term Outlook. The narrative, though scant, opens a window to a realm where NEO continues its reign, bolstered by a strong market performance. The belief in NEO’s potential to maintain its momentum is a subtle nod to the robustness of its underlying technology and the loyalty of its investor base.
WalletInvestor
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Price Range Forecast. The precise price range remains shrouded in mystery in WalletInvestor’s brief mention. The long-term analysis, however, hints at a deeper delve into NEO’s financial odyssey, possibly unraveling the threads of its price trajectory.
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Market Trend. The elusive narrative leaves much to the imagination, yet the invitation to explore a long-term analysis suggests an undercurrent of anticipation. It’s a tacit acknowledgment of the crypto market’s volatility, with a sliver of hope glistening for NEO’s prospects.
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Long-term Outlook. The sparse details beckon curious minds to dig deeper, hinting at a complex tapestry of market dynamics that awaits unraveling. The foresight, or the lack thereof, is a humble bow to the cryptic nature of blockchain ventures, where the only certainty is the thrilling promise of the unknown.
Traders union
According to tradersunion.com experts, the Neo price will experience an increasing trend throughout the year. The coin is estimated to begin the year within a range of $7.82 to $9.56 and end between $8.62 and $10.54. The maximum price predicted for NEO in 2025 is $10.54, while the minimum is $7.82. This upward trend implies a positive market outlook for NEO in 2025, suggesting potentially profitable investment opportunities for investors who enter the market early in the year.
Month | Minimum Price | Maximum Price | Average price |
January 2025 | $7.82 | $9.56 | $8.69 |
February 2025 | $7.89 | $9.65 | $8.77 |
March 2025 | $7.96 | $9.74 | $8.85 |
April 2025 | $8.04 | $9.82 | $8.93 |
May 2025 | $8.11 | $9.91 | $9.01 |
June 2025 | $8.18 | $10 | $9.09 |
July 2025 | $8.25 | $10.09 | $9.17 |
August 2025 | $8.32 | $10.18 | $9.25 |
September 2025 | $8.4 | $10.26 | $9.33 |
October 2025 | $8.47 | $10.35 | $9.41 |
November 2025 | $8.54 | $10.44 | $9.49 |
December 2025 | $8.62 | $10.54 | $9.58 |
How Did the NEO Price Change Over Time?
The cryptoverse is no stranger to volatility, with NEO exemplifying this trait through its price movements over time. A dive into historical data paints a clearer picture of NEO’s trajectory, aiding in forecasting its potential price.
In 2020, NEO commenced below the $10 mark, plummeting to its yearly bottom of $4 on March 13 (as per Bitfinex). However, it rebounded, touching $25.90 by September 18, only to retreat near $14 as the year concluded.
The NEO/USD pair often mirrors the BTC/USD pair, with the latter’s trends casting a long shadow on the former. March 2020’s financial upheaval due to the pandemic saw both Bitcoin and NEO tumble. Yet, unique developments created divergent price pathways. NEO’s alliance with the Blockchain-based Services Network (BSN) in late July is noteworthy, propelling its value as BSN’s cost-effective platform for blockchain endeavors augments the digital economy.
2021 was a rollercoaster, with NEO inaugurating at $14.25. Mid-April saw a bullish sprint, thanks to Bitcoin’s strides and the unveiling of an updated Go node for N3. This new rendition addressed bottlenecks, notably enhancing the notary service and key management. China’s evolving crypto stance, underscored by the People’s Bank of China’s endorsement of cryptocurrencies as “investment tools” on April 19, further catalyzed NEO’s ascent.
The bull run persisted till May 7, with NEO reaching a year-to-date high of $140.77, only to plunge to $25.03 by July 20 (Bitfinex). Bitcoin’s May decline played a role in this descent.
NEO embarked on a recovery, rising from $25.03 on July 20 to a commendable $62.97 by August 24, a magnificent over 151% upswing within a month. September saw it surpass the $60 threshold, although a price correction ensued, inaugurating a long-term bearish trend until early March 2022, with NEO hovering around $20.
Several contemporary developments hold promise for NEO’s valuation. The integration of the NEO-backed Jiuquan Chain into the ten chains constituting the Chinese mainnet is pivotal, facilitating the Chinese citizenry’s ingress into NFT markets via the BSN Open Permissioned Blockchain in compliance with local regulations.
The smooth transition of assets from N2 to N3 post the August 2, 2021, launch of N3 is also consequential. This meticulous asset transfer mitigated bug risks, ensuring a seamless migration.
The advent of N3, NEO’s avant-garde blockchain version, and the inception of myriad NFT projects and DeFi protocols on N3 bodes well for NEO’s potential uplift.
NEO’s historical maximum of $196.85 was recorded on January 15, 2018. While current valuations are distant from such peaks, analysts anticipate NEO to orbit around $20 in 2023. The migration to N3 and the surge in NFT and DeFi projects on the platform are anticipated to determine NEO’s price trajectory.
The average price of Neo, its minimum price, and how the coin is expected to perform depends on multifaceted factors, including regulatory landscapes, technological advancements, and the broader crypto market dynamics. As of the latest data, the NEO/USD rate stands at $7.06, with traders keeping a keen eye on NEO, envisaging its earnings potential.
Long-term Neo price prediction for 2026-2030 and Beyond by Crypto Experts
Long-term forecasts of cryptocurrency prices are very imprecise and are of an estimation nature. The market situation can change at any time.
CryptoNewsZ
Based on the figures from CryptoNewsZ, the NEO token shows promise as it ventures into the latter part of the decade. The price prediction pegs NEO at a range of $28.48 to $102.97 by 2030, signaling a bullish sentiment towards this asset. This potential rise could be fueled by technological advancements in the NEO blockchain and a favorable market sentiment. The provided data reflects an optimistic outlook, suggesting that investors could find value in this asset over a long-term horizon.
Traders Union
According to forecasts from Traders Union, the NEO cryptocurrency exhibits a promising upward trajectory from 2026 to 2030. Positioned as a progressive digital asset, NEO is projected to appreciate notably during this period. The price is anticipated to escalate from its valuation of approximately $10.58 in 2026 to an estimated $16.42 by 2030.
This bullish trend signals prospective growth, underpinned by the digital asset’s robust technological framework and its potential to foster a smart economy by facilitating the creation of digital assets and smart contracts. Investors and stakeholders should closely monitor the regulatory landscape and technological advancements, as these could serve as pivotal factors influencing NEO’s market dynamics and its long-term viability in the volatile cryptocurrency domain.
Year | Price in the middle of the year | Price at the end of the year |
2026 | 10.12 USD | 10.67 USD |
2027 | 11.27 USD | 11.89 USD |
2028 | 12.55 USD | 13.24 USD |
2029 | 13.96 USD | 14.74 USD |
2030 | 15.56 USD | 16.42 USD |
Source: Traders Union Neo forecast
Conclusion: Is NEO Coin Good Investments?
Various analysts project a possible uptick from $10 to $20 by the end of 2023. Moreover, the Neo coin price prediction sees a varied future beyond that, with estimates for 2025 oscillating between $6.85 and $12.15 and a rather divergent forecast for 2030 ranging from a low of $1.75 to a high of $8.07.
Notably, Traders Union provides a bullish perspective, forecasting a rise from $10.58 in 2026 to an approximate value of $16.42 by 2030. Website experts attribute this to NEO’s robust technological infrastructure and the coin’s potential to pioneer a smart economy.
However, investors should proceed cautiously and closely observe the regulatory framework and technological advancements, which can significantly influence NEO’s market cap and overall stability in the volatile crypto domain. While the overall trend implies an optimistic outlook, the varied predictions underscore the importance of prudence and comprehensive analysis in navigating the crypto investment landscape.
Neo price prediction FAQ
While the future is uncertain, some predictions suggest a potential increase in value by 2025, but a decrease in value is predicted by 2030.
The profitability of mining NEO was not discussed in the sources.
Price chart of NEOUSD in real time mode
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.
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