• Neo (NEO) is a governance token of the blockchain ecosystem intended to be used in the development of a smart economy.
• Currently, Neo (NEO) is in the range of $9.42, and its price prediction for 2023 is between $7.86 to $12.76 or $5.97.
• The chart of Neo (NEO) laid out a horizontal channel pattern, with support and resistance levels being calculated at $6.04, $9.42, $10.45 and up to $17.43 respectively.
What is Neo (NEO)?
Neo (NEO) is a governance token of Neo, a blockchain ecosystem intended to be used in the development of a smart economy. This blockchain was first introduced in 2014 under the name Antshares and rebranded as Neo three years later in 2017. There are two native tokens in the Neo blockchain ecosystem – NEO and NEO GAS; NEO is used to establish ownership and management roles while NEO Gas is used to pay for transactions on the platform.
Neo (NEO) Current Market Status
Currently, as per CoinGecko data, Neo’s market status lies at position 74 with its current price being at $8.80 and 24-hour trading volume at 77 million USDT ($77 million). 24-hour price change stands at 9% down from its all-time high value recorded on 15th January 2018 which stood at 198 USDT ($198). Circulating supply stands 70 million tokens strong currently with 70 million tokens available for trading as per CoinGecko records right now/
Neo (NEO) Price Prediction 2023
The future movement of cryptocurrency can be analyzed using statistics, price patterns, RSI & RVOL indicators among other information regarding this particular digital asset – namely, Neo coin here! As per our analysis based on these indicators combined with some technical analysis methods such as Horizontal Channel Pattern – we predict that NEO prices might reach anywhere between 7 USDT ($7) & 18 USDT ($18), following an uptrend or downtrend if trend reverses by 2023 end respectively!
Neo (NEO) Support & Resistance Levels
The chart below shows the support & resistance levels of NEO /USDT pair . As per our analysis we have come up with four contact points via which we can identify potential buy & sell points i.e: 6 USDT ($6), 9 USDT ($9), 10 USDT ($10)and 17 USDT ($17). These are identified using Horizontal Channel Pattern mentioned earlier above!
Neo Price Prediction 2023 Summary
To summarize our findings from earlier sections: We predict that by end year 2023 – neo price could range between 7 USTD($7 )& 18 USTD($18); depending upon whether it follows an uptrend or downtrend followed by reversal trend respectively! Support & resistance levels are calculated as 6 USTD($6 ), 9 USTD($9 ), 10 USTD($10 )and 17 USTD($17 ).