Neo [NEO] Technical Analysis and Price Prediction 2018, 2020 21980

The cryptocurrency market was seen in a broad consolidation phases, amid lack of fresh triggers. However, Neo [NEO] seems to be underperforming compared to most of its peers. In the last seven days, the coin saw its prices go down nearly 6 percent.

The digital asset initially breached a key support level, which can be traced at $21.02, and has dropped lower since. The coin is attempting to break out from the current resistance level noted at $21.02. However, the crypto is currently trading below the $20 mark.

At the time of writing, the 100 EMA line indicated that the virtual currency was in an uptrend. The MACD showed that the coin was slowly making its way into the bearish zone. The altcoin is exhibiting a significant trading range of $19.04-$21.44. As of 2045 GMT, the crypto slid 5.9 percent against the U.S. dollar to trade at $20.07.

Neo [NEO] Technical Analysis and Price Prediction 2018, 2020-BCFocus

The coin had fallen 5.1 percent against BTC, at the time of writing. Currently, one token is equivalent to around 00285 BTC.

Neo [NEO] Price Prediction 2018, 2020

  • According to Smartereum, the coin’s prices will likely hit $335 by the end of this year. Cryptoupdates has predicted that the crypto can touch $900 or more by 2020.
  • Longforecast expects the digital currency to see its value diminish and trade at $13 by the end of this year. However, the 2020 forecast is more optimistic, according to which the coin is expected to trade at $46.

Neo [NEO] Latest Updates

WandX, a multi-blockchain DEX platform that trades in ERC20 tokens, recently announced its upcoming launch of NEO DEX. WandX expects to launch the MainNet version of the new DEX on September 6.

See also:

WandX introduces beta version for trading NEO and Ethereum tokens

O3 Alliance to amplify the reach of dApps in the NEO ecosystem

Image via Shutterstock

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Published on

2018-08-29 23:00:40


Jessica Kuruthukulangara

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