DaveBrascoFX

Neo long NEO will Go to 46-50$

Long
DaveBrascoFX Updated   
NEO price today is $ 9.71 with a 24-hour trading volume of $ 80.93M, market cap of $ 684.93M, and market dominance of 0.06%. The NEO price increased 1.49% in the last 24 hours.

NEO reached its highest price on Jan 15, 2018 when it was trading at its all-time high of $ 195.95, while NEO's lowest price was recorded on Oct 21, 2016 when it was trading at its all-time low of $ 0.072287. The lowest price since it's ATH was $ 4.18 (cycle low). The highest NEO price since the last cycle low was $ 138.87 (cycle high). The NEO price prediction sentiment is currently neutral, while Fear & Greed Index is showing 64 (Greed).
NEO's current circulating supply is 70.54M NEO out of max supply of 100.00M NEO. In terms of market cap, NEO is currently ranked #1 in the NEO Network sector.


Trend Bullish
Higher Lows
divergence RSI
Momentum bullish
MACD Bullish

Highlights
Price has increased by 18% in the last 1 year
Outperformed 68% of the top 100 crypto assets in 1 year
15 green days in the last 30 days (50%)
Has high liquidity based on its market cap
Trading on Binance
Trading with Euro

Risk Analysis
Outperformed by Bitcoin and Ethereum
Trading below the 200-day simple moving average
Down -95% from all-time high


The top-performing year for NEO was 2017 when the price of NEO increased by 52,232.08% from $ 0.144763 to $ 75.76. The worst performing year for NEO was 2018 when the price dropped by -90.04% from $ 75.76 to $ 7.54. The average yearly growth of NEO over the last 8 years is 7,457.81% per year. Usually, NEO performs best in Q2 with an average of 591.78% gain and worst in Q4 with -4.85% loss.


According to current NEO price prediction, the value of NEO is predicted to drop by -2.29% and reach $ 9.32 by July 9, 2023. According to our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 64 (Greed). NEO recorded 15/30 (50%) green days with 9.15% price volatility over the last 30 days. Based on our NEO forecast, it's now a good time to buy NEO. And I bought NEO at this level 20 technical analysis indicators signaling bullish signals, and 9 signaling bearish signals.


NEO is currently trading below the 200-day simple moving average (SMA). The 200-day SMA has been signaling SELL for the last 2 days, since Jul 01, 2023.

The price of NEO is currently below the 50-day SMA and this indicator has been signaling SELL for the last 4 days, since Jun 30, 2023.

The most recent Death Cross in the Bitcoin market happened 21 days ago, on Jun 12, 2023. Meanwhile, a Golden Cross last occurred on Feb 20, 2023, which was 133 days ago.
Based on technical indicators, NEO's 200-day SMA will rise in the next month and will hit $ 10.00 by Aug 02, 2023. NEO's short-term 50-Day SMA is estimated to hit $ 8.15 by Aug 02, 2023.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 57.69, which indicates that the NEO market is in a neutral position.



NEO Price Forecast

Date Price Change
Jul 5, 2023 $ 9.31 -2.39%
Jul 6, 2023 $ 8.52 -10.66%
Jul 7, 2023 $ 8.70 -8.85%
Jul 8, 2023 $ 8.10 -15.12%
Jul 9, 2023 $ 8.24 -13.60%
Jul 10, 2023 $ 6.79 -28.87%
Jul 11, 2023 $ 6.97 -26.95%
Jul 12, 2023 $ 6.90 -27.64%
Jul 13, 2023 $ 7.17 -24.87%
Jul 14, 2023 $ 7.13 -25.26%
Jul 15, 2023 $ 7.06 -26.02%
Jul 16, 2023 $ 7.05 -26.07%
Jul 17, 2023 $ 7.18 -24.75%
Jul 18, 2023 $ 7.11 -25.52%
Jul 19, 2023 $ 6.96 -27.06%
Jul 20, 2023 $ 6.94 -27.23%
Jul 21, 2023 $ 7.44 -22.02%
Jul 22, 2023 $ 8.11 -15.01%
Jul 23, 2023 $ 7.90 -17.23%
Jul 24, 2023 $ 8.11 -14.94%
Jul 25, 2023 $ 8.17 -14.34%
Jul 26, 2023 $ 7.70 -19.27%
Jul 27, 2023 $ 7.73 -19.01%
Jul 28, 2023 $ 7.70 -19.30%
Jul 29, 2023 $ 7.47 -21.75%
Jul 30, 2023 $ 7.88 -17.38%
Jul 31, 2023 $ 8.68 -8.99%
Aug 1, 2023 $ 8.29 -13.08%
Aug 2, 2023 $ 8.37 -12.29%






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