Neo Coin (NEO) Technical Analysis 2021 for Crypto Traders


NEO is one of the most popular cryptocurrencies in the world, with a market cap of over $4 billion. It’s also one of the most volatile cryptocurrencies, making it difficult for traders to make money. A technical analysis will help you determine where NEO is headed next year and how to trade it accordingly.

The neo coin price prediction 2025 is a technical analysis of the Neo coin. This article will include a detailed overview of NEO, its market cap and other relevant information.

We utilize historical data, price trends, RSI, and other information about NEO to evaluate the cryptocurrency’s future movement in 2021 Neo Coin Technical Analysis. 

In 2014, NEO was the first open-source cryptocurrency to be created in China. It has its own cryptocurrency and is able to create digital assets and smart contracts using it. NEO also includes a crypto-token called GAS, which was formerly known as ANC-Antcoins, in addition to NEO tokens. The ultimate aim is to build a smart economy that connects conventional and digital assets.

Current Market Situation for Neo Coin (NEO)

At the time of writing, the NEO price was $47.07, with a 24-hour trading volume of $628,546,479, according to CoinGecko. NEO, on the other hand, has dropped by 16% in the past 24 hours.

Furthermore, there are 70,530,000 NEO in circulation. Binance, Huobi Global, OKEx, CoinTiger, and FTX are now trading NEO.

Neo Coin Technical Analysis 2021 

Neo Coin (NEO) may achieve new heights as a result of recent improvements and enhancements. Let’s take a closer look at the NEO technical analysis for 2021. Below is a weekly time frame chart of Neo Coin (NEO) showing two perspectives of the pattern.

Let’s begin by looking at the trade volumes in 2018 and 2019. The price of NEO is on a downward trend. The price then enters a stage of consolidation. Furthermore, NEO’s most recent trend is positive. As a result, the positive price trend in NEO is expected to continue. The next support level is at $94.134, due to the current NEOUSDT exchange rate being considerably higher.

RSI, MACD, and MAX for Neo Coin (NEO)

The Moving Average Convergence/Divergence (MACD) of NEO is shown in the chart below. The MACD (blue line) remains slightly above the signal indication (orange line), indicating a bullish crossing. As a result, cryptocurrency traders may anticipate more positive days in the future. 

If the MACD starts to move below the signal indication and executes a bearish crossing, on the other hand. The cryptocurrency then has a good chance of hitting fresh lows.

Let’s take a look at NEO’s relative strength index (RSI). The RSI stays at 38, as seen in the graph above. This indicates that the price of NEO is almost oversold. This, on the other hand, provides dealers the confidence to trade without fear.

The chart below shows the Moving Average (MA) and Exponential Moving Average (EMA) for NEO. Furthermore, MA is a kind of technical analysis that aids traders in identifying patterns. The exponential moving average (EMA) is a kind of moving average.

The NEO price has clearly exhibited numerous bullish patterns since the beginning of 2021. Furthermore, if all of these factors are taken into consideration, NEO may have a competitive market by 2021.

Conclusion

With the continuing improvements and enhancements to the NEO platform. In current crypto economy, the cryptocurrency NEO has a bright future. However, it’s conceivable that NEO may soar to new heights.

The bullish price forecast for NEO in 2021 is $94. As previously said, it has the potential to reach tremendous heights, perhaps even $200, if investors believe that NEO is a worthwhile investment in 2021.

FAQ

What exactly is NEO?

NEO is a cryptocurrency and smart contract platform that allows developers to create apps in a variety of programming languages. GAS is used to cover the expense of developing and executing smart contracts.

NEO is available for purchase in a variety of places.

Binance, Huobi Global, OKEx, CoinTiger, and FTX are just a few of the crypto exchanges that have NEO listed. In which the cryptocurrency may be exchanged for fiat money, stablecoins, and other cryptocurrencies.

Will NEO soon hit a new all-time high?

The NEO platform, with its continuing improvements and upgrades, has a good chance of achieving its ATH shortly.

Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.

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Frequently Asked Questions

Is Neo a good investment in 2021?

 

Can you trade Crypto with technical analysis?

Yes, I can trade Cryptocurrency with technical analysis.

Which is the best cryptocurrency to invest in 2021?

Bitcoin is the most popular cryptocurrency, and its currently worth $5,600.

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