Neo (NEO) Price Prediction 2023: Will Neo Hit $20 Soon?
• Neo (NEO) is a governance token used in the development of a smart economy and has two native tokens, NEO and NEO GAS.
• Neo’s current market status is at $8.80 with 24-hour trading volume of $77,175,382 and 24-hour price change of 9.2% down.
• The prediction for Neo (NEO) in 2023 is positive with possible resistance levels reaching up to $10.45 to $17.43, and possible support levels falling to $6.04.
What is Neo (NEO)?
Neo (NEO) is a governance token used in the development of a smart economy which was first introduced in 2014 under the name Antshares before rebranding as Neo in 2017. There are two native tokens in this blockchain ecosystem – NEO and NEO GAS; where NEO establishes ownership and management roles while NEO Gas pays for blockchain transactions.
Neo (NEO) Current Market Status
The current market status of Neo (NEO) holds the 74th position on CoinGecko right now with its price at $8.80, 24-Hour Trading Volume of $77,175,382, and 24-Hour Price Change of 9.2% down circulating supply being 70,530,000 units with an all-time high price at $198.38 on January 15th 2018 according to CoinGecko data source..
Neo (NEO) Price Prediction 2023
The chart below shows the horizontal channel pattern for NEO/USDT pair which consists of equal highs and lows where buying & selling pressure is equal leading to sideways price action when it hits either resistance or support level respectively which are currently set between the range from $9.42-$10.45 & from 1743-$6.04 respectively according to Tradingview data source..
Neo (NEO) Support and Resistance Levels
The chart above shows the support & resistance levels for NEO/USDT pair where it can reach up to 1045$ – 1743$ resistance levels or fall as low as 604$ depending upon how it reacts when it reaches these points according to Tradingview data source..
In conclusion Neo‘ (NEO)’s current market status holds the 74th position on CoinGecko right now with its current prices standing at 880$. According to predictions based on statistics & other information about Neo; The prices might reach up till 1045$ – 1743$ depending upon various factors such as RSI & RVOL or even fall as low as 604$.