BTC$61 056.35


ETH$4 009.46


Binance Coin








Neo Bullish On All Fronts

There has been a resurgence of altcoins since the beginning of May as Bitcoin dominance has once again begun slipping and going from 69% to the current 65.8%. NEO belongs to the cohort of cryptocurrencies that have had an excellent month as it outperformed the leaders by 28% (USD), 21.8% (BTC), and 9.5% (ETH). The past week has also been fruitful for Neo as it fattened up by almost double digits against that trio.

NEO/BTC/ETH comparative chart

Although on the yearly time frame, NEO is still 1,7% short of making up for the losses in USD, sustained in 2019, its overall price behavior suggests that the bulls are laying the groundwork for a considerable rally that has the potential to reverse the lingering secondary downtrend.

The resolution of the ascending triangle speaks of bullish intentions

The daily chart below shows that Neo dealt really well with the consequences of the so-called coronavirus crash by not being reluctant to begin a gradual recovery to the previous price levels. Those who have determined the rising channel the same way as depicted on the chart should have made a decent profit as there have been a few decent price swings on NEO’s way to recovery. Now, the price has approached the area of multiple resistance levels that could complicate its way to the upside.

1-day NEO/USDT chart

The first such obstacle came at the interim resistance (marked purple), that the price has successfully penetrated and is now going through the retest of the area at $11.8 as a part of the resolution of the bullish flag pattern. In doing so, the price has also resolved another pattern - the ascending triangle - to the upside. Although the ascending triangle is generally considered as a continuation pattern, in some cases, like here in the Neo market, it could also undertake the role of the reversal one. In any case, it puts Neo in the bullish context that is further amplified by the newly emerged golden cross that has proven itself as a reliable pattern in this particular market - last time it occurred, on February 1, the coin went on a 50% rally.

Right now, it appears that the bears are determined to defend the area above $11.7 as they are trying to force the price below the interim resistance. But the presence of the golden cross, as well as the fact that crucial oscillators (MACD and RSI) are bullish: MACD is above zero but displays the intention to cross to the downside; at the same time, RSI stays close to the overbought area but refrains from entering it. We predict that the bears will put a temporary hold on NEO’s upward movement but won’t be able to stop it altogether, so the price will continue aiming for the macro resistance level at $14.8.

Pushing up actively against Bitcoin

NEO has been performing strongly against Bitcoin since the beginning of May. It went above critical moving averages (50 EMA and 200 EMA) in two large swings, and is now preparing for a new one once the retracement is concluded.

1-day NEO/BTC chart

But most importantly, the path towards 141,500 satoshis is now wide open for NEO because there are literally no resistance levels strong enough to counter that move.

Author: Alex Paulson for


Neo: The Bullish Flag Awaits Resolution
Neo: The Bullish Flag Awaits Resolution
Neo Explodes to the Upside After Successful Break
Neo Explodes to the Upside After Successful Break
NEO Is a Step Away From the Explosive Zone
NEO Is a Step Away From the Explosive Zone
NEO Has Its Target Set on 50 EMA
NEO Has Its Target Set on 50 EMA
NEO: Cup & Handle Turned Bearish Spike Pattern
NEO: Cup & Handle Turned Bearish Spike Pattern
NEO: The misleading rally
NEO: The misleading rally
NEO Price Forecast
NEO Price Forecast
NEO moves to new blockchain
NEO moves to new blockchain

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 64% 76 $61 056.35 -2.51% -0.46% $1 150 999 990 859 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 69.6% 57 $4 009.46 -2.36% 4.61% $473 265 084 978 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 70.8% 60 $479.92 0.88% 1.61% $80 051 754 192 BNB 7 days price change
4 Cardano (ADA) ADA Cardano predictions 91.6% 12 $2.15 -0.21% -2.98% $70 885 007 936 ADA 7 days price change
5 Tether (USDT) USDT Tether predictions 93.2% 1 $1.000508 0.02% 0.14% $69 609 442 841 USDT 7 days price change
6 Solana (SOL) SOL Solana predictions 70.4% 55 $196.64 -2.45% 24.12% $59 155 416 829 SOL 7 days price change
7 XRP (XRP) XRP XRP predictions 72% 51 $1.090791 -0.88% -4.02% $51 208 670 805 XRP 7 days price change
8 Polkadot (DOT) DOT Polkadot predictions 63.2% 79 $44.15 1.47% 0.67% $43 605 026 730 DOT 7 days price change
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11 Terra (LUNA) LUNA Terra predictions 70% 65 $43.34 4.27% 17.21% $17 406 378 575 LUNA 7 days price change
12 UniSwap (UNI) UNI UniSwap predictions 74.4% 47 $25.67 -2.97% -0.53% $15 701 933 926 UNI 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 68.8% 65 $66.95 5.30% 19.42% $14 748 224 656 AVAX 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 66% 75 $61 042.43 -2.67% -0.50% $13 496 055 788 WBTC 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 72.8% 57 $193.17 -2.73% 1.45% $13 291 715 544 LTC 7 days price change

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