BTC$60 506.94


ETH$3 323.07




Binance Coin






Neo Explodes to the Upside After Successful Break

September 2020

Neo (NEO) is one of those altcoins that have dealt reasonably well with the recent price dump since it has already made a bullish reversal, which is seen clearly on the price chart below.

3-month NEO/USDT chart

We saw that after a prolonged but not particularly sharp upswing that brought the price above $20, NEO survived the immense bearish pressure from the past ten days and appears to be in the midst of another upswing that promises the emergence of a new higher high in the next several days.

Investors and position traders should be satisfied with NEO’s performance throughout the past year as the 19th coin has put up triple-digit gains against USD and BTC, as well as obtained a slight edge over Ethereum.

NEO performance profile

Therefore, it is safe to say that Neo has been steadily developing a minor uptrend ever since the notorious coronavirus crash in March that is now entering a new phase as the price had broken out of the triangle pattern to the upside and established a higher high at $22.9.   

The September dump can’t stop NEO

Given how badly the overwhelming majority of cryptocurrencies reacted to the recent sell-off, it’s quite fascinating to see a show of great resilience coming from the coin that has little to do with the hot niche of decentralized finance. The weekly chart demonstrates that the buyers are eager to protect NEO’s uptrend since they managed to keep the support level at $16 intact, and also bought the recent dip so eagerly that we now see the engulfing bullish candle

1-week NEO/USDT chart

developing on the weekly chart, and it is highly likely to go above $21 - higher than the closing price from the past two weeks, which can be regarded as a bullish signal because the history of price action reveals that Neo often initiates a bull rally with a corresponding engulfing candle.

MACD points at the ongoing bullish momentum that is yet to reach the peak of the overbought area where the oscillator should get rejected, which would entail a more significant correction.

Here we expect NEO to hit the price target at $24 in the next two weeks that would require another 13% price appreciation, a task that is more than feasible for such a bullishly-charged coin. 

The situation on the daily chart further confirms NEO’s dedication to the buying side of the market as it has arguably the most bullish-looking chart among its peers and higher-ranked cryptocurrencies.

1-day NEO/USDT chart

The reason for that being that the bulls managed not only to protect the overall uptrend structure but also to keep the price above both 50 and 200 EMA, thus reassuring those that monitor this market that NEO intends to push further south. That is the feature not seen among other coins that are still at the crossroads, even though the crypto market has been flashing green for the last couple of days

MACD is virtually an inch away from the bullish crossover that will add even more puff to the emerging bull rally, the initial stage of which is close to being finalized with the three white soldiers pattern that usually precedes an even stronger upside impulse. The price target here is also set at $24, although it might be better to employ the trailing stop-loss tactics in this situation.

Author: Alex Paulson for


Neo: The Bullish Flag Awaits Resolution
Neo: The Bullish Flag Awaits Resolution
Neo Bullish On All Fronts This Summer
Neo Bullish On All Fronts This Summer
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 in January
NEO: The misleading rally in January
NEO Price Forecast for November 2019
NEO Price Forecast for November 2019
NEO moves to new blockchain - NEO 3.0
NEO moves to new blockchain - NEO 3.0

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 62.4% 76 $60 506.94 6.81% 17.78% $1 188 373 024 325 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 60% 80 $3 323.07 2.33% 13.59% $399 270 630 707 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92% 1 $1.000437 0.01% 0.05% $98 433 906 633 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 68.8% 69 $409.88 3.60% 9.61% $61 293 901 306 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 78.4% 41 $116.31 6.82% 11.46% $51 478 731 317 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 81.6% 29 $0.572365 -1.88% 4.85% $31 247 828 742 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 93.2% 1 $0.999818 0% -0.02% $28 723 757 433 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 66% 66 $0.626473 0.27% 5.94% $22 225 630 080 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 82% 27 $0.114147 16.76% 35.93% $16 353 064 712 DOGE 7 days price change
10 Avalanche (AVAX) AVAX Avalanche predictions 74% 50 $40.12 2.28% 7.90% $15 132 487 988 AVAX 7 days price change
11 TRON (TRX) TRX TRON predictions 71.2% 63 $0.141938 -0.62% 1.77% $12 488 460 496 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 72% 61 $0.141829 -0.60% 2.04% $12 478 895 075 WTRX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 76% 44 $19.16 0.36% 4.34% $11 251 240 626 LINK 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 74% 48 $8.23 -1.13% 10.85% $10 565 653 529 DOT 7 days price change
15 Lido stETH (STETH) STETH Lido stETH predictions 93.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2024

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.