BTC$60 384.12


ETH$3 295.72




Binance Coin






NEO Is a Step Away From the Explosive Zone

May 2020

There is a number of cryptocurrencies that have already made it past the point of total recovery after the flash-crash in the middle of March, but we, along with many other crypto experts, concur that such rapid growth is largely unsubstantiated and based on a pure agiotage around the approaching Bitcoin halving.

Therefore, we expect that after May 13, the coins that are now driving up like the F1 racing car will fall off the cliff, while those that are moving steadily, like NEO, will maintain the balance and will likely to experience only a mild correction after the halving-instigated frenzy has passed, although NEO will have its booming phase soon.

One more barrier before a sharp price increase

Before getting down to the price analysis, allow us to note that fundamentally NEO is one of the wholesome altcoins from the top 50 as it is rated A in the global health ranking table, with the overall score of 795, which has been increasing rapidly since April. In addition, it has a favorable future outlook with the stability score of BB. Despite the fact that price-wise, NEO is not very far from the lowest low, recorded at $0.07 in October 2016, the coin still retains the all-time ROI of nearly 5000% - the fact that proves its durability in the face major disasters, like the one that happened several weeks ago.

NEO’s price action from the past month

The last month, however, was quite fruitful for NEO as it enjoyed the value appreciation of 37.6%, with 11.2% of it occurring during last week, which showcases the rhythmicality of its recovery, also captured in the ascending channel, depicted on the daily chart below.

1-day NEO/USD chart

While the overwhelming majority of cryptocurrencies usually behave erratically near the important zones, NEO has been moving through those on its path slowly yet adamantly, taking its time to test the levels and then penetrate through.

That is exactly what happened in the proximity to the first post-crash resistance level at $6.9, although the price had been somewhat reluctant to go past $8.6, though it could be explained by the convergence with the 0.382 retracement level on Fibonacci. But ultimately, the coin has achieved this objective with the support of the elevating bullish volume and the overall boost across the entire market.

In doing so, NEO has begun to interact with the 200-period exponential moving average, which now serves as a final obstacle on the way towards $13.

The reason why we believe that NEO will experience an upsurge once it gets past the 200 EMA constitutes in the absence of any major resistance levels in the area between $10 and $12,4, with the exception of the 0.618 level on Fibonacci. Leaving the 200 EMA won’t be that easy, because it also converges with 0.5 on Fib, but, nevertheless, feasible. According to MACD, the bulls have already seized the initiative since both its lines are already above zero, though they need to draw further apart to confirm that the buyers are in the driving seat. The 14-period RSI has also been very bullish lately while remaining below 70, so NEO is not overbought yet.

To summarize, traders must wait patiently for NEO to climb above the 200 EMA and go past the traders’ remorse. The completion of that move will serve as a strong buy signal.

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 Bullish On All Fronts This Summer
Neo Bullish On All Fronts This Summer
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 64.4% 76 $60 384.12 6.38% 18.63% $1 185 960 787 695 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 63.2% 80 $3 295.72 1.41% 13.49% $395 984 026 758 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $1.000240 0.02% 0.02% $98 414 590 502 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 69.2% 69 $408.69 3.27% 9.83% $61 116 210 428 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 77.6% 41 $112.59 3.70% 10.88% $49 831 367 864 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 82% 29 $0.569519 -1.93% 5.06% $31 092 471 194 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 94.4% 1 $0.999787 -0.02% -0.02% $28 722 846 845 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 66.4% 66 $0.621687 -0.38% 6.62% $22 055 867 056 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 83.6% 27 $0.114561 16.71% 37.86% $16 412 473 885 DOGE 7 days price change
10 Avalanche (AVAX) AVAX Avalanche predictions 76.4% 50 $38.98 -0.39% 6.18% $14 702 846 695 AVAX 7 days price change
11 TRON (TRX) TRX TRON predictions 71.6% 63 $0.142029 -0.23% 2.10% $12 496 527 666 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 70.4% 61 $0.141811 -0.07% 2.00% $12 477 278 485 WTRX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 78.4% 44 $19.02 -0.41% 4.52% $11 166 703 030 LINK 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 76.8% 48 $8.19 -1.64% 11.95% $10 519 188 402 DOT 7 days price change
15 Lido stETH (STETH) STETH Lido stETH predictions 92.8% 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.