NEO’s price has fallen sharply in tandem with the crypto market, reaching a low of $16.37. At the moment, we’re trading at roughly $22.32. However, how can the Neo price remain stable in the foreseeable future? What is required for the price to skyrocket this week? Let’s take a look at everything in this NEO price forecast.
Neo Price holds important support!
In the past, the price of Neo has frequently encountered resistance around $21. The price momentarily dipped below $21 after the previous crypto meltdown ended, but it has now regained this support. This support is crucial because it was previously breached when the bull market began. Because this remains a strong support, the price may increase a little further in the near future. In this circumstance, a price increase of more than 200 percent is not improbable.
How far will NEO rise?
Because we are now holding the $21 support, Neo could rally higher in the near future. We expect the price to rise to $30 in the future. This is the bare minimum. In our opinion, the chances of achieving the $30 resistance are 90%. The next price targets are about $48 and $66.
Both are horizontal resistances that we can work our way around. We are confident that the price will meet those objectives. The GoldenPocket of the down motion is the ultimate aim. This cost is in the neighbourhood of $100. We could bounce there and extend the present downturn because there is also a psychological level there. Again, the minimum aim would be $21.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.
