Key takeaways
- NEO price prediction suggests that the coin’s price is expected to increase 40.7% by the end of 2024, resulting in a price of $15.96.
- By 2027, NEO will achieve a peak price of $49.12 with an average price of $44.55.
- In 2030, the target price for NEO is between $133.08 and $166.38, with an average price of $137.97.
Erik Zhang, one of the co-founders, is the inventor of the ‘Delegated Byzantine Fault Tolerance’ consensus mechanism, making NEO the first crypto to use this algorithm. Neo is a blockchain platform for developing decentralized applications (DApps) and other digital assets. Neo was launched as Antshare in 2014 but was rebranded to Neo in 2017. The platform supports smart contracts and can be integrated with digital assets and identities. Neo’s native cryptocurrency is called NEO and is used for staking and governance.
NEO reached a peak price of $196 in 2018 but is currently hovering around $11, raising questions about its potential as a good investment. Will NEO reach $100? How high will NEO go?
Let’s review the technical analysis and NEO price prediction for 2024-2030.
Overview
| Cryptocurrency | Neo |
| Token | NEO |
| Price | $11.37 |
| Market Cap | $803,414,214 |
| Trading Volume | $27,270,021 |
| Circulating Supply | 70,538,831 NEO |
| All-time High | $195.95 Jan 15, 2018 |
| All-time Low | $ 0.072287 Oct 21, 2016 |
| 24-hour High | $11.67 |
| 24-hour Low | $11.17 |
Neo price prediction: Technical analysis
| Metric | Value |
| Volatility | 7.19% |
| 50-Day SMA | 12.17 |
| 200-Day SMA | 14.22 |
| Sentiment | Bearish |
| Fear & Greed | 60 (Greed) |
| Green Days | 11/30 (37%) |
Neo price analysis: Cryptocurrency devalues to $11.37 as bears takeover
TL;DR Breakdown
- NEO price analysis confirms a downtrend.
- The coin value has dropped to $11.37.
- Strong support is provided at the $8.94 end.
The July 19, 2024, analysis predicts signs of a growing bearish trend. Although the past week proved to support the buyers, currently, the bears are leading. The selling pressure rose for the past two days. In the past 24 hours, the coin value had fallen below $11.37, considering the rising bearish momentum. The coming days might bring further losses if the bears gain further strength.
NEO/USD price analysis 1-day chart: Downturn results in a loss below the $11.37 boundary
The bears are on the leading end as per the daily price analysis for NEO/USD. The past week brought substantial recovery for the buyers due to the continuous upside. The cryptocurrency value has depreciated to $11.37 in the past 24 hours. Side by side, the moving average (MA) indicator confirms a decline in its overall value. The indicator shows its value at $10.90, considering the major downswing in the earlier weeks.
The volatility is increasing, which is a bearish signal for the future. The upper end of the Bollinger bands indicator has shifted to $12.22, considering the recent shift in volatility. The lower end of the Bollinger bands indicator has switched to $8.94, confirming stable support availability. The Relative Strength Index (RSI) indicator confirms the latest changes in price movements. Its value has descended to 53.67 because of the downturn during the day.
Neo price analysis 4-hour chart: Cryptocurrency recovers to $11.37 after upside
The hourly price prediction for the cryptocurrency is bullish. The coin value has spiked to $11.37 because of the bullish turn in the past few hours. Moreover, the moving average indicator shows a bearish curve as well. Its value has dropped to $11.49 because of the downside since yesterday.
The upper boundary of the Bollinger bands indicator has moved to $11.97, thus confirming a high resistance point. The lower boundary of the Bollinger bands indicator is currently at $11.02, indicating stable support. The RSI graph displays a sharp bullish curve on the four-hour price chart. Its value has improved to index 51.88 during the past few hours.
NEO technical indicators: Levels and action
Daily simple moving average
| Period | Value ($) | Action |
| SMA 3 | 11.48 | SELL |
| SMA 5 | 11.13 | BUY |
| SMA 10 | 10.57 | BUY |
| SMA 21 | 10.82 | BUY |
| SMA 50 | 12.17 | SELL |
| SMA 100 | 14.58 | SELL |
| SMA 200 | 14.22 | SELL |
Daily exponential moving average
| Period | Value | Action |
| EMA 3 | 10.81 | BUY |
| EMA 5 | 10.96 | BUY |
| EMA 10 | 11.25 | BUY |
| EMA 21 | 11.95 | SELL |
| EMA 50 | 13.37 | SELL |
| EMA 100 | 14.22 | SELL |
| EMA 200 | 13.87 | SELL |
What to expect from NEO price analysis
NEO/USD analysis confirms a declining trend for the cryptocurrency. The bears are dominating, considering the downturn during the past 24 hours. The cryptocurrency has fallen to $11.37 because of the growing bearish pressure. On the other hand, the four-hour price analysis confirms a relatively bullish prediction regarding the ongoing market events.
Is NEO a Good Investment?
NEO enables a smart economy through its unique consensus mechanism and advanced blockchain technology. Although it stands out in the competitive industry, external variables like market conditions and regulations (especially in China) can affect it greatly. Because of this dynamic regulatory landscape, investing in NEO is intricate; investors must carefully assess its current market position, technological innovations, and relevant legal framework before investing. However, the token will reach $24.67 by the end of 2025.
Why is NEO down?
NEO has dropped recently due to several key factors. Negative market sentiment and decreased investor confidence have driven selling activity, pushing NEO prices lower during the past week. Favorable technical indicators, such as bearish signals from moving averages and an unstable RSI score above 50, have contributed to the downward momentum.
Will NEO reach $25?
Yes, NEO is expected to reach $25 and exceed it. By December 2025, the average price prediction is $20.49; for 2026, the maximum price prediction is $24.67. By 2026, CHZ is forecasted to have a maximum price of $33.77, further supporting a potential rise above $25.
Will NEO reach $50?
Yes, NEO has the potential to reach $50 and beyond. According to the long-term predictions, by 2027, NEO is expected to reach a maximum price of $49.12. By 2028, the NEO price prediction suggests a peak value of $75.62. By 2020, the forecast indicates a potential minimum price of $94.44, indicating strong growth potential.
Will NEO reach $100?
Yes, NEO is projected to reach $100. By 2029, the highest price prediction is $110.72, suggesting that NEO has the potential to achieve this milestone.
Does NEO have a good long-term future?
Yes, based on the price predictions for 2025 to 2030, NEO shows a positive long-term outlook. The predictions indicate steady growth, with maximum prices increasing gradually each year. This suggests that NEO is positioned well for long-term growth and could be a promising investment option, as the token is expected to grow fifteen-fold in the next five years, reaching a maximum value of $166 by the end of 2030.
Recent News/Opinions on NEO
- To serve as the TestNet network for extended support, the Neo X TestNet has been upgraded to the Neo X Gamma edition. Within two weeks, the former Beta TestNet will be decommissioned, and developers are urged to move their work as quickly as possible to the Gamma version.
- NEO announced that TrendX is now part of the Neo X ecosystem. Neo X users can now access TendX’s AI analysis and trend-tracking technology to help their trading practices.
NEO Price Prediction July 2024
Based on technical analysis and NEO price projection for the year 2024, investors should anticipate a potential maximum value of $13.84 and an average value of $11.91 for the cryptocurrency. Furthermore, the forecast indicates that the token’s market price is expected to remain above a minimum threshold of $8.94.
| NEO price prediction | Minimum price | Average price | Maximum price |
| NEO price prediction July 2024 | $8.94 | $11.91 | $13.84 |
NEO Price Prediction 2024
NEO price prediction for the year 2024, investors should anticipate a potential maximum value of $15.96 and an average value of $14.81 for the cryptocurrency. The forecast indicates that the token’s market price is expected to remain above a minimum threshold of $14.33.
| NEO price prediction | Minimum price | Average price | Maximum price |
| NEO price prediction 2024 | $14.33 | $14.81 | $15.96 |
Neo Price Predictions 2025 – 2030
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| 2025 | 19.75 | 20.49 | 24.67 |
| 2026 | 28.67 | 29.49 | 33.77 |
| 2027 | 43.08 | 44.55 | 49.12 |
| 2028 | 64.42 | 66.64 | 75.62 |
| 2029 | 94.44 | 97.77 | 110.72 |
| 2030 | 133.08 | 137.97 | 166.38 |
NEO price prediction 2025
In NEO price forecast for 2025, a dominant bullish sentiment is anticipated to persist in the NEO market. This is projected to drive the token’s value to attain a maximum price of $24.67. Furthermore, the projected average price is set at $20.49, while the predicted minimum price is expected to stay around $19.75.
NEO price prediction 2026
As per NEO price forecast for 2026, the market is poised to witness NEO’s value surging to a peak of $33.77. Meanwhile, the projected range indicates a minimum value of $28.67, with the average price projected to settle at $29.49.
NEO price prediction 2027
Looking ahead to 2027, NEO price projection suggests an exciting possibility of the token reaching a peak market price of $49.12. In terms of the average market price, our forecast indicates a figure of $44.55. On the more conservative side, the projected minimum price for NEO is expected to be around $43.08.
NEO price prediction 2028
According to NEO prediction for 2028, there’s a possibility that NEO could reach a maximum price of $75.62. Additionally, our forecast indicates an average trading price of $66.64, and a minimum price of $64.42.
NEO price prediction 2029
NEO price prediction for 2029 projects a maximum price of $110.72, a minimum price of $94.44, and an average price of $97.77.
NEO price prediction 2030
NEO price prediction for 2030 indicates that the NEO cryptocurrency could reach a maximum trading price of $166.38. Additionally, the projected average price is anticipated to be around $137.97, while the expected minimum price is likely to hover around $133.08.
NEO market price prediction: Analysts’ NEO price forecast
| Firm Name | 2024 | 2025 |
| DigitalCoinPrice | $25.01 | $29.49 |
| Coincodex | $ 10.27 | $ 30.26 |
Cryptopolitan’s NEO price prediction
Our forecast shows that NEO will achieve a high price of $47.79 near the end of 2024. In 2025, the NEO price will range between $60.93 and $72.50. In 2030, the cryptocurrency will range between $407.52 and $474.60, with an average price of $421.61. It is important to consider that the predictions can change at any time and are not investment advice. Professional consultation is suggested, or you can carry out your own research.
Neo historic price sentiment
- From 2017 to 2018, NEO, formerly known as AntShares, emerged as a significant player in the crypto market, peaking at $198.38.
- In January 2018 after a rebranding and a series of bull runs. However, by the end of 2018, its price had plummeted to around $7 amid a broad market correction.
- Between 2019 and 2020, NEO’s price saw minor fluctuations, primarily hovering between $7 and $25, reflecting a period of relative stability within the volatile cryptocurrency market.
- The years 2021 and 2022 were characterized by volatility and market downturns, with NEO reaching over $100.
- In early 2021 before falling to a range of $6 to $10 by the end of 2022 due to bearish sentiment and regulatory pressures.
- In 2023, NEO exhibited signs of stabilization, briefly touching $14 in April, but soon fell to a price range of $7-10$ and closed the year at $13.51.
- In the first quarter of 2024, NEO touched $18 for the first time since April 2022, and later it peakes at $22 in April.
- The NEO token then consolidated in $15 for two weeks which resulted in a downward breakout and the coin continued slipping down again at the end of May.
- NEO continued downward trajectory during the entire month of June and continued the same trend continued till July 7, 2024, as the price decreased to $9.25, however, the coin has recovered to some degree and is trading at $11 range on July 19.
