Neo(NEO) Price Prediction: NEO Price Aims High But Primed To Hit a Low Soon!

Key Takeaways:

• The NEO price closed the previous day’s trade at $20.68 with a market capitalization of $1.43B and a circulating supply of 70,538,831 NEO
• The asset is hovering along with the support levels for the past couple of days and awaiting an opportunity to ignite a quick bounce
• If in case the price loses its grip and slips below, a steep drop of more than 20% may drag the price below $15

Neo Price Analysis: How High Will NEO Crypto Price Go in March 2022?

NEO price had a bullish start for the month gaining more than 20% in just a couple of days. Further after a brief consolidation, the price plunged hard, dropping to its initial levels. However, the asset is attempting very hard to gain the lost positions, but the bear’s jump restricts the price below. 

The price is currently capitulated by the bears and hence the downtrend is expected to continue. Levels around $20 may be defended but eventually, a slight pullback followed by a quick rebound is imminent. Yet, the volume has depleted compared to February and hence no drastic change may be expected until the volume intensifies. 

Neo Price Prediction: Will NEO Price Hit $100 in 2022?

After a strong bearish start of the year 2022, NEO prices attempted to maintain a consolidated trend. Continuing the similar trend, NEO’s price may end the quarter on a consolidated note at around $25.The upcoming quarter also may witness a similar trend intending a notable recovery. 

The second half of 2022 is expected to be more flourishing where-in the price may gear up with significant bullish momentum. Therefore, the NEO price may range up to test the crucial support at $48 which may decide the next plan of action. With a successful breach, the price may range high to test the next target, yet $100 could remain pretty distinct. 

Additional Read: What is NEO Coin?

Neo Price Analysis: NEO Price Table (Last 07 Days) 

Neo Price Prediction: NEO Price Trend Comparison with ETH  (Last 30 Days)

Source: Tradingview

NEO is often referred to as the Chinese version of Ethereum but is very far ahead in terms of consensus mechanism. Therefore, the NEO rally showcased immense strength since the beginning of February compared to that of Ethereum. The continued pace trend may even keep up the bullish momentum for the asset.  

At the press time, the Ethereum price is below the average levels by 2.52% whereas the NEO price is above the levels by 1.34%. Maintaining the same intensity,  Neo may maintain a significant upper hand in the upcoming days.

Additional Read: Top Crypto News Today, 11 March 2022.

Correlation of NEO/USDT and NEO/BTC (Last 30 Days)

Source: Tradingview

The Neo price in USDT maintained a notable uptrend since the beginning of February which included steep surges and plunges. The BTC pair also traded with equal volatility but maintained constant levels compared to that of USDT. Since the beginning of March, BTC maintained a stagnant trend while USDT soared high and also plunged drastically.

Currently, the USDT pair is above the average levels by 1.44% and the BTC pair is up by only 0.38%. But interestingly, the USDT pair is heading towards the south whereas the BTC pair is surging high displaying significant strength comparatively. 

Neo Price Prediction 2022: Latest NEO coin News in February-March 2022

NEO Rolls out Polaris Launchpad Hackathon

Neo platform rolled out a hackathon where-in developers are called in to participate and the winners would be rewarded with a $500,000 price pool and further funding options. 

Source: Twitter

BSN, China Adopted NEO Blockchain

BSN recently announced the integration of the NEO blockchain among the ten chains that form the Chinese mainnet. 

Source: Twitter

Where & How to Buy Neo NEO coin

Buying or selling or trading or investing is extremely simple on CoinDCX. Along with wide options of cryptos to deal with, we offer multiple benefits, lucrative in-App features, and many more at affordable rates. To begin your journey, all you need to do is register. To do so, just follow the below-mentioned steps, 

• Download the CoinDCX App on your smartphone
• Enter the required details 
• On verification, fund your wallet and buy your favorite crypto

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