2024

<ul class="list-ic vertical">
 <li><span>1</span> <a>Neo (NEO) witnessed an upthrust of nearly 8% In Intraday On Thursday.&nbsp;</a></li>
 <li><span>2</span> <a>Neo crypto projects an upward trajectory after breaking out of a two-month correction.&nbsp;</a></li>
</ul>
<p>Neo price is trading on a softer note near the round level of $13. The daily chart shows a pause of the continuous gain in the last couple of sessions. NEO surpassed and sustained above the 50-Day EMA on the daily chart.</p>
<p>The NEO price registered a gain of nearly 12% after breaking above the 50-Day EMA in the last 5 sessions. It signifies that a new bullish wave has started and the crypto may resume its journey upwards.</p>
<p>Yesterday, the crypto noted a price surge of nearly 8%. However, the bulls could not continue with the same momentum today as a pause in the buying pressure was observed on the chart. However, the buyers may make a comeback in the evening session and establish their presence near the highs.</p>
<p>At the time of writing, the crypto trades at $13.04 with a swift intraday loss of 0.25%. The volume to market cap ratio is&nbsp; 14.33% suggesting high volatility in the crypto. As per the data obtained from CoinMarketCap, it has a live market capitalization of $920.98 Million.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img loading="lazy" decoding="async" width="935" height="487" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-270.png" alt="Neo Crypto Keeps Bullish Tone Intact: $20 Possible By Month End?" class="wp-image-193219" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-270.png 935w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-270-300x156.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-270-768x400.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-270-750x391.png 750w" sizes="(max-width: 935px) 100vw, 935px">
 </figure>
</div>
<h2 class="wp-block-heading" id="strong-neo-crypto-trend-analysis-strong"><strong>Neo Crypto Trend Analysis</strong></h2>
<p>The trend outlook shows that NEO crypto has broken out of its correction phase and extended moves on the upper side. The bulls are in the winning position right now and they might continue to dominate the overall trend.</p>
<p>Currently, $15 is the next major hurdle for buyers on the upper side. Once surpassed, the crypto is expected to make its way to the $17 and $20 levels.</p>
<p>The $15 level has been tested multiple times indicating the resistance might have turned weaker and the buyers may easily conquer the level to form a new swing high.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-neo-crypto-technical-outlook-strong"><strong>Neo Crypto Technical Outlook</strong></h2>
<p>NEO rebounded from the 200-Day EMA and surpassed the 50-Day EMA, confirming the positive outlook. The MACD line and signal line are showing a bullish crossover and divergence, suggesting that the price is gaining momentum.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-neo-price-prediction-for-february-2024-strong"><strong>Neo Price Prediction For February 2024</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="472" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-271-1024x472.png" alt="" class="wp-image-193220" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-271-1024x472.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-271-300x138.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-271-768x354.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-271-1536x708.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-271-750x345.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-271-1140x525.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-271.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: <a href="https://in.tradingview.com/" target="_blank" rel="noopener noreferrer nofollow">NEO/USDT </a>by TradingView
  </figcaption>
 </figure>
</div>
<p>If the bullish momentum continues, the crypto may achieve a high of $15 by the month end, suggesting an upside potential of 14.10% from the current market price. However, the bearish view of analysts expects the price to sink below the 50-Day EMA after which the downside level of $10 may be targeted by the month-end.</p>
<h3 class="wp-block-heading" id="strong-neo-price-prediction-for-2024-strong"><strong>Neo Price Prediction for 2024</strong></h3>
<p>The price forecast for 2024 shows that the Neo crypto may advance to a high of $23.54 by the end of 2024. The less <a href="https://www.thecoinrepublic.com/2024/01/02/optimistic-2024-for-crypto-hedge-funds-showing-recovery/" target="_blank" rel="noopener noreferrer nofollow">optimistic</a> analysts estimate a price target of $18.24 by the end of the year.</p>
<h3 class="wp-block-heading" id="strong-neo-price-prediction-for-2025-strong"><strong>Neo Price Prediction for 2025</strong></h3>
<p>As per the most positive view of our analysts, the Neo cryptocurrency may claim a high of $35 level, suggesting an upside potential of 177.27% by 2025. The pessimistic view is that the price could reach $25.45 by the end of the financial year 2025.</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Neo Crypto Keeps Bullish Tone Intact: $20 Possible By Month End?

Table of Contents

Thecoinrepublic.com

Other articles published on Feb 16, 2024

XRP Price Surge Leads to Major Transaction of $112 Million

Over $1.6 billion in Bitcoin and Ethereum options contracts nearing expiry

Spot Bitcoin ETFs Become a Major Price Catalyst for Bulls

Bitcoin Price Prediction: Is a Correction on the Cards

Enhanced Online Protection: A Comprehensive Guide to Two-Factor Authentication

World Bank Labels XRP a Cross-Border Stablecoin: Ignites Ripple Community Debate on Future Moves

Join our free newsletter for daily crypto updates!