NEO Coin Targets Ambitious Growth: Aiming for $25 in the Long-Term Analysis

  • NEO Coin is on an upward trajectory from the $12.81-$13.95 support zone, eyeing $18.30 and $25 milestones.
  • Breaking above the $15.18 resistance could lead to a next target of $17.12 in the short term.
  • “NEO’s rise from $14 signals a continuing upward trend, supported by a positive monthly candlestick.”

This article delves into NEO Coin’s long-term prospects, spotlighting the technical analysis and potential price targets that make it a cryptocurrency to watch.

Mid-Term NEO Analysis

NEOUSDT 3D Chart on Binance
NEOUSDT 3D Chart on Binance

Based on the 3-day candlestick chart, NEO continues to garner strong support from the $12.81-$13.95 range. As long as it remains above this zone, the mid-term targets are set at $18.30 and $25. Investors are advised to consider spot investments with a stop on weekly candle closures below $12.80. March saw NEO initiating a rise from $14 to as high as $18.3, with the current trading at $14.57 on March 14 and a green monthly candle indicating sustained upward momentum.

Technical Insights

NEO’s movement upwards from the $12.81-$13.95 support zone is crucial for its mid-term outlook. Key resistance levels at $18.30 and $25 are in sight, while a weekly closure below $12.80 could signify a trend reversal. The technical analysis underscores the significance of these support and resistance levels in NEO’s price trajectory.

Short-Term NEO Price Analysis

NEOUSDT 2H Chart on Binance
NEOUSDT 2H Chart on Binance

In the short term, NEO’s price action near the descending trend line on the 2-hour chart is pivotal. A closure above the blue resistance line, followed by 2-hour candle closures above $15.18, would set $17.12 as the next target. Conversely, failing to break above $15.18 could lead NEO towards the support zone of $13.91-$13.59. Investors eyeing long positions should wait for a breach above $15.18 or a dip to the mentioned support before entering trades, with potential consideration for spot and futures trades if the price reaches the $13.91-$13.59 range, setting stops below $12.82.

Conclusion

NEO Coin’s promising trajectory, highlighted by strong support zones and potential resistance breakthroughs, positions it as a compelling option for investors looking for long-term growth. The detailed analysis underscores the importance of strategic entry points and the potential for NEO to reach its ambitious targets of $18.30 and $25, backed by technical momentum and market sentiment.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.
spot_imgspot_imgspot_imgspot_img

Latest News

Bitcoin Price Surge Predicted: Analyst Sees BTC Hitting $650,000 Fueled by ETFs

Get the latest insights on Bitcoin's potential trajectory – could the dominant cryptocurrency surpass gold's market cap and reach new heights?

Bitcoin Halving to Spark Supply Shock, Says Samson Mow – Omega Time Ahead?

Influential Bitcoin advocate Samson Mow offers a bullish outlook on Bitcoin's future, citing the upcoming halving and growing ETF inflows as key drivers. Here's why he believes the current market turbulence could lead to a surge in BTC price.

Bitcoin Price Plunge Continues: Analysts Predict Further Drops to $59K

Bitcoin's rollercoaster ride continues, with experts weighing in on where the bottom might lie. Get the latest price analysis, predictions, and insights into what these movements could mean for your crypto portfolio.

Bitcoin and Altcoins Face Correction Risk as Rate Cut Expectations Decline

Discover why Bitcoin and other cryptocurrencies may be on shaky ground, as economic indicators point to a potential market correction. Get expert insights on shifting market dynamics and what it could mean for crypto investors.

Bitcoin Price Outlook Dims as Crypto Stocks Slump, Peter Schiff Raises Doubts

Get the latest insights on the bearish trend in crypto markets, Peter Schiff's skepticism, and the impact on Bitcoin's price potential.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Will WLD See $11 Again? Current WLD Analysis

WLD coin's daily technical analysis provides direction for long-term traders by indicating support and resistance levels.

Where Will NEO’s Rally Continue? Updated NEO Analysis 15 April

NEO gained strength from the support levels determined in the previous analysis and rose to its current price of $22.66, targeting $25.

Is DYDX Ready to Start a New Rally? Latest DYDX Analysis 15 April

Following its recent fall, DYDX rebounded strongly to $2.28, and it is indicated that if it can sustain 3-day candle closes above this resistance level, the upward trend may continue.

Is Solana in a Long-Term Buy Zone? Current SOL Analysis 15 April

Following its recent decline to $118, Solana surged back to $145 with robust purchases; for long-term investors, the $132.40 to $121.36 range is seen as potential buying areas.

Will ARB Start Its Ascent? Latest ARB Analysis 15 April!

According to the analysis of ARB coin, staying above $0.98 could set it on a path to reach $1.90.
Lucien Renard
Lucien Renardhttps://en.coinotag.com/
Lucien Renard is a 24-year-old writer specializing in cryptocurrency analysis and price action. With a focus on technical analysis, Lucien provides valuable insights into market trends and potential opportunities for investors.
spot_imgspot_imgspot_imgspot_img

Will WLD See $11 Again? Current WLD Analysis

WLD coin's daily technical analysis provides direction for long-term traders by indicating support and resistance levels.

Where Will NEO’s Rally Continue? Updated NEO Analysis 15 April

NEO gained strength from the support levels determined in the previous analysis and rose to its current price of $22.66, targeting $25.

Is DYDX Ready to Start a New Rally? Latest DYDX Analysis 15 April

Following its recent fall, DYDX rebounded strongly to $2.28, and it is indicated that if it can sustain 3-day candle closes above this resistance level, the upward trend may continue.