NEO Price Forecast: Will it Begin its Move for a 30% Increase?

• When NEO’s short-term chart is examined, price movements above $7 can be observed in the 2-hour time frame.
• If the 2-hour closings above $7 continue, there is a potential for an increase to the $7.27 level.
• In the event of a possible decline, the support range of $6.907 – $6.87 – $6.84 is identified as an important area.

When NEO’s short-term technical chart is examined, price movements above $7 can be observed in the 2-hour time frame. If NEO can sustain its 2-hour closings above $7, it can potentially rise to the $7.27 level.

Medium-Term NEO Price Analysis

2-Day NEO/USD Price Chart

When NEO’s 2-day technical chart is examined, it can be seen that the price is moving near the $6.81 level. If NEO can sustain its 2-day closings above $6.81, it may intend to move the upward movement to the $7.75 weekly resistance and then the $8.34 2-day resistance level.

However, if NEO makes weekly closings below the $6.82 level, it can extend the downward movement to the $6.28 level. Closings above this level should be an important reference for spot investors.

As long as NEO maintains the $6.82 support, it is possible to observe the $8.92 level as an upward target. However, before all this, surpassing the resistance levels mentioned in the analysis can strengthen the trend even further.

Short-Term NEO Price Analysis

When NEO’s short-term technical chart is examined, it can be seen that price movements above $7 occur in the 2-hour time frame. If NEO can sustain its 2-hour closings above $7, it may have the potential to realize the upward movement towards the $7.27 level again.

However, if NEO makes closings below $7, it can extend the downward movement towards the support range of $6.907 – $6.87 – $6.84. If NEO receives strong buying reactions from this support range, it can carry the upward movement to the $7.54 resistance level indicated as the blue zone.

However, if NEO makes closings below $6.80, the analysis may become invalid. NEO needs to encounter strong buying demand from the blue zone in order to realize the mentioned upward movement.