According to coinmarketcap, the total supply of NEO is around 100M NEO and around 70M of the NEO are in circulation at the moment. It holds the 66th rank according to market cap and has a market dominance of about 0.09%.
At the time of writing, NEO is being traded at the price of $27.94 with a decrease of almost 6.65% in the last 24 hours. The maximum and minimum today are $30.02 and $27.34 respectively. The daily trading volume has also decreased by almost 2.28%. NEO had created its ATH in January 2018 and reached a price of almost $198.20. The price later dropped down to a price of almost $3.89 during the month of March in 2020. Since then the price has shown reversal and has been on the same trajectory since then. The price did show strength in the beginning and touched $141 in May 2021 but once again, the price is nearly at the bottom. We have seen a decrease of almost 25.47% this month.
Technical Analysis
It can be seen on the daily time frame that at one time, NEO was printing higher highs. A point came when even though, the price broke the structure upwards, but it dropped down once again, signaling a fake-out. The price was still bullish as long as it didn’t break the structure downwards but it eventually went down, signaling a shift in structure.
Now the price dropped down really hard from the BOS point, this resulted in the creation of an order block. This zone is unmitigated right now. The coin at the time is falling down.
A few days back, the price dropped down really hard and an unmitigated zone has been created. This can drive the price downwards to that level. From there we can look for a reversal and back to the order block above. At that point, we would have to look for the lower time frame for confirmations to look for a possible long or a short.
Price Prediction – Neo
According to the traders, NEO is a good investment and is providing a great return. Wallet investor considers NEO to be a really good investment as well. According to them, in a year the price is expected to reach a value of $58.649. In five years the price is expected to reach a value of $182.703.
