• Neo (NEO) is a governance token of Neo, a blockchain ecosystem intended to be used in the development of a smart economy.
• Neo (NEO) holds the 74th position on CoinGecko right now.
• The bullish Neo price prediction for 2023 is $7.86 to $12.76 and bearish prediction is $5.97.

What is Neo (NEO)?

Neo (NEO) is a governance token of Neo, a blockchain ecosystem intended to be used in the development of a smart economy. This blockchain was first introduced in 2014 under the name Antshares and rebranded as Neo three years later in 2017. There are two native tokens in the Neo blockchain ecosystem – NEO and NEO GAS. NEO is used to establish ownership and management roles in the blockchain, while NEO Gas is used to pay for blockchain transactions.

Neo (NEO) Current Market Status

Currently, Neo (NEO) holds the 74th position on CoinGecko with its current price at $8.80, 24-hour trading volume of $77,175,382, and 24-hour price change of 9.2% down with 70,530,000 circulating supply. The all-time high peaked at $198.38 on January 15th 2018 according to CoinGecko’s records..

Neo Price Prediction 2023

In our analysis for Neo (NEO) Price Prediction 2023 we use statistics, price patterns, RSI readings, VOL readings and other information about Neo to analyze the future movement of this cryptocurrency . According to our analysis ,the bullish prediction for NEO’s price for 2023 stands at $7 ,86 -$12 ,76 while bearish prediction stands at $5 ,97 . A horizontal channel pattern has been spotted on TradingView which indicates that if current trend continues then NEO might reach resistance levels at 10 .45 USDT and 17 .43 USDT but if trend reverses then it might fall down as low as 6 .04 USDT .

Support & Resistance Levels of Neo (NEO)

The chart below shows us some important support & resistance levels that can help us understand how high or low can neo go this year :

Support Levels: 5 .58 USDT | 7 .54 USDT | 8 .14 USDT

Resistance Levels: 10 .45 USDT | 13 .88 USDT | 17 .43 USTD

Conclusion

To conclude , our analysis suggests that NEO may hit its all time high soon again with Bullish predictions like reaching up to 12 ,76USD by end of 2023 while bearish predictions suggest that it may go as low as 5 ,97USD by end of same year but its hard tell due volatility nature cryptocurrencies have so investors should watch out closely before investing their hard earned money into any cryptocurrency including neo