Can Price NEO / USD Recover Further?

[zeingrind777]

Over the past few days, there has been a sharp drop in Neo prices from well above the $ 40.00 level against the US Dollar. The NEO / USD pair drops consistently and breaks much of support like $ 35.00, $ 30.00 and $ 28.00. The graph shows that prices found a decent buying interest above the $ 27.00 level. Low formed at $ 27.13 before the price started the upside correction. It moved above the 23.6% Fiber retracement level from the recent decline from $ 41.37 high to $ 27.13 low.



More importantly, there is a break above the main bearish trendline with resistance at $ 29.50 on the hourly chart of the NEO / USD pair. The pair rose above the $ 30.00 level and settled above 100 simple moving average

[TeamFab]

The price of Bitcoin is increasing. Many be NEO will also get affected positively by this situation.

[Direwolve735]

NEO in the long run will grow no matter what, although its price is also subject to fluctuations and correlations. There is a possibility that NEO will turn into crypto-yuan and all Chinese ICOs will be conducted on the basis of this crypto currency. NEO gives a huge profit. I believe that by the end of 2018 the price of the coin can grow to $300.

[cryptomagnate]

I think NEO has the potential to grow to the highest peak of $160 which was seen from the graph chart because it's one the best blockchains in the cryptocurrency space. I quite believe it recover very soon.

[leoliln45]

There is a possibility of recovery price. The price of cryptocurrency has started to rise. I hope that it will bring good changes in the market.

[alinalovedoogie]

This has become a common trend for this year for all of the coins. All things considered this year is a time of revile for the digital currency showcase. This year isn't for any cryptographic money. Just the new coins at the season of propelling are getting great cost however inside a couple of days, they are additionally confronting emergency. However, it is normal that toward the finish of this current year, the cost of bitcoin will rise.

[gantez]

I do not have much to panic about Neo since bitcoin has started making some recovery. Neo's recovery is just around the same movement with bitcoin. We have to be a little patient, we just be optimistic that the bitcoin price keep progressing.

[zeingrind777]

NEO in the long run will grow no matter what, although its price is also subject to fluctuations and correlations. There is a possibility that NEO will turn into crypto-yuan and all Chinese ICOs will be conducted on the basis of this crypto currency. NEO gives a huge profit. I believe that by the end of 2018 the price of the coin can grow to $300.

I hope so. but I think the expectation of reaching $ 300 is still too far away. though I appreciate your belief. and we hope it will be realized

[linkHA]

I think currently NEO is at a very low price because it has been around for a long time.
So I think now is a good time to buy.

[samuelsmith]

Given the market is not doing so well, the new coins are finding their way in easily and are able to sustain in the market. The market this year has been more or less like the platform for new coins to be able to prove themselves by sustaining strategically and giving a good competition to the old coins. 

[sukatuku]

NEO / USD
NEO completed the descending triangle with a value below $ 86. The market will try to keep the next support is 63.62 USD, but if successful, it may be tending to reduce to 49 USD.
The NEO / USD pair is not breaking the bottom of $ 63, if resistance breaks this currency will be in danger.

[Rules85]

I think the overall market is not doing well at the moment, so we can expect a lower-priced NEO.
Because the profits of investors in the pre-neo period were so great.

[Rinaldi11]

if the bears build on their advantage and break below the $9,300 levels, we should see a slump to $8,000. If the BTC/USD pair makes a new low, we shall not buy. However, if the bulls regroup themselves and buy aggressively, pushing prices above the downtrend line, it will signal a likely reversal. That’s why we suggest buying on a close above $12,200 with an initial stop loss of $9,600. We expect the bounce to face strong resistance at $14,000 levels. Though this trade doesn’t offer a good risk to reward ratio, we suggest taking it because the goal to buy as close to the bottom as possible. We should close the position quickly if it doesn’t gain momentum above $12,200. As the chances of a whipsaw are high, please keep the allocation size at 50 percent of normal

[Forthehorde66]

Im praying for a big bullrun in the upcoming 30 days, - then NEO will explode again. 

[Michail9090]

It will definitely recover, because it is the first competitor of Etherium, I think it will return to its 140 dollars and in 2019 will reach new heights

[mastersay]

It is kind of early to give a assumption on NEO, but the year is still half way till it ends, many events are gonna be get going in NEO environment, and is expected that many ICO will launch that uses NEO as their blockchain. Surely NEO will have a promising price before 2018 ends.