DeFi is becoming popular, and science-backed cryptocurrencies are leading the blockchain world. Neo stands out with its unique features. The NEO token has been making strides in the crypto sphere, attracting the attention of investors and traders. The token surged 39.4% in January, nearly hitting $10.
NEO Price Analysis & Pattern
The value of all digital currencies added up to more than $970 billion at the beginning of the year. Among them, NEO was worth $529.7 million and went up by 3.24% that day. Sadly, the drop of FTX caused serious harm to those who bought it and hit its lowest point in a year at $5.94 on December 30, 2022. But the good news is that the crypto market is bouncing back after the recent dip.
Source: NEO/USDT by Tradingview
Basically, the stock price of NEO has been going up and seems to be supported around $5.9 to $6.0. … Read more