The decision of the Chinese Central Bank to remove the crypto currency is expected to adversely affect the use of NEO. However, NEO’s search for alternative markets can reverse expectations.
NEO is developing a business partnership with the famous tourism application Travala.com. NEO announced that it has invested in Travala to transform Travala.com into blockchain technology. We provide the original tweet below.
In the chart below, we see the daily average change in the prices of NEO. The NEO was negatively affected by the market-wide decline on Wednesday, with prices dropping from $ 17 to $ 14. The coin was able to partially compensate for the decline on Wednesday.
The NEO moves above the 50 and 100-day moving average, indicating that the trend outlook is bullish. MACD values are likely to create a bottom value. On the other hand, RSI values indicate that the demand for purchases is gradually increasing.
Roxanne Williams of CryptoNewsz thinks the NEO could go up to $ 18 by the end of the month.