NEO price struggling at $20 resistance

NEO supports the digitalization of assets and the positive thing is that NEO is one of the Chinese government’s favorite cryptocurrencies. The transaction volumes of this cryptocurrency are expected to increase and once this happens, the price of NEO will be at higher price levels.

According to analysts, this cryptocurrency has a positive long term outlook because NEO supports the digitalization of assets. As long the price of NEO is above $16 this cryptocurrency is not in the “sell” zone and if the price jumps above $20 the first target could be located around $22.

Timeline of Neo