Back in January I made an analysis on NEO where I argued that NEO was likely going to see more bearish pressure, which would bring it all the way back to 2019 price levels. Consequently, this could be considered as a long-term accumulation phase in preparation for the next bull-cycle. The yellow line is a copy from the previous accumulation phase and bull-cycle and is there just for visual purposes.

Be aware that NEO’s bottom is most likely not in yet. With Bitcoin Dominance rising, it’s very plausible that NEO can fall another 50%-80% over the coming months.

However, if you’re looking to dollar-cost-average NEO, this is the time to do so.