NEO is showing signs of improving momentum as buyers continue to defend the recent support area.
๐ WHATโS HAPPENING?
The chart shows NEO recovering from its previous lows and gradually forming a stronger upward structure. Buyers appear to be gaining interest, but confirmation is still important before calling a major breakout.
๐ฏ KEY LEVELS TO WATCH
Resistance: $19.00
Support: $14.20
A strong move above resistance could bring additional momentum, while a rejection may send the price back toward the support zone.
๐ WHAT COULD MOVE NEO?
Overall crypto market sentiment, trading volume, Bitcoin's direction and renewed interest in altcoins could influence NEO's next major move.
๐ก FINAL THOUGHT
NEO is one of the altcoins worth keeping on the watchlist. The chart looks interesting, but traders should wait for confirmation rather than chasing a sudden move.
What do you think โ breakout or another pullback? ๐
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