On the 15m timeframe, $NEO shows clear intraday volatility. Price bounced strongly from 2.758 and pushed aggressively up to 2.858, reflecting strong short term buying pressure and solid momentum expansion.
However, the 2.850 to 2.860 zone triggered a sharp rejection. Since that high, candles are forming lower highs, signaling active supply and cooling momentum.
Price is now consolidating around 2.820. As long as the 2.805 to 2.800 area holds, the short term structure remains constructive. A break below 2.775 would weaken the bullish setup and open the door for a deeper pullback.
Overall, this looks like a strong impulse followed by a controlled retracement. The market is deciding between continuation and a broader correction.
NEO
2.767
-1.14%