NEO/USDT Technical Analysis: Defending Key Support for the Next Bullish Leg
NEO is currently trading at 1,325.50, up by +1.39% (+18.23) on GlobalEx.
Price Action & Support: The chart highlights a strong impulsive rally followed by a healthy pullback to major support around the 1,250.00 zone. Price is currently holding above the entry level of 1,318.22.
Indicator Recovery: Momentum indicators like the MACD and RSI (sitting at 48.58) reflect stabilizing market conditions and point toward a potential continuation of the broader upward trend.
Upside Targets: As long as the primary support holds firm, the next upside targets are projected at Target 1: 1,750.00 and Target 2: 2,100.00.
Keep a close eye on this setup for potential swing trading opportunities!
NEO is currently trading at 1,325.50, up by +1.39% (+18.23) on GlobalEx.
Price Action & Support: The chart highlights a strong impulsive rally followed by a healthy pullback to major support around the 1,250.00 zone. Price is currently holding above the entry level of 1,318.22.
Indicator Recovery: Momentum indicators like the MACD and RSI (sitting at 48.58) reflect stabilizing market conditions and point toward a potential continuation of the broader upward trend.
Upside Targets: As long as the primary support holds firm, the next upside targets are projected at Target 1: 1,750.00 and Target 2: 2,100.00.
Keep a close eye on this setup for potential swing trading opportunities!