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$NEO Wake up! The currency is recording a 5.55% increase... Has the launch begun? 💥
Neo (NEO), known as "the Chinese Ethereum", is showing remarkable purchasing power today, achieving a strong rise of over +5.55%! 🟢 The current price at $5.439 is a result of a successful breakout above all major moving averages (MAs), which is a very strong technical signal!
Why this optimism?
Technical control: The price is now comfortably trading above MA(7), MA(25), and even MA(99). This arrangement confirms a trend reversal in the short and medium term in favor of buyers. 📈
Near target: After consolidating this rise, NEO is now targeting the nearby resistance peak at $5.485. Once this level is broken, the currency will be on its way to much higher levels.
Fundamentals: The Neo N3 community is still active, and this rise may be an indicator of market pricing for upcoming developments in the ecosystem.
Summary: Positive momentum is strongly returning for NEO. Keep an eye on it, as this could be the start of a major upward wave!
Do you expect NEO to surpass the $5.5 barrier soon? Share your thoughts! 👇
#NEO #CryptoMarketAnalysis #MarketRebound