NEO Holds Gains After Bounce – Ready for Continuation?
NEO/USDT is trading at $5.48, up 1.29% over the past 24 hours. After dipping to a low of $5.13, the price rebounded sharply, topping out at $5.51 before stabilizing. Volume came in at 1.32M NEO, with 7M USDT traded—showing moderate interest returning.
The price is currently holding above all major moving averages: MA(7) at $5.47, MA(25) at $5.46, and MA(99) at $5.33, suggesting bullish alignment. The convergence of the 7 and 25 MA indicates potential continuation, as NEO consolidates just below recent highs.
Volume has cooled post-spike, which could signal a healthy pause or a build-up for another leg higher. Watch for a break above $5.51 to confirm bullish momentum, with upside potential toward the $5.65–$5.70 range.
In summary, NEO is in a short-term uptrend, holding strong support and trading in a tight range. A break above resistance could ignite further gains if volume returns.
