$NEO is currently in a ranging market structure, oscillating between key support and resistance levels.
With a current price at 5.93 USDT, traders should watch the 6.02 USDT resistance for a potential breakout.
A pullback entry around the support level of 5.81 USDT could offer a safer entry point.
Risks include volatility influenced by Bitcoin's movements and broader macroeconomic events, which may impact investor sentiment.
