🚀 $NEO /USDT – Strong Breakout Momentum, Bulls Taking Charge 🚀
$NEO is trading at $8.23, up a sharp +16.68% after rebounding from the recent dip at $6.88. The coin has broken above short and mid-term averages with impressive volume, signaling buyers are firmly in control.
Key Technicals:
7MA (7.90): Price is holding above it, confirming short-term momentum.
25MA (7.56): Now acting as solid support after the breakout.
99MA (7.08): Bullish alignment with shorter MAs, showing trend confirmation.
Volume: Spiking strongly, showing real buying power behind this rally.
Bullish Setup:
NEO has already hit a 24h high of $8.47, which now stands as immediate resistance.
If buyers break and hold above $8.50, next upside targets are:
Target 1: $8.80
Target 2: $9.20
Target 3: $9.70
Risk Management:
Stop-loss: Below $7.80 (to protect against sudden reversals).
A rejection at $8.50 could drag price back to support levels at $7.80 → $7.56.
Losing $7.08 (99MA) would weaken bullish momentum.
Bottom Line:
$NEO is showing powerful breakout behavior with strong volume confirmation. As long as it holds above $7.80, dips look like healthy entries. A breakout above $8.50 could accelerate the run toward the $9–$10 zone.