Here is an updated technical analysis for the currency $NEO (symbol: NEO) as of July 22, 2025:
📊 Basic Data
Current Price: $7.25
24 Hour Trading Volume: Approximately $57.9 million
Market Capitalization: Approximately $520 million
Circulating Supply: 71 million NEO out of 100 million
All-Time High: $196.85
📈 Analysis
Overall Trend: NEO's price has increased by 16.09% over the past week, indicating growing interest from investors.
Technical Indicators: The chart shows an upward pattern, with strong support levels at $6.50 and resistance at $7.50.
Moving Averages: The currency is trading above the 50-day moving average, reinforcing the positive outlook in the short term.
🧠 Influencing Factors
Technical Updates: The NEO network continues to develop its infrastructure, which may increase its attractiveness to developers and investors.
Integration with Applications: NEO is experiencing integration with new applications, enhancing its use in the real world.
⚠️ Important Notes
Price Volatility: Despite the upward trend, investors should exercise caution due to potential market volatility.
Competition: NEO faces competition from other networks such as Ethereum and Polkadot, which may affect its market share.
If you are considering investing in NEO, it is advisable to closely monitor support and resistance levels,
