Positive sign for potential upward movement

NEO experienced a sharp rebound after dropping to the $10 support area, indicating significant buying interest and strong support at this level. If the positive momentum continues, NEO is likely to test the next resistance area, signaling a potential shift towards a bullish trend.

6/21/20241 min read

NEO price chart showing a sharp rebound from the $10 support area, indicating significant buying int
NEO price chart showing a sharp rebound from the $10 support area, indicating significant buying int

NEO experienced a drop to the support area around $10, followed by an immediate bounce back up. This sharp rebound suggests that there is significant buying interest and strong support at this level. Such a reaction indicates that buyers are stepping in to defend the $10 support, which is a positive sign for potential upward movement.
If the current positive momentum persists, it is likely that we will see NEO testing the next resistance area in the coming days. This would imply that the price could rise further, challenging the next significant resistance level, and potentially indicating a shift towards a bullish trend.