NEO Could Gain Another 25%
Neo (NEO) has dropped 8.2% to $10.00 this week, underperforming Bitcoin (BTC), which declined by 2.5% to $66,980. Despite this drop, NEO's price has formed an ascending triangle pattern, signaling potential for an upward move that could push prices above $12.50, possibly even as high as $13.40, which marks the middle of the ascending channel.
This ambitious target is supported by the increased security of Neo's sidechain, Neo X, which adds further confidence to the upside scenario. However, for this scenario to materialize, NEO must hold above the $10.00 support level, as breaking below could invalidate the pattern and limit further gains.
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