NEO Shows Resilience
Neo (NEO) is down by 1.0% this week, currently trading at $9.34, though it was as low as $8.87 earlier on Wednesday. The quick recovery in prices is providing some optimism. It's crucial for NEO to maintain its position near the $10.00 support level in order to sustain its upward momentum.
The token has broken through a negative trend that began on April 11 and another one from May 21, demonstrating its resilience. Prices are now retesting the resistance level, which is critical for the continuation of the recovery. If the $10.00 resistance holds, NEO could potentially rise to $12.50. In this scenario, the token could reclaim its uptrend.
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