Neo (NEO) is rising by 3.6% to $6.06 this week, outperforming Bitcoin (BTC), which is up just 0.2% to $114,581. The crypto market is showing signs of recovery after last week’s sell-off. Neo recently dropped to a strong support level at $5.00 and quickly found footing for a rebound. This level has only been touched five times in the coin’s history, each time resulting in a significant bounce. With improving market sentiment, Neo appears well-positioned for a strong move upward, potentially targeting the nearest resistance at $10.00.
