Neo (NEO) is down 2.4% to $6.05 this week, underperforming the broader crypto market, where Bitcoin (BTC) has slipped only 0.6% to $121,750. The token failed to capitalise on Bitcoin’s breakout above key resistance and remains stuck in a flat range between $5.00 and $7.00. Its inability to approach the upper boundary suggests weakness in momentum, despite ongoing project activity. Neo released a platform update in mid-September, yet it has not translated into notable price gains.
Still, a renewed rally in Bitcoin could offer Neo another opportunity to retest the $7.00 resistance. If the breakout succeeds, the next target would likely be around $10.00.
