NEO for crossroads: watch $2.624 resistance and $2.596 support for next move
NEO remain dey for short-term downtrend and e dey consolidate for tight $2.60–$2.70 range near the 20-day EMA. Trading dey around $2.53–$2.61, below EMA20, with neutral-to-slightly-bearish momentum (RSI ~39–46) and small positive MACD histogram. Volume low (24h ~$3.6–4.1M), mean say participation dey limited and volatility soft. Key levels wey make sense: resistance at $2.6241 (strong) and $2.7480, and supports at $2.5961 (strong), $2.3950 and $1.8524. For bullish reversal, you need daily close above $2.6241 with rising volume, MACD expansion and RSI >50; first upside targets na $2.7480 and $3.03 (Supertrend). Bearish continuation go confirm if e close below $2.5961, targeting $2.3950 then $1.8524, and downside go quicken if Bitcoin break im key supports. NEO get high correlation with Bitcoin (correlation >0.85); watch BTC support/resistance levels (near $68,999/$64,323 and $70,978/$73,972) for direction. Traders make dem watch 4H and daily closes, volume spikes, RSI/MACD shifts and BTC moves to confirm direction, and use disciplined stops (suggested below $2.395 for leveraged positions).
Bearish
Both updates dey show say NEO dey consolidate under the 20-day EMA with low volume and neutral-to-bearish indicators, and dem identify stronger downside triggers pass upside triggers. Critical short-term support deh for $2.596–$2.395; if e close for a day below $2.5961 e fit open move go $2.3950 and lower targets around $1.85. The volume and indicator requirements for a bullish reversal (daily close above $2.6241 with rising volume, MACD expansion and RSI >50) never meet yet. High correlation with Bitcoin (>0.85) dey increase downside risk if BTC lose im supports. For traders, the risk/reward right now favour short/bearish setups unless clear confirmation of breakout above $2.6241 appear with increased volume, so the short-term bias na bearish.