$NEO

NEO/USDT Technical Analysis: Price Action & Target Levels 🎯

The NEO/USDT pair has been showing some interesting price action over the last 24 hours. With a current price of Rs 4,214.85 (+4.28%), NEO has been trading within a range, and the market has been active with decent volatility. Below is the technical analysis and target levels for the upcoming moves:

Key Observations:

24h High: 15.30 USDT

24h Low: 13.79 USDT

24h Trading Volume (NEO): 1.43M NEO

Moving Average (MA):

MA(5): 58,169.49

MA(10): 53,421.27

The price action of NEO shows an overall upward momentum, with recent bullish moves pushing the price higher, touching 15.30 USDT. However, we are currently facing support at 14.99, and it's crucial to keep an eye on the market to gauge any retracement or continuation.

Targets for NEO/USDT:

1. Target 1: 15.50 USDT

A breakthrough above the 15.30 USDT resistance can push NEO toward the 15.50 USDT level. If sustained, this could indicate a continued bullish trend, and the price could extend higher.

2. Target 2: 16.00 USDT

If NEO maintains momentum and breaks past 15.50 USDT, the next key target would be around the 16.00 USDT mark. This level could offer another resistance zone, but if surpassed, we might see more significant upward movement.

3. Target 3: 17.00 USDT

With strong bullish confirmation and a solid breakout from 16.00 USDT, the next possible target could be 17.00 USDT. This level represents a more extended bullish run and would depend on continued buying pressure and market sentiment.

Key Support & Resistance Levels:

Support Level: 14.99 USDT

Resistance Levels: 15.30 USDT, 15.50 USDT, 16.00 USDT

Conclusion:

The NEO/USDT pair is showing strong bullish signs in the short term. With support holding around 14.99 USDT, a break above 15.30 USDT would suggest further upside potential, with 16.00 USDT and 17.00 USDT being the next key targets. Keep an eye on the overall market sentiment and volume to confirm the continuation of this bullish move.