$NEO

/USDT Technical Analysis: Targeting Key Levels 🎯

The NEO/USDT pair is experiencing a solid upward movement, with a 24-hour price increase of +29.06%. Currently trading at $23.23, NEO has successfully reached a daily high of $23.54 and tested a low of $17.78, showing strong volatility.

Key Technical Levels:

1. Target 1: $23.50

The recent high of $23.54 could be the first point of resistance. If NEO continues to hold above $23.23, we could see a further push towards this level.

2. Target 2: $24.00

A break above $23.50 could set NEO on course to test the psychological resistance level at $24.00, where it might face increased selling pressure from traders looking to lock in profits.

3. Target 3: $25.00

Looking further ahead, if the upward momentum continues, the next target could be the $25.00 level. This represents a major price threshold that could signal the continuation of the bullish trend.

Trend Outlook:

NEO has been bullish in the past 24 hours, and key moving averages suggest the potential for continued upward movement. The strong support at $17.78 holds, but traders should watch for any signs of a price pullback.

Monitor volume and market sentiment as we approach these key targets. Keep an eye on the 15-minute and 1-hour charts for confirmation of breakout points.

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