Unexpected exit from China's Ethereum!

Neo (NEO), described as China's Ethereum, showed itself by rising sharply after a long time.

#Neo (NEO), one of the legendary names of the past, returned to the field with its increase in the last 24 hours. The popular coin, which was worth 140 dollars at the time, fell out of favor with the arrival of the bear season and the failure to realize a mainnet. However, the volume and steady increase of BTC triggered the rise in NEO. The coin, which attracted great attention especially in China, increased by 7.99 percent in the last 24 hours and took the second place in the "Most Rising" list.

Looking at the daily chart, NEO, which has been pricing in a downward direction since the beginning of June, broke this trend by taking advantage of the movement in BTC. The popular coin, which left the 6.40 – 6.84 levels behind with the trend break, gave its investors and ecosystem a little bit of a sigh of relief. As of the current situation, when NEO finds buyers at $8.44 and exceeds $8.67, its target levels will be $9.68 - 10.76 - 11.89 and $12.90.

#BTC falling to $30,000, BTC dominance gradually increasing, or #NEO $$$not being able to maintain $7.69 could lead to a sharp decline. In such a scenario, $6.84 and $6.40 should be followed as support. Failure of $6.40 to be held by buyers could lead to a short-term bottom price.
$BTC $ETH $NEO