Phân tích giá NEO: Tăng 60% sau sáu ngày – Điều gì tiếp theo?

NEO's price has surged by 60% over the past six days, reaching its highest level in months and recording the highest gain in the market last week.

Will this upward momentum continue, or will the altcoin see a correction in the coming days?

NEO's price surge has significantly boosted the overall market value of altcoins, potentially leading to higher profits. This is evidenced by the Sharpe Ratio, which currently stands at 2.17.

The Sharpe Ratio measures the risk-adjusted return of an investment, indicating the superior return generated per unit of volatility. A higher value signifies higher profits.

These figures are crucial in determining whether an asset attracts investor interest, and in NEO's case, it appears to be doing so.

Furthermore, recent developments are likely to deter bearish sentiment. Efforts by bears to profit from price corrections have not yielded significant results. Sell-offs have been dominated by selling contracts over the past four days, totaling nearly $4 million, which may prevent further downward pressure.

As a result, NEO's price has shown signs of a recovery.

Price Prediction for NEO: Another uptrend on the horizon?

NEO is currently trading just below $23.00, with potential support at $22.63. This could enable the altcoin to continue its upward trend and surpass the resistance level at $24.22 to reach $25.00.

The Average Directional Index (ADX) above the threshold of 25.0 indicates strengthening upward momentum. This suggests that NEO may continue to rise in the coming days.

However, if the support level at $22.63 is invalidated at any point, the prospects for further price increases may diminish as NEO's price could fall to the $20.00 support level.

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