Positive developments in crypto from the Asian region have moved the coins in this area, what’s going on with NEO, one of these coins?
The positive developments towards the crypto industry from the Asian side have added activity to the coins related to this area. NEO, one of the most recognized Asian-based coins, showed this with a remarkable rise a few days ago. However, the fact that BTC could not break the 27,250 resistance led to pullbacks in altcoins. Trading just below the resistance area, can NEO break through and explode?
Neo (NEO) Chart Analysis
The growing interest in Asian tokens has made the rise in NEO inevitable. NEO, which rose from $9.68 to $11.50, slumped after Bitcoin fell to the support level. Currently trading at $10.67, NEO may see voluminous gains when it surpasses the resistance area in front of it. The resistance levels for NEO are $10.89 – 11.95 – $12.90 and $14.19, respectively.
Staying in the background of the Asian trend, or continuing the downward momentum in cryptocurrencies, may pose a danger to NEO. In this case, it is of great importance to maintain the monthly opening price of $9.68 and $8.67, respectively, in NEO. Failure of buyers to play an active role at these levels could accelerate the collapse in NEO.
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