Are you keeping an eye on NEO and curious about its next move? Then you are in the right place. Let’s dive into the most recent NEO price action and see what the “Ethereum of China” is up to. The token has shown a relatively stable performance in recent hours. The NEO price has been moving gradually upward, avoiding any sharp corrections despite the broader volatility in the crypto market.
The token has maintained its momentum through modest upswings and limited bearish reversals. The ongoing NEO trend hints at a cautious but consistent bullish sentiment. With market participants watching for stronger signals, the current chart activity could hold early signs of a breakout or another consolidation phase. Let’s examine the latest technical patterns and what they may suggest for NEO’s short-term trajectory.
NEO (NEO) Price Analysis for May 10, 2025
The trading session began with the NEO price at $6.30. Some bullish pressure ensued early, and the price climbed confidently to $6.40. The RSI indicated overbought conditions at this point. A trading range developed as the bulls and the bears failed to instigate a decisive trend. This narrow consolidation lasted till 3:00 UTC. At that point, a narrow death cross emerged on the MACD indicator, and the NEO price retraced to $6.25 by 6:15 UTC. The RSI was below the midline.
NEO/USDT, M-5 Chart, analyzed by raodevansh18, published on TradingView, May 10, 2025
At 6:200 UTC, a golden cross formed and widened in the coming 2 hours, leading to a sharp rise on the NEO price chart. The price rose rapidly to $6.70. Strong rejection followed at this point, and the NEO price slumped to $6.30 by 9:50 UTC. The bulls continued to persevere and pushed the price up to $6.60. Some correction occurred, but the NEO buyers led the price to $6.62 by 13:45 UTC. Another death cross formed at 13:55 UTC, and the price slumped to $6.38 in the next half an hour.
Some consolidation occurred at this price level, and the bulls were soon able to muster an upward NEO breakout at 17:00 UTC. Another range formed and met a similar fate. The upward breakout at 21:00 UTC. One more phase of consolidation occurred, going into the midnight with the NEO price at $6.54.
NEO Bulls Persevere, $6.7 Resistance Breached
In the initial hours of trading, the NEO price witnessed sustained bullish strength. The price went up rapidly to test the $6.7 resistance. The initial tests failed, but the price touched higher lows consistently while the resistance line stayed stable. A bullish triangle formation emerged, and soon enough, by 5:00 UTC, the price broke above the $6.7 mark. The bullish trend continued till 8:45 UTC, with the price testing the new resistance at $6.9. Since then, a potent reversal has taken place, with the price finding a bottom at $6.62. As of the latest update, NEO stands at $6.71.
$6.6 A Key Support. More Resistance Tests May Follow
If similar bullish pressure from the previous 24 hours persists, NEO looks primed to test the $6.9 resistance as of now. However, the correction seen today has been the most significant one in the last 12 hours, suggesting that the bears are also vying for control. A trading range may also form, given that the latest golden cross is already converging. With that in mind, a confirmed breakout below $6.6 could lead to the start of a bearish run for NEO. However, if it maintains this key support, the bulls may make something out of it.
NEO (NEO) Price Analysis for May 15, 2025
NEO has had an underwhelming time in the last 24 hours. The NEO token has depreciated by 7.78% since yesterday, marking the beginning of what could be a potentially long bearish phase. The movements have been characterized by consolidatory phases, followed by downtrends. The NEO price stood at $7.38 when the trading session commenced. Early consolidation followed as the EMAs interacted with each other rapidly on the MACD indicator. The price did go slightly up to $7.48, but faced a bearish turn as the EMAs converged by 1:40 UTC.
NEO/USDT, M-5 chart, analyzed by raodevansh18, published on TradingView, May 15, 2025
The NEO price fell to $7.26 by 2:05 UTC. A trading range formed at this level, as neither the bulls nor the bears could force a directional movement. This trading range lasted till 5:30 UTC in the morning. At the stroke of 6:00 UTC, a bearish crossover formed on the MACD. A stable downtrend formed as the NEO token slowly retraced to $7.17 by 8:45 UTC. Just when the EMAs were converging for a golden cross, the death cross widened again, leading to a sharp drop to $7.04 by 9:00 UTC. This drop led the RSI deep into the oversold zone.
Trading Ranges Dominate Price Action, Outlook Slightly Bearish for NEO
The oversold conditions prompted a bullish reversal. A wide golden cross did occur, but could only instigate a slow climb to $7.24 by 11:35 UTC. At noon, another death cross formed, and the NEO price declined to $7.05 by 14:15 UTC. Some consolidation occurred in this area as NEO’s upward movement faced a strict ceiling at $7.15. The price action for the rest of the day was confined to a narrow range, as the price alternated between the $7 support and the $7.15 resistance. A narrower trading range was also observed at 17:55 UTC, which lasted until 22:55 UTC. A downward NEO breakout ensued, as the price fell to $6.98 by 23:25 UTC. The price moved up to $7.05 soon. At midnight, the price stood at $7.03 UTC.
NEO Price Faces Strong Bearish Pressure, Falls Below $7 Support
The slight uptrend from the previous day continued to push the price up, but the $7.15 resistance held strong throughout the test. The price soon returned to the support level at $6.92 and consolidated, holding close to the support. At 5:05 UTC, a bearish crossover formed, and a downward trend followed, taking the price down to $6.60. This decline led the RSI into the oversold region. However, the Bulls failed to capitalize on this situation and managed an uptrend to only $6.74. The bears took control again and pushed the NEO price down to $6.55. Some reversal has been seen since, leading the price up to $6.71 as of press time.
Bears Reign As NEO Price Tests $6.55 Support
As of now, the NEO price seems to be climbing. However, the RSI is already close to the overbought zone, suggesting bullish exhaustion soon. If that holds true, the historically critical support at $6.55 may soon be retested. If a support break occurs, we may be in for more selling. This could cause a stark price decline, confirming the extended bearish phase for the NEO token.
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