NEO on Verge of $7 Breakout as Ascending Triangle Holds Firm

The cryptocurrency NEO is poised to break above its resistance level at $7, with buyers defending key support levels and holding above the Ichimoku Cloud. This bullish development comes as NEO trades near $6.50 after a slight 2.98% decline in 24 hours, yet shows a strong 3.85% weekly gain. Analysts are expecting the price to continue its ascent above the ascending triangle support, with $6.80 – $7.00 acting as crucial breakout levels. The Ichimoku Cloud’s continued strength and bullish setup further supports this prediction, suggesting the potential for a sustained rally.