NEO Price Breaks Below Support Levels, Focus on $4.59 and $4.40-$4.30

NEO experienced a notable price decline below its symmetrical triangle support levels. The cryptocurrency’s current trading range sits between the $4.59 support level and the resistance zone of around $4.81, with added attention drawn to the price action near $4.40-$4.30. This downward trend follows multiple failed attempts to break above the descending trendline, which has acted as a key resistance point. Analysts attribute this shift in momentum to renewed selling pressure against the 9-day EMA, a leading indicator that still holds above NEO’s price action.