The chart shows a 4-hour candlestick pattern for NEO/USDT on Binance, covering mid-July to early August 2025. The price has recently declined from a peak near 8.81 USD to the current level of 5.76 USD, indicating a significant pullback. The moving averages (red and green lines) suggest a bearish trend with a crossover, but the price is approaching a support level around 5.5 USD. The oscillator at the bottom shows oversold conditions with a slight upward movement, hinting at a potential reversal. If buying volume increases and the support holds, a recovery to 7.50 USD appears achievable in the near term, aligning with the previous resistance zone.
Potential TP: 7.50 USD
Potential TP: 7.50 USD
Trade closed: target reached
Target Done
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.