If NEO Holds onto Weekly Support, Is $12 the New Target?

• NEO price has been continuing its downward movement for days.
• If NEO holds onto the support at $8.40, it can start its rise to $12.
• Critical levels that NEO investors should follow!

Can NEO start its upward movement? What levels should NEO investors follow? Current NEO Price Analysis!

Medium-Term NEO Price Analysis!

Daily NEO Price Chart Source: TradingView

When we examine the NEO price chart, we see that it received a reaction from its important weekly support and made a rise to the $9.79 levels.

At the time of writing, NEO price was moving from the $9.37 levels. If it makes daily candlestick closures above the $8.43 level mentioned in the NEO analysis, it can realize its rise to the $12 levels.

When we examine the NEO price chart on a daily time frame, it made a 10% rise from its support.

If the NEO price makes daily candlestick closures above the support zone mentioned in the analysis, which is the $8.90 level, it can start a horizontal uptrend and rise to the $10.74 levels in the coming days.

Short-Term NEO Price Analysis

4 Hour NEO Price Chart Source: TradingView

If the NEO price continues to make 4-hour candlestick closures above the $9.20 level mentioned in the analysis, it can enter the rising trend that will start its rise to the $10.20 levels.

If the NEO price makes 4-hour candlestick closures above the $10.20 level mentioned in the analysis, it can continue the rising trend to realize its rise to the $11.30 levels.

NEO investors should follow the support at $9.20 on the 4-hour chart.