<strong><em>NEO buyers are upbeat and in an $8 consolidation with resistance at $26. A break out above the resistance trend line may see prices rally to Q4 2021 highs.</em></strong>
<h2>Past Performance</h2>
The NEO price is stable on the last trading day. However, it is up 13 percent in the previous week versus the USDT. Technically, NEO prices are in an $8 trade range. There are clear caps at $18 on the lower end and $26 on the upper hand. At spot rates, sellers are in control from a top-down preview. Nonetheless, this could change if there is a break above the multi-week resistance trend line past $26.
<h3>NEO Technical Analysis</h3>
<a href="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/03/NEO-Daily-Chart-for-March-24.png"><img class="alignnone size-full wp-image-230285" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/03/NEO-Daily-Chart-for-March-24.png" alt="NEO Daily Chart for March 24" width="1366" height="768" /></a>

In the medium term, it appears as if NEO buyers have the upper hand as per the candlestick arrangement in the daily chart. The primary support is at $18 where there is a double bottom pattern. As such, there a leg up to $30 and even $54 may form if buyers convincingly clear $26---the immediate liquidation level. Since the recent rally has decent trading volumes, aggressive traders may load the dips above $20, targeting $26 and later $30. Conversely, a dump unwinding recent gains below $20 cancels the bullish preview.
<h3>What to Expect of NEO</h3>
The recent upswing towards $26 has relatively high trading volumes pointing to trader confidence. However, a solid break above the immediate liquidation level would complete the double bottom. Subsequently, this will pave the way for the next advance towards $54.

NEO Rallies 13% but Buyers Limited below $26

NEO buyers are upbeat and in an $8 consolidation with resistance at $26. A break out above the resistance trend line may see prices rally to Q4 2021 highs.

Dalmas has been passionate about the blockchain and crypto space ever since he’s heard about it. As someone who’s been closely following the trends in the crypto space, Dalmas is excited about what lies ahead in this niche and is all set to explore it. While he’s been advocating crypto adoption for a number of years, he’s himself a HODLer, which makes his voice authoritative and credible.

NEO Rallies 13% but Buyers Limited below $26

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