Yigit Taha OZTURK 
NEO has experienced a sharp decline from 8$ to 4.50$ on the 4-hour chart after losing its minor uptrend. This price movement necessitates a reevaluation of critical support and resistance levels.
Critical Support and Resistance Levels for NEO
The 4$ level is a crucial support zone for NEO. If this level is breached, the price could drop further to 3.50$.
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However, if 4$ holds as support and strong buying pressure emerges, NEO could rebound toward the Fair Value Gap (FVG) area. If it successfully surpasses this resistance zone, the price may extend gains toward 6$.
Technical Indicators: What Do They Suggest?
Support Levels:
- 4$: The primary support level; breaking below it could increase selling pressure.
- 3.50$: The next key support level if the downtrend continues.
Resistance Levels:
- FVG Region (~5$ – 5.50$): The first resistance zone where selling pressure could rise.
- 6$: A potential target for bulls if momentum continues upward.
NEO’s price trajectory will be heavily influenced by its reaction at the 4$ support level. A sustained move below this level may lead to increased selling pressure, while holding above it could provide the foundation for a potential recovery towards 6$.
Investors should closely monitor 4$ and observe how NEO reacts around the FVG region. RSI and MACD can provide crucial signals on whether the trend is shifting.
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