<ul><li>NEO market shows a bullish bounce, but price correction is possible due to weak ATR.</li><li>The positive trend is being supported by buying pressure, but caution is advised as MFI approaches the overbought zone.</li><li>Bullish momentum is fading, users must watch for trend reversal signals like a break below the 50-day MA.</li></ul>The <a href="https://coinedition.com/tag/Neo-NEO/" rel="noopener noreferrer nofollow">Neo (NEO)</a> market has had a bullish bounce in the previous 24 hours, with the price going from a low of $12.56 to a high of $13.26. At publication, a 1.79% increase had been made to $12.84 due to the bulls’ persistent optimism.If bulls can sustain a break over $13.26, they may see more resistance at $14.00 and $15.00, which might see increased buying interest from traders. If, however, the bears succeed in driving the price below the $12.00 support level, this might set off a sell-off and initiate a negative trend in the near future.<a href="https://coinedition.com/neo-displays-bullish-bounce-but-potential-for-price-correction-looms/" rel="noopener noreferrer nofollow">See the Original CoinEdition</a>

NEO Displays Bullish Bounce, but Potential for Price Correction Looms

Coin Edition

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