NEO/USDT This area so strong to sustain NEO, Ready for re-upward

💎 NEO has undoubtedly garnered considerable attention in the crypto market, showcasing a significant rebound from its demand area. This resilience highlights the strength of the demand, hinting at NEO's potential to resume its upward trajectory.

💎 The focus now shifts to NEO's ability to breach and establish above a crucial resistance level, a move that probability could signal continued bullish momentum.

💎 However, should NEO struggle to ascend towards this key resistance area, there's a risk it might retract to the demand zone. A critical point to watch is NEO's performance in this demand area.

💎 A failure to maintain its position, particularly if it breaks below this zone, would be a stark bearish indicator. Such a breakdown would confirm a downward trend, with NEO likely to slide towards the next support level at approximately $8.7. In a more bearish scenario, NEO could extend its decline even further, reaching a stronger support level.