Summary
TLDR: Despite facing market cues, Neo’s price is holding steady and preparing for a potential recovery. Technical indicators suggest a bullish trend, attracting new investors to the network. The price could rally to $23 if it breaches resistance at $20, but falling below $18 would invalidate the bullish thesis and lead to a decline to $16.85.
Key Points
1. Neo (NEO) price is holding its own despite the altcoin facing the impact of the broader market cues.
2. The cryptocurrency seems to be preparing for a recovery from the recent losses that could occur in the coming days.
3. The Bitcoin halving changed the market sentiment from bearish to bullish, leading to a potential crossover in NEO’s price.