Summary
TLDR: NEO’s price has hit a multi-month high with the highest gains in the market, leading to higher profits and a bullish recovery. The Sharpe Ratio is at 2.17, indicating potential for investors. Bearish attempts have not been successful, with $4 million in liquidations discouraging more bets. The price is currently trading just under $23 and could continue to rise, with support at $22.63 and resistance at $24.22. If support is invalidated, price could fall to $20.00.
Key Points
1. NEO’s price has reached a multi-month high, showing the highest gains in the market over the past week.
2. The Sharpe Ratio for NEO is currently at 2.17, indicating a high risk-adjusted return for the investment, potentially attracting more investors to the altcoin.
3. The Average Directional Index (ADX) suggests that NEO’s active uptrend is gaining strength, leading to the possibility of further price rises in the coming days.