NEO Price Analysis: Critical Support Zones at Risk

The NEO cryptocurrency has been trading in a downtrend structure, with its current price at $2.64 within the 24-hour range of $2.59-$2.73.

Technical indicators such as the Relative Strength Index (RSI) and the SuperTrend resistance level are also showing bearish momentum, suggesting that NEO may be due for a further decline.

The analysis identifies several key support and resistance levels for traders to consider, including the primary support at $2.5989, which has formed an order block as the last swing low on the 1D timeframe.

Additionally, the secondary support at $2.3950 is a strong buyer zone, but breaking below $2.5989 would invalidate this level and open up a downside target of $1.5155.