NEO Breaks Below Symmetrical Triangle, Eyes $4.59 and $4.40–$4.30 Levels

Citing Cryptonewsland, NEO has broken below its symmetrical triangle after repeated failures at the descending trendline and the 9-day EMA. The shift below the rising support trendline placed sellers in control, with the price remaining under the 50-day SMA. Key levels now sit near the $4.59 support and the $4.81 resistance, with additional interest in the $4.40–$4.30 zone. The breakdown developed gradually as price action pressed against the triangle’s lower boundary, with sellers acting quickly near the descending trendline. The breach below the rising support marked the first decisive shift in weeks, and the former trendline has now turned into an immediate ceiling. The $4.59 support level remains close, and traders are monitoring the $4.40–$4.30 zone as momentum continues.