Neo has made a impressive reversal since the start of June and really showing some strength against Bitcoin. Lets take a look at the charts.
As you can see NEO recorded some nice gains vs BTC and we are currently witnessing some sellers stepping into the market at these prices. A correction after a little bull run like this is quite normal and we could expect a slight pullback before we will see more gains.
Short term support for me is around 0.006 btc and resistance is around 0.0066. I expect some price action in this zone before prices cosolidate higher or lower going into the weekend, or next week.
Neo is a promising project in the crypto space and many haters are left on the sidelines again after some more decent price action from NEO.
This bullish push is also reflected vs the US Dollar and more traders will be looking towards this market as the trend continues to confirm itself.