The article discusses the current bullish market structure of NEO ($NEO) and its potential for further upward movement. Analysts highlight a rounding bottom pattern on the 4-day timeframe, indicating a transition from a bear market to a bull market. The cryptocurrency is holding above key support levels and is potentially aiming for higher targets at $29.07 and $35.83. However, a possible bearish pattern in the form of a rising wedge on the 4-hour chart suggests a break with near-term bearish sentiment. Traders should wait for a breakout to confirm the upward movement, while a fall below the $16.50 level may lead to a downside towards $14.00.
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