NEO/USDT – Strong Long-Term Accumulation Zone Detected!
🧾 Full Technical Breakdown (1W Timeframe):
NEO is currently revisiting a multi-year demand zone in the range of $3.90 – $4.50, a historically critical level where price has previously bounced before initiating massive rallies.
This zone has acted as a strong accumulation base during:
March 2020 crash
Mid-2019 correction
And now again in 2025 — making this the third test of the zone in a macro cycle.
The recent candlestick behavior shows price compression with long wicks, signaling demand absorption and the potential emergence of buyers.
📐 Key Pattern Formation:
Possible Double Bottom or Adam & Eve Reversal Pattern forming on the weekly chart.
Combined with horizontal support and psychological round number zone ($4–$5), this can be the foundation of a long-term trend reversal.
Price has entered a volatility contraction phase, which often precedes an impulsive breakout.
📈 Bullish Scenario:
If the support holds and we see a breakout with increasing volume:
1. Short-Term Targets:
$6.85 (local resistance)
$9.10 (previous consolidation block)
2. Mid-Term Targets:
$14.31 (last major breakdown level)
$21.54 (multi-month range resistance)
3. Long-Term Targets:
$29.38 – psychological level from previous cycle
$47.88 – historical supply zone
$62.48+ – potentially a multi-year bullish cycle if macro market turns risk-on
Watch for:
Bullish engulfing or hammer candle on the weekly
Breakout from descending structure with strong RSI divergence
Volume expansion above key resistances
📉 Bearish Scenario:
If the yellow support box fails:
Breakdown below $3.90 may signal continuation of macro downtrend.
Immediate bearish targets: $3.30 (2019 low), followed by price discovery below.
Invalidates the bullish reversal structure.
Could coincide with overall crypto market capitulation.
Risk Mitigation:
Use tight stop-loss below $3.90 if entering early
Scale into positions gradually (DCA) instead of full entries
🔥 Strategic Summary:
> “High-conviction zones are not found often — but this looks like one of them.”
With confluence of:
Historical demand zone
Psychological support
Pattern structure
Volume tapering near bottom
…this could be one of the last best accumulation zones for NEO if the market recovers over the next 6–12 months. A macro trend reversal could offer 4x–10x returns if history plays out once again.
📊 Resistance Levels to Watch:
$6.85
$9.10
$14.31
$21.54
$29.38
$47.88
$62.48
$115.28 (macro ATH level)
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