40% Overnight Surge: NEO price experiences a dramatic 40% increase overnight, breaking past the $20 mark. Rising Channel Breakout: The bullish momentum leads to a breakout from a rising channel pattern on the daily chart. Volume Spike: A remarkable 4000% spike in trading volume underscores the significant interest and demand for NEO. Pre-Halving Rally Contribution: The pre-halving rally in the crypto sector contributes to NEO's impressive performance. Market Cap Milestone: NEO's market cap approaches $1.50 billion, emphasizing its growth and potential. Bullish Engulfing Candle: A massive bullish engulfing candle on the daily chart signals strong buying pressure. Current Trading Position: Despite a 4% intraday drop, NEO trades at $20.89, indicating a retest/pullback phase. Sustaining Key Levels: To continue its uptrend, NEO needs to maintain its stance above the $20 psychological barrier. Fibonacci Levels and Targets: Breaking past the $22 mark could pave the way for NEO to reach the $30 target this week. Blue Sky Zone Entry: The channel breakout positions NEO to potentially enter uncharted territory in terms of price.
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