Technical analysis by fsallnet about Symbol NEO: Buy recommendation (11/19/2024)

While Trump is preparing to play a significant role in the US crypto market during his presidency, China is also looking for an opportunity to enter the stage. At this point, NEO's resurgence and rising from its ashes seems possible. Right now could be a very suitable time to evaluate this potential and take a position on the chart.Technical Analysis:- Strong accumulation phase- Bullish divergence forming- Historical support levels intact- Volume profile suggests smart money entryPrice Prediction: NEO could surge to $360 when China re-enters the crypto space in 2025.NEO is a project that stands out not just against many others but also deserves to be recognized beyond the hype of meme coins. Additionally, with a strong Chinese narrative on the rise, NEO is likely to gain even more attention. China will not leave this market solely to the U.S., and with its renewed focus, NEO could once again reclaim its position among the top players. If this scenario unfolds, we could see a new all-time high for NEO, potentially reaching around $360* If you find these predictions outrageous, just take a look at how SOL rebounded from its $7 low after the FTX crash to reach $240 again. This market operates exactly like that — first, it crashes hard, then it revives even stronger.Two days ago, I shared my opinions on this matter, and today, news has emerged from China. A judge at the Shanghai Court in China has ruled that cryptocurrencies qualify as property, and therefore, owning them is legal. The court issued a statement declaring that personal ownership of cryptocurrencies does not violate Chinese law. NEO, Paving the Way for Favorable Conditions. This news stream sets the stage for positive developments. By 2025, we anticipate China taking more significant steps, creating an environment where a Neo rally could unfold.