Technical analysis by CryptoNuclear about Symbol NEO: Buy recommendation (7/7/2025)

🧾 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 crashMid-2019 correctionAnd 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-onWatch for:Bullish engulfing or hammer candle on the weeklyBreakout from descending structure with strong RSI divergenceVolume 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 earlyScale 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 zonePsychological supportPattern structureVolume 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)#NEOUSDT #NEOTechnicalAnalysis #CryptoReversal #BullishCrypto #NEOAccumulation #AltcoinBreakout #NEOPricePrediction #WeeklyCryptoAnalysis #SupportAndResistance #NEOChart #DoubleBottomPattern