NEO Climbs to $4.03 as Overhead Sell Wall Continues to Limit Upside
- NEO traded at $4.03, recording a 4.0% daily increase while holding $3.82 support.
- Price remained capped near $4.11, keeping activity confined within a narrow range.
- A sell wall persisted up to $4.425, shaping overhead market structure.
In the past session, NEO has been performing well as there is a consistent positive force in the technical structure. The token was traded at an exchange rate of 4.03 with 4.0% advancement within 24 hours. Trading was also within the existing support and resistance levels and the price movement was ordered.
Market attention stayed fixed on overhead liquidity, where selling interest continued to limit immediate expansion. This structure kept volatility contained while guiding short-term positioning.
Price Holds Above $3.82 as Range Tightens
Notably, NEO maintained support at $3.82, which held throughout the observed period. Price action remained confined within a 24-hour range capped near $4.11, preventing a clean extension beyond near-term resistance. However, the ability to stay above support preserved short-term structure.
As trading progressed, buyers continued to defend higher lows, keeping price aligned with the current upward sequence. This progression linked recent gains directly to defined intraday thresholds.
Sell Wall Up to $4.425 Shapes Near-Term Resistance Structure
However, overhead conditions remained clearly defined by a wall extending up to $4.425. This zone continued to act as a concentration of supply, limiting immediate follow-through beyond the upper range.
As price approached resistance, selling pressure increased, reinforcing the importance of this level. Consequently, market participants tracked interactions within this zone for directional clarity. This setup connected near-term resistance at $4.11 with broader overhead supply.
Bitcoin Pair Adds Relative Performance Context
Meanwhile, NEO traded at 0.00004315 BTC, recording a 3.1% increase against Bitcoin. This movement provided additional context to the dollar-based advance. However, the BTC gain did not alter the prevailing range structure. Instead, it reinforced relative strength while maintaining alignment with key resistance levels. As a result, cross-pair performance complemented, rather than replaced, dollar-denominated price signals.
