China's Ethereum skips the fall: In the race for the leadership!

Neo (NEO), which is called China's Ethereum, ended its silence and made a sharp rise.
Neo (NEO), which is called China's Ethereum, ended its silence and made a sharp rise.
Neo (NEO), one of the stars of the 2021 Bull, has been in the background for a while despite the rise of the market. The NEO, which was forgotten due to the prominence of fresh projects and the emergence of new trends, reminded itself with its latest move. The coin, which managed to increase by 7.34 percent against Bitcoin's (BTC) retreat to $ 43,000, took the second place in the "Top Riders" list.
Sellers are starting to show their influence!
The NEO, which exploded from $10.80 and climbed to $12.50 in a short time, could not withstand the selling pressure and eased to lower levels. The NEO, which is trading at $11.71, could make a move to $12.90 – $13.76 and $14.90, respectively, if it breaks $12 in volume and sustains above it. News from within the ecosystem will play a critical role in this process.

Factors such as increasing tension as the Fed interest rate decision approaches, the increase in BTC dominance, or the NEO's continued pricing below $ 12 will strengthen the hand of sellers. In such a scenario, a reaction from $10.75 can be expected first. If the downward movement continues, there may be a decline towards $9.68 and $8.67. In addition, daily closes below $8.67 will herald a new bearish process.
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