Date: Mon, Aug 25, 2025 | 05:55 AM GMT
The cryptocurrency market is facing fresh volatility as Bitcoin (BTC) retraced to $112K from its 24-hour high of $115K, while Ethereum (ETH) slipped by 1.50%, adding downside pressure across major altcoins.
However, Neo (NEO) stood out, surging by an impressive 16% today and extending its weekly rally to 34%. More importantly, NEO’s price chart is flashing a bullish setup that bears a striking resemblance to the breakout structure recently seen in Bio Protocol (BIO).
NEO Mirrors BIO’s Breakout Structure
BIO’s recent move provides a textbook fractal example of how bullish reversals can unfold. After forming a falling wedge — a classic reversal formation — BIO consolidated beneath its 100-day moving average and red resistance zone before reclaiming the 200-day MA and igniting a parabolic rally of more than +300%.
NEO now appears to be following a similar path.
The token has successfully broken out of its falling wedge pattern, reclaimed both the 100-day and 200-day moving averages, and established a support base around the $8.0 red zone. Currently trading at $8.19, NEO is showing encouraging structural strength as buyers defend this breakout level.
What’s Next for NEO?
If the fractal continues to unfold, holding above the $8.0 support could serve as the launchpad for the next leg higher. The next significant resistance zones lie near $11.41 and $15.42, representing a potential 88% upside from current levels.
That said, traders should exercise caution. A breakdown back below the red zone could invalidate the bullish setup, potentially dragging NEO into a prolonged consolidation phase.
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