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  • NEO breaks out on the chart.
  • Confirmation still pending.

NEO, the crypto that lost more than 90 percent of price from the peak, has given a small breakout on the short term chart, although it still need a confirmation – by crossing past certain levels to sustain this breakout.

NEO/USD is down half a percent on day at $16.215 but  trading in even lesser range for the day. On the 180-minute chart, NEO gave a faling wedge breakout, late on Thursday and managed to rally a bit after the breakout.

But it still needs to cross past the congestion zone of $16-$16.5. A crossover of this zone would take it to the targets of $18.20-$18.50 in quick time.

NEO/USD 180-minute chart: