NEO has broken below its symmetrical triangle pattern, signaling a bearish shift as sellers take control. The cryptocurrency failed to hold above the descending trendline and the 9-day EMA, leading to a drop below the rising support trendline. Currently, NEO is trading under the 50-day SMA, with key support at $4.59 and resistance at $4.81. Traders are closely watching the $4.40–$4.30 zone for further price action as the breakdown continues. The breach of the rising support marks a significant shift, turning the former trendline into a resistance level. This development suggests increased selling pressure, with momentum likely to test lower support levels.