NEO Co-Founder Takes Control of Mainnet to Drive Long-Term Growth
- Governance Restructuring: NEO co-founder Erik Zhang announced his full control over the mainnet management to uphold the fundamental rights of NEO and GAS holders, aiming to enhance community trust through transparent governance.
- Asset Transparency Issues: Zhang highlighted that a significant portion of the Neo Foundation's assets is publicly distributed via a multi-signature wallet with 21 initial validator addresses, yet a large amount of BTC, ETH, and other assets remain in a 'black box' without verifiable financial statements or independent audits, undermining community confidence in the foundation.
- Technical Roadmap Advancement: Zhang mentioned that the design and research for Neo 4 are actively underway, indicating the company's acceleration in areas such as ecosystem development, international collaborations, and cross-chain interoperability, which aims to enhance NEO's market competitiveness.
- Short-Term Tensions: Despite the public accusations between the founders, Zhang believes that this tension is temporary and urges the community to focus on NEO's long-term growth and sustainable development, emphasizing the importance of strategic direction.
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Technical Analysis for NEO
Technical Sentiment Analysis for Neo (NEO) As of , Neo (NEO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for NEO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, NEO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Neo (NEO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.511 | 1.963 | 2.495 | 2.947 | 3.479 | 3.931 | 4.463 |
| Fibonacci | 1.963 | 2.339 | 2.572 | 2.947 | 3.323 | 3.556 | 3.931 |
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