š$NEO
NEO Update: N3 & Binance Migration Risks
Key Event: Binance is ceasing support for Neo Legacy deposits/withdrawals on Dec 12, forcing final migration to the new Neo N3 chain.
Price Action (TA):
* Near-Term Pressure: NEO has recently been under pressure, with multiple technical indicators showing a "Sell" signal (RSI sub-50, trading below key MAs).
* Key Levels: Price is currently hovering near a major multi-year support/demand zone around $4.00 - $4.50.
* Watch: A clean break above the $6.85 resistance would signal a bullish reversal and a move toward the $10-$12 target. Failing to hold the $3.90 support could risk a retest of lows.
Outlook: The platform's long-term health is boosted by the N3 upgrade (faster TPS, lower fees, anti-MEV), but the final legacy migration deadline poses short-term liquidation risks. High volatility expected near Dec 12.
D.Y.O.R. Not financial advice.
Character Count (approx.): ~500 characters, which is brief enough for most micro-blogging platforms.
Would you like me to find the latest updates on $GAS (the NEO network fee token) as well?
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