The NEO blockchain, typically dubbed the “Ethereum of China,” is among the many greatest gainers within the final 48 hours. The coin is up almost 15% in two days, reversing sharply from a key assist degree as consumers purpose to interrupt an area resistance degree. At this tempo, NEO crypto isn’t solely on the cusp of including to its two-day beneficial properties but additionally has a excessive risk of hovering by triple-digit beneficial properties, trending at ranges seen when the community dominated crypto.
Based mostly on Coingecko information, NEO crypto is agency. Though it’s down almost 3% within the final buying and selling month, the surge of the previous two days has reversed losses, pushing it again into inexperienced territory after two weeks. It’s up 10% within the final week of buying and selling and almost 12% previously two weeks. Nonetheless, it has but to totally reverse the losses of the previous yr, and it’s nonetheless down by over 30%.
(Supply: TradingView)
A have a look at the day by day chart factors to energy. If NEO crypto closes above $7 by the tip of at this time, there’s a excessive risk of costs breaking above July 2025 highs and $8. When this occurs, the coin could have shaken off sellers that dominated primarily in Q1 2025 earlier than the consolidation of the previous two quarters.
Ideally, this enlargement must be with rising buying and selling quantity, mirroring the final two buying and selling days. Such a breakout will present a strong basis for NEO crypto to spike by a minimum of 100%. In that occasion, it would rise above $14 and even retest December 2024 highs of round $26, outperforming high Solana meme cash.
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Will NEO Crypto Consumers Press On? Analysts Anticipate a 100% Pump
On X, enthusiasm round NEO crypto is excessive, explaining why it is without doubt one of the greatest cryptos to purchase. One analyst notes that NEO has efficiently damaged via a key resistance pattern line that had capped the coin for months.
This breakout, supported by above-average buying and selling quantity, is a bullish sign and, based on the analyst, a “large deal.” In his view, the coin is primed for a 100-110% enlargement within the coming days.
$NEOBreaking Symmetrical Triangle on Day by day Chart.profitable Breakout can lead 100-110% Rising in coming days
#NEO pic.twitter.com/1jlivG3QHw
— Globe Of Crypto (@GlobeOfcrypto1) August 21, 2025
In the meantime, one other dealer added that NEO crypto is at present making an attempt to reclaim a long-term assist zone at round $7. If profitable, the coin may soar to $30 and $35 within the coming weeks and months.
#NEO It seems to be good, the value is making an attempt to return to the long-term assist zone, which is the block at 7$! After that, I count on a restoration to the desired space, with a value vary of 30-35$ for the pattern line! $NEO pic.twitter.com/Xfj7qt41ij
— Crypto Dream (@_Crypto_Dream) August 21, 2025
It stays to be seen whether or not NEO crypto will break larger and free itself from the shackles of bears. If it does, it may rise larger, because it did in 2021, when the community and coin capitalized on broader market enthusiasm. The bottom seems agency.
Presently, Ethereum is regular, absorbing promoting stress and buying and selling above $4,300. It almost broke 2021 highs, a time when NEO crypto was additionally regular and rallying strongly.
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China Plans to Launch a Yuan-Backed Stablecoin
Moreover, NEO seems to be using the wave of renewed curiosity in sensible contract platforms. In line with reviews, China’s State Council will overview a roadmap by the tip of the month that would see the Asian financial powerhouse launch yuan-backed stablecoins, selling international adoption of its foreign money.
This choice marks a drastic reversal of China’s stance on crypto, boosting China-based sensible contract platforms, together with NEO crypto. Mining and buying and selling had been banned in 2021 over considerations that non-public digital property would destabilize its foreign money. A examine session with the nation’s senior management is reportedly scheduled for the approaching weeks, setting the tone for stablecoin improvement.
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China’s ambition to raise the yuan to the standing of a world reserve foreign money, just like the USD or the Euro, makes its pivot to launch a yuan-backed stablecoin strategic. The US has already handed the GENIUS Act into legislation, selling corporations to launch USD-backed stablecoins so long as the underlying safety contains USD money deposits or Treasuries.
The GENIUS Act is predicted to spur the expansion of USD-backed stablecoins, present authorized readability, and fast-track institutional adoption, strengthening the USD’s dominance within the international crypto market. China seems eager to counterbalance this affect, and as soon as the yuan-backed stablecoin launches, it’s going to additionally facilitate worldwide commerce and remittance.
Nevertheless, some analysts warn that as a consequence of China’s stance on crypto, even the yuan-backed stablecoin might face limits, capping its scalability in international markets.
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NEO Crypto Can 2X After China Yuan Stablecoin Information
NEO up 14% in 48 hours, reversing losses
Analysts count on a 100-110% surge, focusing on $14
China’s plan for a yuan-backed stablecoin
China is countering the USD’s affect following the GENIUS Act passage
The submit NEO Crypto Leads Chinese language Cash After Main Announcement: Time for a 100% Pump? appeared first on 99Bitcoins.
