The NEO blockchain, typically dubbed the “Ethereum of China,” is among the many largest gainers within the final 48 hours. The coin is up almost 15% in two days, reversing sharply from a key help stage as consumers goal to interrupt a neighborhood resistance stage. At this tempo, NEO crypto just isn’t solely on the cusp of including to its two-day features but additionally has a excessive risk of hovering by triple-digit features, trending at ranges seen when the community dominated crypto.
Primarily based on Coingecko knowledge, 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 12 months, and it’s nonetheless down by over 30%.
(Supply: TradingView)
A have a look at the every day chart factors to power. If NEO crypto closes above $7 by the tip of at the moment, there’s a excessive risk of costs breaking above July 2025 highs and $8. When this occurs, the coin can have shaken off sellers that dominated primarily in Q1 2025 earlier than the consolidation of the previous two quarters.
Ideally, this growth 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’d rise above $14 and even retest December 2024 highs of round $26, outperforming high Solana meme cash.
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Will NEO Crypto Patrons Press On? Analysts Anticipate a 100% Pump
On X, enthusiasm round NEO crypto is excessive, explaining why it is without doubt one of the finest cryptos to purchase. One analyst notes that NEO has efficiently damaged by 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, in response to the analyst, a “huge deal.” In his view, the coin is primed for a 100-110% growth within the coming days.
$NEOBreaking Symmetrical Triangle on Each 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 help zone at round $7. If profitable, the coin may soar to $30 and $35 within the coming weeks and months.
#NEO It appears good, the value is attempting to return to the long-term help zone, which is the block at 7$! After that, I count on a restoration to the desired space, with a worth 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 increased and free itself from the shackles of bears. If it does, it may rise increased, 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 driving the wave of renewed curiosity in good contract platforms. In line with reviews, China’s State Council will assessment a roadmap by the tip of the month that might 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 good contract platforms, together with NEO crypto. Mining and buying and selling have 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 growth.
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China’s ambition to raise the yuan to the standing of a worldwide reserve foreign money, much like the USD or the Euro, makes its pivot to launch a yuan-backed stablecoin strategic. America has already handed the GENIUS Act into legislation, selling corporations to launch USD-backed stablecoins so long as the underlying safety consists of 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 would additionally facilitate worldwide commerce and remittance.
Nevertheless, some analysts warn that as a result of China’s stance on crypto, even the yuan-backed stablecoin could 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, concentrating on $14
China’s plan for a yuan-backed stablecoin
China is countering the USD’s affect following the GENIUS Act passage
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