NEO -535.71% in 1 Month Amid Technical and Market Downturn

On SEP 6 2025, the cryptocurrency NEO experienced a dramatic decline, dropping by 100.19% within 24 hours to trade at $0.00005878. Over the past seven days, the asset fell by 106.91%, marking one of the sharpest short-term declines in its history. The one-month drop reached 535.71%, and the one-year performance was even more severe at 5968.19%. This significant depreciation reflects a broader bearish trend in the market, with limited signs of reversal in the near term.

The decline in NEO’s price has been supported by several technical indicators suggesting continued downward pressure. On-chain data reveals a sharp reduction in active wallet addresses and a significant drop in the number of transactions involving large transfers, signaling reduced institutional and retail interest. The token has also broken through key support levels, triggering further selling as traders and investors react to the deteriorating fundamentals. The Relative Strength Index (RSI) has entered oversold territory, but with no meaningful buying pressure to drive a rebound, the RSI remains a misleading signal in this bearish environment.

Analysts project that the price may continue to consolidate near current levels in the coming weeks before testing the next critical support. With a lack of catalysts—such as major upgrades, regulatory clarity, or macroeconomic shifts—driving investor sentiment, the near-term outlook remains cautiously bearish. The market appears to be in a consolidation phase, with traders waiting for signs of either a reversal or further deterioration.