NEO price rises, open interest soars, but funding rate drop signals caution

NEO price momentum pushed the token past $8.30 earlier today before a slight ￰0￱ the pullback, the token price now hovers in the upper $7 range, with alternating red and green ￰1￱ 24-hour range stretches from $7.29 to $8.49. with a seven-day range of between $5.85 and $8.35. Open interest climbs to yearly highs NEO’s derivatives activity has also risen markedly alongside spot ￰2￱ to Coinglass data , the NEO futures open interest sits at about $54.51 million, and combined derivatives open interest recently touched roughly $59.4 million across platforms.