Market Overview for Neo/Tether (NEOUSDT)

Summary
• Price dipped to $3.558 before rebounding to close near $3.577, forming a bullish recovery pattern.
• Volatility expanded in early ET hours, with volume spiking over 15,000 during key bounces.
• RSI suggests moderate momentum, but a 61.8% Fibonacci level at $3.613 may hinder further upside.
• Bollinger Bands tightened during consolidation, hinting at a potential breakout attempt.
• MACD remains bearish, but divergence in price and volume suggests possible short-term reversal.

Neo/Tether (NEOUSDT) opened at $3.617 on 2025-12-17 at 12:00 ET, traded as high as $3.686 and as low as $3.558, and closed at $3.577 by 12:00 ET on 2025-12-18. Total volume over the 24-hour period was 199,274.15 with a notional turnover of $661,304. The price action reflects a volatile session with a clear intra-day recovery.

Structure & Formations

Price action formed a notable bullish recovery pattern after hitting a 24-hour low of $3.558, rebounding with a series of higher lows and a 5-minute bullish engulfing pattern between 07:00 and 07:15 ET. Key support levels were tested around $3.558 and $3.584, while resistance at $3.613–$3.634 appears to contain further upside.

Moving Averages

Short-term moving averages on the 5-minute chart (20/50) show a bearish crossover into a recovery phase, with price crossing above the 50-line in the final hours of the session. On the daily chart, the 50-period MA sits near $3.60, with the 200-period MA at $3.63, suggesting a neutral-to-bullish bias for the short term.

MACD & RSI

MACD remains bearish with a weak positive crossover in the final hours, indicating a tentative shift in momentum. RSI recovered to 50 from below 30, suggesting oversold conditions may be easing. However, momentum remains constrained by bearish divergence on the MACD histogram, hinting at a possible retest of key support.

Bollinger Bands

Bollinger Bands narrowed significantly during the consolidation phase between 05:00 and 07:00 ET, signaling a potential breakout. Price tested the upper band twice in the late ET hours but failed to close above it, suggesting continued volatility but limited directional bias.

Volume & Turnover

Volume spiked over 15,000 during the recovery from the $3.558 low, with strong notional turnover confirming the bullish rebound. However, volume declined during the final consolidation phase, indicating potential exhaustion. Divergence in the volume profile suggests caution around a continuation of the upward move.

Fibonacci Retracements

The 61.8% Fibonacci retracement level at $3.613 appears to be the next major hurdle for NEOUSDT, with price failing to close above it in the final hours. On the daily chart, the 38.2% retracement from the recent high sits at $3.62, which may serve as a short-term pivot point.

The market appears to be poised for a potential test of key resistance levels as buyers step in after the dip. However, bearish momentum indicators and a lack of decisive volume suggest the rally could face resistance. Traders should monitor the $3.613–$3.634 range closely, with the risk of a pullback if momentum stalls.