Market Overview for Neo/Tether (NEOUSDT) – October 31, 2025

• Price opened at $4.841 and closed at $4.977, forming a strong bullish trend.
• A key resistance is confirmed at $4.976 after a strong rejection and retest.
• Volume surged in late hours, with a 23,274.26 BTC turnover in the 2 AM–2:15 AM ET candle.
• RSI and MACD suggest strong positive momentum with potential overbought conditions.
• Bollinger Bands show a tight contraction early morning, followed by a breakout in the 4–6 AM window.

Neo/Tether (NEOUSDT) opened at $4.841 on October 30 at 12:00 ET and closed at $4.977 at the same time on October 31. The price ranged between $4.73 (low) and $5.021 (high) during the 24-hour window. Total volume traded was 597,487.45 BTC, with a notional turnover of $2,953,743. The pair showed a strong bullish bias, particularly in the early morning and late night hours.

Structure & Formations

NEOUSDT formed a bullish engulfing pattern during the 1:45–2:00 AM ET candle, which preceded a sharp upward move. A doji appeared at the $4.73 level, suggesting a potential support zone. The price found key resistance at $4.976, where it rejected and retested the level before closing near the high of the day. These patterns indicate a potential breakout or continuation phase ahead.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended upward during the period, reinforcing the bullish momentum. The 50-period MA acted as a dynamic support, holding the price above during the early morning volatility. The daily chart showed all moving averages (50, 100, 200) in a bullish alignment, with the 200-day MA at $4.80 providing a strong baseline.

MACD & RSI

The MACD remained in positive territory throughout the 24-hour period, with a recent bullish crossover signaling further upside. The RSI peaked above 65 near the $5.021 level, indicating potential overbought conditions. However, the RSI did not show signs of divergence, suggesting that the buying pressure remains intact.

Bollinger Bands

Bollinger Bands narrowed significantly between 3:00–5:00 AM ET, signaling a period of consolidation. This was followed by a breakout above the upper band during the 4:15–4:30 AM ET candle, confirming a volatility expansion and a potential continuation of the bullish trend. The price remained inside the upper half of the bands for most of the day, indicating a strong directional bias.

Volume & Turnover

Volume spiked during the 4:00–6:00 AM ET window, with the highest turnover at $2.96 million during the 4:00–4:15 AM candle. Price and volume moved in sync, with each higher high accompanied by a corresponding increase in volume. This validates the strength of the bullish move and increases the likelihood of a follow-through.

Fibonacci Retracements

On the 15-minute chart, the price tested the 61.8% Fibonacci retracement level at $4.965 before pushing higher. On the daily chart, the $4.977 level aligns with the 61.8% retracement of the recent downtrend from the October 25 high. A close above this level may trigger further gains toward $5.05.

Backtest Hypothesis

Given the strong RSI and MACD signals, a potential backtesting strategy could involve entering long positions when RSI crosses above 50 and MACD confirms with a bullish crossover. Stops could be placed below the nearest support level, and targets could be set using key Fibonacci levels such as 61.8% and 78.6%. If RSI remains within overbought territory and price continues to hold above key moving averages, this could validate the continuation of the bullish phase. However, traders should remain cautious of potential divergences or a rejection at $5.021 that may signal exhaustion.