Market Overview: Neo/Tether (NEOUSDT) on 2026-01-04

Summary
• Price tested and held above 3.80 as key support, with bullish momentum rising after 06:00 ET.
• RSI crossed into overbought territory, while MACD turned positive, confirming upward momentum.
• Volatility expanded during the overnight session, with Bollinger Bands widening and price near the upper band.
• Volume increased sharply during the final 6 hours, confirming the bullish breakout.
• Fibonacci retracement suggests potential resistance near 3.87–3.88 as the rally continues.

Neo/Tether (NEOUSDT) opened at $3.783 at 12:00 ET − 1 and traded in a range before surging to a high of $3.905 and finding support near $3.762, closing at $3.905 as of 12:00 ET. The 24-hour volume amounted to 96,622.99 and turnover reached 359,343.83.

Structure & Candlestick Patterns

Price held above the critical 3.80 support level, with a bullish breakout confirmed by a long white candle and a strong engulfing pattern forming after 06:00 ET. A small bearish doji appeared near 04:45 ET but failed to reverse the upward trend.

Trend and Momentum

MACD turned positive during the morning session, signaling growing bullish momentum. RSI approached overbought territory (70+), suggesting exhaustion near the 3.90–3.91 range. The 20-period EMA crossed above the 50-period EMA on the 5-minute chart, reinforcing the bullish bias.

Volatility and Bollinger Bands

Volatility expanded during the overnight session, with Bollinger Bands widening and price reaching the upper band. This suggests a period of heightened buying pressure, with the channel likely to remain wide in the near term.

Volume and Turnover

Volume surged sharply during the final 6 hours of the 24-hour period, confirming the breakout above 3.85. Notional turnover also spiked, aligning with the price move and indicating strong conviction among buyers.

Fibonacci Retracements

Fibonacci levels show 3.87 (61.8%) and 3.88 (78.6%) as potential resistance zones for the current rally. A pullback to 3.85–3.86 is a likely target if a correction emerges.

Neo/Tether appears poised to test key resistance levels in the coming session, with rising volume and momentum supporting a continuation. However, a reversal near overbought RSI and the 3.90 level could trigger profit-taking and a short-term consolidation.