Market Overview for Neo/Tether (NEOUSDT) – 2026-01-11

Summary
• Price tested key resistance at 3.99–4.00 before retracing to 3.92–3.95 support.
• Volume spiked at 3.993 (61.8% Fib) and at 3.926 (major support), confirming pivot levels.
• RSI showed overbought conditions in early morning, followed by bearish divergence.
• Bollinger Bands showed moderate expansion, with price hovering near the lower band.
• A bullish engulfing pattern emerged at 3.94–3.95, hinting at potential short-term recovery.

Neo/Tether (NEOUSDT) opened at 3.949 on 2026-01-10 at 12:00 ET and reached a high of 4.0 before falling to a low of 3.911. The price closed at 3.942 as of 12:00 ET on 2026-01-11. Total volume for the 24-hour period was 94,685.95, with a notional turnover of 360,519.13.

Structure & Formations

Price showed a clear struggle between 3.99 and 4.00, with a strong rejection at 4.00 and a pullback into 3.92–3.95 support. A bullish engulfing pattern formed at 3.94–3.95, suggesting buying interest. A doji appeared at 3.997, signaling indecision. Key resistance appears at 3.99–4.00 and support at 3.926–3.95.

Moving Averages

On the 5-minute chart, price spent much of the day below the 20 and 50-period moving averages, indicating a bearish bias. On the daily chart, NEOUSDT remains below the 50, 100, and 200-period moving averages, suggesting continued bearish momentum.

MACD & RSI

The MACD turned bearish in the latter half of the day, with a negative crossover and declining histogram. RSI peaked at overbought levels early in the morning, followed by bearish divergence, indicating weakening momentum.

Bollinger Bands

Bollinger Bands expanded during the price drop from 3.99 to 3.92, signaling increased volatility. Price closed near the lower band, suggesting potential for a mean reversion to the midline.

Volume & Turnover

Volume spiked significantly at 3.993 and again at 3.926, confirming key Fibonacci levels. Turnover aligned with these volume surges, reinforcing the strength of these levels. A price-volume divergence appeared in the 3.94–3.95 range, suggesting caution ahead.

Fibonacci Retracements

Price found support at the 61.8% Fib level at 3.926 and tested resistance at 3.99–4.00. A potential retracement target for the next rally may be 3.96–3.97 (38.2% Fib).

NEOUSDT appears poised for a potential short-term rebound from key support, but bearish momentum remains intact. Investors may watch the 3.95–3.97 range for confirmation of a recovery. However, a break below 3.926 could extend the correction. As always, position size and stop levels should be carefully managed amid volatile conditions.