Market Overview for Neo/Tether (NEOUSDT) as of 2026-01-17

Summary
• NEOUSDT rose from 3.795 to 4.010 with a bullish breakout above 4.00.
• Volume increased significantly in the afternoon with strong buying pressure.
• RSI approached overbought territory, suggesting potential near-term consolidation.
• Bollinger Bands showed a recent widening, indicating rising volatility.
• A potential resistance cluster formed around 4.06–4.08.

Neo/Tether (NEOUSDT) traded between 3.795 and 4.096 over the past 24 hours, closing at 4.010 from an open of 3.795 at 12:00 ET−1. Total volume reached 206,069.5 units, and notional turnover amounted to ~$843,097.60 at the 24-hour peak.

Structure & Formations

The price of NEOUSDT broke above a prior resistance cluster at 4.00–4.01 with a strong bullish continuation from 12:00 ET onward. A key support level emerged at 3.98–3.99, which held during pullbacks, confirming its relevance. A bearish engulfing pattern briefly formed at 4.096–4.067 but failed to reverse the trend.

A potential new resistance cluster appears to be forming around 4.06–4.08 based on recent rejection and consolidation.

Moving Averages and Momentum

Short-term moving averages (20/50) on the 5-minute chart indicate bullish momentum with the price consistently above both. The daily chart shows NEOUSDT above its 50- and 100-period moving averages, suggesting a longer-term uptrend. MACD remained in positive territory, confirming bullish momentum, though the histogram showed some flattening, which may indicate a near-term pause in upward pressure. RSI approached 70 during the afternoon, signaling overbought conditions that may lead to a pullback or consolidation.

Bollinger Bands and Volatility

Volatility increased significantly in the morning, as seen by a widening of the Bollinger Bands following a sharp rally from 3.90 to 4.03. Price action spent the afternoon fluctuating within the upper band, indicating strong bullish conviction. The recent contraction in the bands late in the session may hint at a potential reversal or a pause in the current trend.

Volume and Turnover

Volume surged after 15:00 ET, particularly during a strong rally from 4.08 to 4.096, confirming bullish sentiment. Notional turnover also increased sharply during this period, suggesting significant participation from large and institutional players. There were no significant divergences between price and volume, which supports the idea of a healthy rally.

Fibonacci Retracements

Key Fibonacci retracement levels based on the recent 5-minute swing (3.90–4.096) suggest a possible pause around the 61.8% level at 4.02. The 50% retracement at 4.00 appears to have been a psychological turning point earlier in the session. On the daily chart, the 38.2% retracement level at 3.94 appears to be a strong short-term support if the price retests it.

The market appears to be in a strong short-to-medium-term bullish phase, with increasing participation and consolidation near key resistance levels. While the trend remains intact, traders should watch for potential pullbacks or consolidation as RSI approaches overbought levels. A move above 4.06–4.08 could signal further upside potential, but caution is warranted ahead of the next 24 hours due to the risk of a temporary reversal or profit-taking.