Market Overview for Neo/Tether (NEOUSDT) – 24-Hour Summary as of 2025-11-12

• Price dropped from $5.36 to $4.95 amid strong bearish momentum
• RSI and MACD suggest oversold conditions with potential for short-term bounce
• Volatility spiked during sell-off but has since contracted, hinting at consolidation
• Key support near $4.93–$4.95 tested, resistance at $5.07–$5.10 remains critical

NEOUSDT opened at $5.307 on 2025-11-11 at 12:00 ET and closed at $4.951 on 2025-11-12 at 12:00 ET, with a high of $5.381 and a low of $4.938. Total volume over the 24-hour period was 545,928.01 NEU, and notional turnover was approximately $2,650,826. The pair has shown a strong bearish bias with increasing bearish conviction in the latter half of the session.

Structure & Formations

The price action over the past 24 hours has shown a clear bearish trend, marked by a series of lower highs and lower lows. A key support level appears to be forming around $4.93–$4.95, tested during the 16:00–17:00 ET window. On the 15-minute chart, a bearish engulfing pattern was observed at the $5.30–$5.34 level, confirming a shift in sentiment. Several doji patterns have also emerged near the $5.07 and $5.15 levels, suggesting indecision and possible turning points.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA have crossed below the price, reinforcing the bearish momentum. The 20SMA has acted as a dynamic resistance, while the 50SMA has been a key support level in the $5.07–$5.10 range. On the daily chart, the 50DMA has crossed below the 100DMA, and the 200DMA has not been tested yet but is expected to offer further resistance if the price retraces. The overall picture suggests the pair remains in a bearish trend with short-term corrective potential.

MACD & RSI

The MACD has been negative throughout the session, with the histogram shrinking toward the end of the 16:00–17:00 ET window, indicating a slowdown in bearish momentum. The signal line has crossed the histogram from below, suggesting a potential short-term correction is in play. RSI has been in oversold territory since the $4.95 level was breached, hovering around 25–30, which could indicate the pair is due for a rebound. However, RSI remains below key overbought levels, suggesting the broader bearish trend is intact.

Bollinger Bands

Bollinger Bands have widened significantly as the price dropped from $5.36 to $4.938, indicating rising volatility. Price has closed near the lower band for several consecutive periods, suggesting oversold conditions. However, the bands have started to contract in the final hours, hinting at a potential period of consolidation or a short-term bounce. A move back toward the mid-band ($5.07–$5.10) would need to see volume and momentum confirmation to be meaningful.

Volume & Turnover

Volume spiked sharply during the initial bearish phase from $5.38 to $5.08, with a large block of $58,249.57 in the 16:15 ET hour. Turnover also rose dramatically, peaking at $290,638 in the same hour. However, volume has declined sharply in the final hours, suggesting bearish exhaustion. The recent divergence between falling price and declining volume indicates that the bearish move may be nearing a near-term endpoint. A rise in volume on a rebound would confirm bullish conviction.

Fibonacci Retracements

Key Fibonacci levels from the recent $5.381 high to the $4.938 low suggest a 38.2% retracement at $5.13, and a 61.8% retracement at $5.23. Price has bounced near the 38.2% level in the 09:00–10:00 ET window, indicating it could serve as short-term support. A break above $5.23 would suggest a stronger bullish reversal is in play. On the 15-minute chart, the 38.2% level has been tested multiple times, showing its psychological importance.

Backtest Hypothesis

The RSI-based backtesting strategy outlined is relevant to the current situation, as RSI has recently entered oversold territory and may offer a potential entry signal. However, the current data source does not recognize the “NEOUSDT” ticker for RSI retrieval. To proceed with the backtest, we would need a verified ticker symbol—such as “NEO/USDT” on Binance or another recognized exchange. Once RSI data is retrieved, we can analyze the historical performance of RSI-oversold entries over a three-day hold period from 2022–01–01 to today, and assess its efficacy for this asset. Confirming this symbol will allow us to generate a performance report with insights into potential trade signals and profitability under the outlined conditions.