Market Overview: Neo/Tether (NEOUSDT) 24-Hour Technical Summary

Summary
• Price tested $3.807 as key support and bounced toward $3.846, forming a bullish recovery pattern.
• Volume surged during the $3.80–3.84 range, confirming price consolidation.
• RSI and MACD indicate moderate momentum with no clear overbought or oversold signals.
• Bollinger Bands widened during the $3.80–3.84 move, suggesting rising volatility.

Neo/Tether (NEOUSDT) opened at $3.866 on 2026-01-15 at 12:00 ET, reached a high of $3.903 and a low of $3.745, and closed at $3.795 on 2026-01-16 at 12:00 ET. Total 24-hour volume was 264,337.28, with a notional turnover of $1,038,303.04.

Structure and Candlestick Patterns

Price formed a bearish engulfing pattern around $3.866–3.868, followed by a bullish reversal pattern near $3.807. A doji formed at $3.825, suggesting indecision amid the consolidation phase.

Moving Averages

On the 5-minute chart, the 20-period MA showed price retesting the 50-period MA in the $3.81–3.84 range. On the daily chart, price remained above the 50-period MA but below the 100-period MA, indicating mixed near-term sentiment.

MACD and RSI

The MACD line crossed above the signal line near $3.82–3.84, signaling a potential short-term bullish bias. RSI moved between 40 and 60, avoiding overbought or oversold territory and suggesting balanced momentum.

Bollinger Bands

Price oscillated within the expanding Bollinger Bands between $3.75 and $3.90, with a period of volatility contraction observed around $3.825.

Volume and Turnover

Volume spiked during the $3.80–3.84 range and confirmed price consolidation. Turnover surged with the $3.835–3.786 move, indicating active participation during the bearish phase.

Fibonacci Retracements

The $3.807 level aligned with the 61.8% Fibonacci retracement of a recent 5-minute swing, offering strong short-term support. The 38.2% retracement level at $3.855 acted as resistance earlier in the session.

Looking ahead, the next 24 hours may see continued sideways consolidation or a breakout from the $3.75–3.85 range, depending on broader market sentiment and liquidity at key levels. Investors should watch for divergences in RSI and volume spikes to confirm directional bias.