Market Overview for Neo/Tether (NEOUSDT)

Summary
• Price action shows a bullish rebound from a key support at $4.08, with a 61.8% Fibonacci level at $4.127 acting as resistance.
• Volume increased sharply during the rally, with turnover confirming upward momentum post 03:00 ET.
• RSI indicates moderate overbought conditions, while Bollinger Bands show widening volatility as the price moves higher.

Neo/Tether (NEOUSDT) opened at $4.051 on 2025-12-07 at 12:00 ET, reached a high of $4.173, a low of $3.994, and closed at $4.129 as of 12:00 ET on 2025-12-08. Total volume was 334,710.39, with a notional turnover of $1,366,296.66 over the 24-hour window.

Structure and Key Levels

Price tested and rebounded from a critical support zone near $4.08, with a 61.8% Fibonacci retracement at $4.127 offering resistance. A strong bullish engulfing pattern formed around 03:00 ET, signaling a potential reversal. A 50-period EMA on the 5-minute chart acted as a dynamic support, confirming the upward bias.

Momentum and Volatility

The RSI climbed into overbought territory after the breakout, hovering near 68–70, suggesting potential pullbacks. Bollinger Bands widened as the price moved higher, indicating rising volatility. MACD remained positive, with a growing histogram confirming sustained momentum.

Volume and Turnover

Volume surged during the rally, with the highest turnover recorded at $4.165. A divergence was noted between price and turnover after 15:00 ET, hinting at potential exhaustion. The 24-hour volume profile supports the view that institutional participation increased during the upward move.

NEOUSDT appears to have established a short-term bullish trend, with $4.127 acting as a key resistance. A break above this level could target $4.165–$4.173, while a retest of $4.08 remains a critical support. Traders should remain cautious of potential overbought conditions and watch for divergence in volume.