Market Overview for Neo/Tether (NEOUSDT): Bullish Momentum and Key Levels in Focus

Summary
• Price rebounded off key support at $3.512–3.525 before testing prior resistance.
• Momentum improved after 16:00 ET, with RSI showing a 50–60 uptrend.
• Volatility expanded during midday decline, peaking at 3.658 before consolidating.
• On-balance volume surged during rally from $3.595 to $3.615, confirming strength.
• Fibonacci retracement levels at $3.603 and $3.588 acted as dynamic support/resistance.

At 12:00 ET on 2025-12-20, Neo/Tether (NEOUSDT) opened at $3.58, hit a high of $3.658, a low of $3.512, and closed at $3.609. Total volume across the 24-hour window was approximately 329,528.69, with a notional turnover of around $1,193,428. Price action suggests a potential bullish shift as key resistance levels were tested and retested without immediate breakdown.

Structure & Formations

Price found a crucial support base between $3.512 and $3.525, followed by a strong rebound toward $3.595–$3.615. A bullish engulfing pattern emerged around $3.585–$3.605, indicating buyers stepping in after a sharp decline. A doji near $3.615 later in the day may suggest short-term indecision.

Moving Averages

On the 5-minute chart, the price has largely traded above the 20 and 50-period moving averages since rebounding from the $3.525 level. This suggests short-term bullish momentum. On a daily timeframe, the 50-period MA sits near $3.600, with price currently aligning closely, suggesting a potential turning point or consolidation phase.

MACD & RSI

The MACD turned positive and showed increasing divergence in the late hours, supporting bullish momentum. RSI climbed from the mid-40s to the 55–60 range after 16:00 ET, indicating a shift from neutral to mildly overbought conditions, though not extreme. This suggests buying interest remains active.

Bollinger Bands

Volatility expanded during the midday dip, with the upper band reaching $3.658 and the lower band dipping to $3.525. Price later re-entered the middle of the bands as consolidation set in. The expansion suggests a potential continuation of directional movement if a clear breakout emerges.

Volume & Turnover

Volume surged during the $3.585–$3.615 rally, particularly between 08:30 and 09:30 ET, with a total volume of around 19,831.84 and a turnover of nearly $7.1 million in that hour alone. The price and turnover moved in alignment, reinforcing the bullish narrative.

Fibonacci Retracements

The $3.512–$3.658 move saw a 61.8% retracement at $3.603, which was a key level of support. Price also found resistance at the 38.2% level of $3.588 during the consolidation phase. These levels continue to play a role in the near-term structure.

Looking ahead, a break above $3.628 could signal a resumption of the bullish trend, with the next target potentially at $3.658. However, a pullback below $3.603 or $3.588 may trigger renewed selling. Investors should remain cautious of short-term volatility and potential consolidation.