Market Overview: Neo/Tether (NEOUSDT) Daily Price Action and Volatility

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Wednesday, Dec 10, 2025 1:00 pm ET1min read
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USDT
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NEO
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Aime RobotAime Summary

- NEO/USDT formed a bearish engulfing pattern at $4.36–4.38, breaking down to $4.24–4.25 support levels.

- RSI hit oversold levels below 30 twice, while Bollinger Bands tightened before a sharp downward breakout.

- Late-session volume surged after 16:30 ET, confirming the breakdown with $714k notional turnover.

- Price may test $4.20–4.22 next, but bearish momentum and high downside volume suggest further consolidation.

Summary
• NEOUSDT formed a bearish engulfing pattern at 4.38–4.36 and tested support at 4.25–4.24.
• RSI showed oversold conditions below 30, suggesting potential short-term buying interest.
• Volatility expanded in late trading as volume surged after 16:30 ET.
• Bollinger Bands tightened earlier in the session, followed by a breakout to the downside.
• Turnover was uneven, with higher volume correlated to key price declines around 20:30–21:00 ET.

Neo/Tether (NEOUSDT) opened at $4.348 on 2025-12-09 at 12:00 ET, reached a high of $4.39, a low of $4.20, and closed at $4.247 on 2025-12-10 at 12:00 ET. Total 24-hour volume was 165,283.34, with a notional turnover of $714,638.10.

Structure & Formations


Price tested a key resistance cluster around $4.36–4.38 and failed to hold, leading to a bearish reversal formation. A bearish engulfing pattern appeared at 17:00–17:30 ET, followed by a breakdown to $4.25–4.24.
The 4.24–4.26 range acted as a strong support, with a Fibonacci 61.8% level aligning near $4.245.

Moving Averages and Momentum


A 5-minute 20-period MA crossed below the 50-period MA in late trading, signaling bearish momentum. Daily 50/100/200 EMA alignment showed the 50 MA approaching the 100 MA from below, suggesting a possible shift in trend. RSI bottomed near 30 twice, signaling potential oversold conditions, though momentum remained weak.

Volatility and Bollinger Bands


Bollinger Bands contracted between 19:00–20:30 ET, followed by a sharp downward expansion as volatility spiked. The price spent much of the session below the 20-period lower band, indicating bearish pressure. Volume spiked during the late ET hours, confirming the breakdown below key support.

Forward-Looking View and Risk


Price may test the 4.20–4.22 area next, with a potential bounce expected if buying interest emerges near 4.20. However, bearish momentum and high volume on the downside suggest further consolidation or a test lower. Investors should be cautious about short-term volatility and consider tighter stop-loss levels ahead of key support zones.