NEO Technical Analysis Jan 25

NEO under pressure at 3.61$; short-term downtrend continues, 3.62$ resistance critical. We recommend a cautious approach in altcoins due to BTC sideways effect.

Short-Term Market Outlook

NEO is currently trading at 3.61$ and started the day down 1.28% in the last 24 hours. The intraday range stayed between 3.61$-3.68$, with volume at low levels of 3.48M$. Short-term trend is downward; price is positioned below EMA20 (3.66$) and Supertrend is giving a bearish signal. RSI at 40.57 is in neutral territory, not approaching oversold, but MACD histogram is positive and implies mild bullish momentum. 10 strong levels detected across 1D/3D/1W timeframes: 2 supports/1 resistance on 1D, resistance-heavy with 3 on 3D, balanced but resistance-focused on 1W. Downtrend dominant for the next 24-48 hours; breakout above 3.62$ required for upside move. Rallies may remain limited without volume increase. For high-risk short-term trades, prioritize capital management; keep stop-losses tight.

Intraday Critical Levels

Nearby Support Zones

Closest support at 3.5938$ (score: 65/100), this could be tested quickly and if it holds, may trigger a 3.61$ rebound. Below it, 3.5544$ (score: 69/100) is a strong pivot; breach below this level accelerates downside within 24 hours and serves as ideal invalidation point. These supports show volume accumulation on 1H-4H charts; monitor for scalp opportunities.

Nearby Resistance Zones

First resistance at 3.6200$ (score: 84/100), selling pressure may increase as price approaches – breakout key for momentum. Above it, 3.7352$ (score: 62/100) intermediate resistance, followed by 3.8081$ (score: 75/100) Supertrend resistance. Hold these levels tight; staying below 3.62$ preserves bearish bias.

Momentum and Speed Analysis

Short-term momentum mixed: MACD histogram shows positive histogram with mild bullish divergence, but RSI in the 40s and Supertrend bearish signal keep speed downward. 4H timeframe closes below EMA20 reinforce downtrend. Volume low, so sudden spikes carry fakeout risk. The -1.28% change in the last 24 hours reflects general pressure on altcoins due to sideways BTC effect. For speed analysis, volume-backed breakout above 3.62$ brings bullish acceleration, below 3.59$ brings bearish acceleration. For scalping, watch RSI divergences and volume spikes, but be prepared for high volatility.

Short-Term Scenarios

Upside Scenario

Volume-backed close above 3.6200$ (4H confirmed) tests EMA20 (3.66$) and moves target to 3.7352$-3.8081$ range (upside target 3.8946$, score 30). Trigger: 3.62$ breakout + MACD line cross upward. Invalidation: Return below 3.5938$. This scenario strengthens if BTC breaks 89.190$ resistance, with 5-8% upside potential in 24-48 hours. Risk: Reversal weak with low volume.

Downside Scenario

Break below 3.5938$ leads to quick slide to 3.5544$ and opens downside target to 3.2903$ (score 0). Trigger: 3.59$ breach + RSI drop below 35. Invalidation: Return to 3.62$. Altcoin dump triggered if BTC loses 88.886$ support. 4-6% downside risk high within 24 hours; manage with tight stops.

Bitcoin Correlation

BTC sideways at 89,006$ level, stable with 24h -0.92% but Supertrend bearish – caution for altcoins. NEO highly correlated with BTC (%0.85+); if BTC holds 88.886$ support, NEO 3.62$ rally supported, but BTC breakdown to 87.635$-86.420$ pushes NEO below 3.55$. BTC resistances at 89.190$, 90.722$, 91.291$ – breakout here signals altseason and accelerates NEO upside. Short-term, NEO may show relative strength with low BTC dominance, but BTC dump primary risk. Check detailed data in NEO Spot Analysis and NEO Futures Analysis.

Daily Summary and Watch Points

Today’s key watches for NEO: 3.6200$ resistance breakout (bull trigger), 3.5938$ support breach (bear trigger). Momentum MACD positive but trend bearish; BTC sideways effect may keep volatility low. 24-48 hour outlook: Downside bias (60% probability), volume required for upside. Risk management critical – position size not exceeding 1-2%, tight invalidations (3.59$/3.62$). Lack of news provides stability but sudden BTC moves are triggers. Short-term trading high risk; minimize losses, avoid emotional decisions. Key points: Support 3.59$-3.55$, Resistance 3.62$-3.80$, BTC 88.8k watch.