Market Overview: Newton Protocol/Tether (NEWTUSDT) on 2025-09-20

• Price dipped sharply in early ET hours to 0.2457 before rebounding above 0.248.
• Momentum remains neutral with RSI hovering near 50.
• Volatility surged midday, with a peak volume of 352,837.8 at 23:30 ET.
• Bollinger Bands show a recent contraction before a late expansion.
• Fibonacci levels suggest potential support at 0.246 and resistance at 0.251.

24-Hour Price Action and Volume

At 12:00 ET on 2025-09-20, Newton Protocol/Tether (NEWTUSDT) opened at 0.2503 after a 24-hour low of 0.2457. The price reached a high of 0.2548 and closed at 0.2533. Total volume for the 24-hour period was 3,142,238.0 with a turnover of approximately $788,285. The pair displayed a volatile but ultimately bullish consolidation, with a significant price rebound following the early sell-off.

Structure & Formations

The price action showed a bearish breakdown below 0.2480 in the early hours, forming a bearish engulfing pattern. However, this was quickly reversed, indicating a possible short-term support level at 0.246–0.248. A bullish flag pattern developed from 0.246 to 0.2533, supported by increasing volume and a retest of the 0.248–0.250 level. A key resistance appears to be forming at 0.252–0.2535, with a potential bearish divergence if this level is tested again.

Moving Averages

On the 15-minute chart, price recently crossed above the 20-period and 50-period moving averages, suggesting short-term bullish momentum. For the daily chart, the 50-period MA is at 0.2496, the 100-period MA at 0.2487, and the 200-period MA at 0.2473, indicating that the pair remains above its long-term average and is currently bullish in bias.

MACD & RSI

The MACD line is positive and crossing above the signal line, reinforcing the short-term bullish momentum. The RSI has settled near 50, suggesting neither overbought nor oversold conditions, though it has shown a slight overbought trend in the afternoon. If the RSI closes above 60, it may indicate potential exhaustion.

Bollinger Bands and Volatility

Volatility contracted significantly between 0.247–0.249, signaling a period of consolidation. However, following the 23:30 ET volume spike, the bands expanded, and the price surged to a 24-hour high of 0.2548. Price remains within the upper band, suggesting high volatility and possible continuation of the upward move if buyers hold at 0.2515.

Volume & Turnover

Volume spiked to 352,837.8 at 23:30 ET, coinciding with the price breaking out of the consolidation phase. Turnover increased in tandem, confirming the strength of the breakout. Divergences are not significant, with price and volume acting in tandem. The morning volume was lower, but it surged in the afternoon, confirming the reversal pattern.

Fibonacci Retracements

Applying Fibonacci to the 24-hour move from 0.2457 to 0.2548, key retracement levels suggest 38.2% at 0.2499 and 61.8% at 0.2495. Price is currently near the 61.8% level and appears to be consolidating before a potential breakout or retest of key resistance. This suggests that a retest of 0.248–0.2495 could trigger further momentum.

Backtest Hypothesis

The backtest strategy involves entering a long position when price closes above the 50-period moving average on the 15-minute chart and confirms with a bullish candlestick pattern (e.g., a hammer or bullish engulfing). A stop-loss is placed below the nearest Fibonacci support level (0.2495) and a take-profit target is set at 0.2525 (the next Fibonacci level). Given today's behavior, this strategy would have triggered a signal at 0.2513, with a stop-loss at 0.2495 and a target at 0.2525, aligning with the observed price action and volatility.