Market Overview for Newton Protocol/Tether (NEWTUSDT)

• Price declined from 0.2545 to 0.2501 during early hours before forming a bullish recovery toward 0.2554 near 12:00 ET.
• Volatility expanded significantly as Bollinger Bands widened, reflecting increased uncertainty and potential trend continuation.
• Volume surged in the final 4 hours, confirming the late-session rally and aligning with higher highs.
• RSI reached overbought levels near 70, suggesting possible near-term resistance at 0.254–0.255.
• Key support identified at 0.251–0.252 levels, where price found repeated buying interest.

Newton Protocol/Tether (NEWTUSDT) opened at 0.2533 on 2025-09-20 at 12:00 ET and traded between 0.2501 and 0.2562 during the 24-hour window, closing at 0.2529 at 12:00 ET on 2025-09-21. Total volume reached 2.36 million contracts, and notional turnover amounted to ~$590,000. The price action reflected bearish sentiment early on before a late rally brought buyers back into the fold.

Structure & Formations

The 15-minute chart showed key support levels forming around 0.251–0.252 and resistance levels near 0.254–0.255. A bullish engulfing pattern emerged during the 5:45–6:00 ET session, indicating a potential short-term reversal. A doji appeared at the top of the 6:15–6:30 ET range, signaling indecision at higher levels. A series of lower lows and higher highs during the last 6 hours suggest a potential trend reversal forming.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA near 0.2525, forming a potential golden cross. This aligns with the late-day rally and suggests a short-term uptrend could continue. On the daily chart, the 50-period MA sits at 0.252, while the 100- and 200-period MAs remain slightly below it, suggesting a neutral to slightly bullish bias for Newton Protocol.

MACD & RSI

The MACD crossed above the signal line around 0.253 and remained positive until the close, indicating growing momentum in the rally. The RSI peaked near 70 at the close, signaling overbought conditions and potential near-term consolidation or pullback. However, volume confirmed the price rally, so a breakdown below the 0.252 level would be necessary to confirm bearish bias.

Bollinger Bands

Bollinger Bands expanded significantly during the late session, reflecting increased volatility. The price closed just below the upper band, at ~0.2529, suggesting strong conviction in the rally. However, the bands remain wide, and without a clear breakout above 0.2545, the bounce may lack staying power. A retest of the 0.251–0.252 support level is likely before a new directional move is confirmed.

Volume & Turnover

Volume surged from the 5:45 ET session onward, with the largest spike occurring between 8:00–9:45 ET, as the price recovered from 0.2502 to 0.255. Notional turnover mirrored volume, confirming the strength of the rally. A divergence between price and volume occurred briefly around 09:00 ET, but it was resolved as buyers reentered the market. The final 4 hours of the 24-hour window accounted for nearly 60% of total volume.

Fibonacci Retracements

The 61.8% retracement of the recent 0.2502–0.2554 swing is at 0.2527, which closely aligns with the closing price of 0.2529. This level may serve as initial resistance, and a break above it could target the 78.6% level at ~0.2542. On the bearish side, the 38.2% retracement at 0.2515 appears to be a key support area based on the 0.2501–0.2529 swing.

Backtest Hypothesis

A backtesting strategy could be built around the golden cross of the 20- and 50-period MAs on the 15-minute chart, coupled with bullish engulfing patterns and RSI entering overbought territory. The hypothesis would look to enter long positions after a confirmed golden cross and bullish candlestick pattern, with a stop-loss placed below the nearest support level. Exit signals would occur when RSI enters overbought territory or when volume shows signs of divergence. Given the recent price and volume dynamics, this setup appears to have strong alignment with the observed market action.