Newton Protocol/Tether Market Overview (NEWTUSDT)

• Price action showed a late-night rally to a 24-hour high of 0.2267 before consolidating.
• Momentum indicators suggest moderate bullish strength with RSI near 50.
• Volatility expanded during the late-night rally, with Bollinger Bands widening.
• Notional turnover surged above average during the 19:00–22:00 ET window.
• A bullish engulfing pattern formed at 22:30–23:00 ET following a key support break.

The Newton Protocol/Tether (NEWTUSDT) pair opened at 0.2214 on 2025-09-22 12:00 ET and traded as high as 0.2267, as low as 0.2160, and closed at 0.2224 on 2025-09-23 12:00 ET. The pair recorded a total volume of 16,743,872.1 and a notional turnover of $4,003,873.7 (assuming $1 per token). The price action reflects a late-night bullish breakout followed by consolidation during the morning.

Structure & Formations

Key support levels were identified near 0.2160 and 0.2184, both of which saw price bounce during the overnight session. A notable bullish engulfing pattern formed at 22:30–23:00 ET after breaking the 0.2236–0.2262 range, signaling a potential short-term reversal. A doji formed at 02:30–03:00 ET as the pair tested the 0.2161 level, indicating indecision. Price also retested the 0.2208–0.2216 area twice, forming a potential short-term base.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed in favor of the bulls during the late-night rally. On the daily chart, the 50- and 200-period moving averages have not yet crossed, suggesting the broader trend remains neutral. The price is currently above the 50-period moving average, which may offer temporary support if the trend extends.

MACD & RSI

MACD turned positive during the 20:00–00:00 ET window, with the signal line crossing into bullish territory, confirming the late-night momentum. The RSI reached 55 at its peak, indicating moderate bullish strength but not yet overbought territory. The oscillator is currently near 50, suggesting a potential consolidation phase ahead.

Bollinger Bands

Bollinger Bands widened during the 20:00–22:00 ET window as volatility increased, with the price trading near the upper band during the late-night rally. A contraction occurred during the 04:00–06:00 ET window, indicating a potential low-volatility period. The current price is trading near the middle band, suggesting a possible consolidation phase is underway.

Volume & Turnover

Volume surged during the 19:00–22:00 ET window, with the largest 15-minute candle at 20:45–21:00 ET recording a volume of 114,692.1 and a notional turnover of $25,583.9. Notional turnover spiked during the late-night rally, confirming the bullish move. A divergence between price and volume occurred during the 04:00–06:00 ET period, suggesting a potential slowdown in momentum.

Fibonacci Retracements

Applying Fibonacci levels to the recent 0.2160–0.2267 swing identified a 61.8% retracement at approximately 0.2223, which aligns with the current consolidation level. A 38.2% retracement sits near 0.2209, which appears to have held as support during the morning. For the broader daily move, a 61.8% retracement from a recent low may offer a target near 0.2260 if the trend resumes.

Backtest Hypothesis

A potential backtesting strategy could be constructed around the key bullish patterns and moving average crossovers observed during the 22:00–23:00 ET window. A long entry on the close of the bullish engulfing pattern, with a stop below the 0.2223–0.2227 support zone and a target at the 61.8% retracement near 0.2260, may offer a risk-reward ratio of approximately 1:1.5. This aligns with the MACD and RSI confirmations and could be tested over multiple historical swings for consistency.