Market Overview for Newton Protocol/Tether (NEWTUSDT) – 2025-10-06

• Price dipped to a 24-hour low of $0.1981 before recovering to close near $0.2044
• Strong bearish momentum early in the session, followed by a bullish rebound
• Volatility increased with a 15-minute swing from $0.1981 to $0.2082
• Notable divergence in volume and price during the morning decline
• Key support at $0.2018 and resistance at $0.2058 identified

Market Overview

Newton Protocol/Tether (NEWTUSDT) opened at $0.204 on 2025-10-05 at 12:00 ET, reached a high of $0.2082, and a low of $0.1981 before closing at $0.2044 on 2025-10-06 at 12:00 ET. The pair experienced a total volume of 1,388,550 units and a notional turnover of approximately $277,710 over the 24-hour window. The price action reflected a volatile session with multiple intraday turning points.

The price formed a morning bearish trend with a sharp decline from $0.204 to $0.1981 within 5 hours. A bullish reversal followed as buyers stepped in after the 09:00 ET time frame, forming a recovery pattern. A bullish engulfing pattern appeared in the early hours of October 6, suggesting renewed buying interest. A notable bearish hammer formed near $0.1990, indicating possible short-term bottoming. Key support is seen at $0.2018 and $0.1990, with resistance at $0.2058 and $0.2082.

The 20-period and 50-period moving averages (15-minute chart) were both bearish, with the price closing below both. However, the 50-period MA began to flatten in the afternoon, signaling potential stabilization. The daily chart shows the price has held above the 200-period MA, indicating a structural bullish bias. The RSI moved into oversold territory during the morning decline but recovered back into neutral levels by midday.

The MACD turned bullish during the afternoon with a positive crossover in the last three hours, indicating growing momentum for buyers. Bollinger Bands expanded significantly during the morning selloff and began to narrow in the afternoon, pointing to reduced volatility and a possible consolidation phase. Price remained within the upper and lower bands, avoiding extreme volatility. Fibonacci retracement levels of the 0.618 ($0.2036) and 0.786 ($0.2060) levels were tested and held as dynamic support/resistance.

Volume spiked during the morning decline to $0.1981, with a notional turnover of $15,450 at that level. However, volume during the recovery phase was lower, indicating a potential divergence that could signal a weak follow-through. A strong volume spike occurred near $0.2056 at 10:30 ET, confirming the breakout of that level. Turnover and volume remained generally aligned, suggesting no major manipulation.

Looking ahead, Newton Protocol/Tether may continue to test key support at $0.2018 and resistance at $0.2058 in the next 24 hours. If buyers fail to hold above $0.2018, a retest of $0.1990 becomes likely. Traders should monitor the 50-period moving average for signs of a potential bullish crossover and watch for any expansion in Bollinger Bands, which could indicate renewed volatility. As always, market conditions can shift rapidly, especially with smaller-cap pairs like NEWTUSDT.

Backtest Hypothesis
A potential backtesting strategy could use the 15-minute RSI and MACD to identify entries during bullish reversals from oversold levels (RSI < 30) and positive MACD crossovers. A stop-loss could be placed below the nearest support (e.g., $0.2018) and a take-profit above a Fibonacci 61.8% level or key resistance. This approach aligns with the observed price behavior and would aim to capture short-term mean reversion opportunities during consolidation phases.