Market Overview for Newton Protocol/Tether (NEWTUSDT) – 2025-11-06

Summary
• Price edged up slightly amid mixed momentum signals and moderate volatility.
• Volume and turnover surged mid-day, hinting at increased interest.
• A bullish engulfing pattern emerged early before price consolidation.

Newton Protocol/Tether (NEWTUSDT) opened at $0.1177 on 2025-11-05 at 12:00 ET and closed at $0.1212 on 2025-11-06 at 12:00 ET, reaching a high of $0.1229 and a low of $0.1171. The 24-hour volume totaled 1,535,909.3, with a notional turnover of $186,647.83.

Structure & Formations

The 24-hour candlestick pattern showed a recovery from a morning pullback, with a bullish engulfing pattern forming at the start of the session. A key resistance level emerged around $0.1213–0.1221, while support appears at $0.1191–0.1199. A doji formed near $0.1200, suggesting a potential reversal or consolidation phase.

Moving Averages

On the 15-minute chart, the price held above the 20-period moving average for much of the session, indicating short-term bullish momentum, though it dipped below the 50-period MA in the final hours. Daily moving averages showed the price above the 50 and 100-day lines, with the 200-day line acting as a strong support at $0.1182.

MACD & RSI

The RSI fluctuated between 45–60, showing moderate bullish momentum but not overbought conditions. MACD lines crossed the signal line positively mid-session, indicating a potential short-term rally, though the histogram later declined, pointing to weakening momentum.

Bollinger Bands

Volatility expanded throughout the session as the price moved from the lower band in the early morning to the upper band in the late afternoon. The price closed near the upper band, suggesting a potential overextension.

Volume & Turnover

Volume spiked in the 02:00–03:00 ET timeframe, with the highest 15-minute turnover occurring around 03:15 ET. Price and volume were aligned during this time, supporting the move higher. A divergence emerged late in the session as volume declined while price remained firm, signaling potential exhaustion.

Fibonacci Retracements

On the 15-minute chart, the price tested the 61.8% retracement level at $0.1199 before bouncing toward the 78.6% level. On the daily chart, the 38.2% and 61.8% levels around $0.1198 and $0.1208 acted as key resistance and support.

Backtest Hypothesis

The MACD-based golden cross strategy, which we were unable to fully apply due to a symbol resolution error, could provide insights into entry timing. If confirmed, using MACD crossovers on a daily chart from 2022 to 2025 could validate trend-following effectiveness. Further, aligning this with RSI and Fibonacci levels may refine entry and exit signals.