Market Overview for Newton Protocol/Tether (NEWTUSDT) on 2025-11-07

Summary
• Price rose 0.36% over 24 hours, from 0.1181 to 0.1206.
• Volatility expanded as price traded between 0.1169 and 0.1249.
• A bearish divergence in volume and price was observed near 0.1249.
• RSI crossed 50, suggesting potential bullish momentum.
• Bollinger Bands expanded, indicating increased market activity.

Opening Narrative

Newton Protocol/Tether (NEWTUSDT) opened at 0.1181 (12:00 ET–1) and traded between 0.1169 and 0.1249 over the next 24 hours, closing at 0.1206 at 12:00 ET. Total volume reached 14,445,739.8 and total turnover amounted to 1,738.38.

Structure & Formations

Price formed a bullish engulfing pattern at 18:45 ET, confirming a short-term reversal. Key support levels appear at 0.1200 and 0.1185, with resistance around 0.1235 and 0.1245. A doji formed at 21:00 ET, signaling indecision.

Moving Averages

On the 15-minute chart, the 20-period moving average sits at 0.1204, crossing above the 50-period MA of 0.1201—a bullish signal. On the daily chart, the 50-period MA (0.1215) is above the 200-period MA (0.1207), suggesting a mild uptrend.

MACD & RSI

MACD turned positive at 0.0008 with a bullish crossover. RSI rose to 56, suggesting moderate bullish momentum but not overbought territory. A divergence between price and RSI at 0.1249 indicates caution in further gains.

Bollinger Bands

Bollinger Bands expanded during the session, with price reaching the upper band at 0.1249. Price currently resides near the lower band at 0.1206, suggesting potential for a bounce. Volatility remains elevated.

Volume & Turnover

Volume spiked at 19:00 ET and again at 06:30 ET, confirming the bullish breakout. However, turnover failed to rise alongside the price peak at 0.1249, suggesting weak follow-through.

Fibonacci Retracements

The 61.8% retracement of the 0.1169–0.1249 swing sits at 0.1219, where price found resistance. The 38.2% level at 0.1214 appears to be holding as a short-term support.

Backtest Hypothesis

The “Buy Bullish Engulfing & Hold 3 Days” strategy relies on clear breakout signals, such as the one observed at 18:45 ET. If applied to NEWTUSDT, this strategy would enter on confirmation of the engulfing pattern and hold for three days, capitalizing on short-term momentum. The recent 15-minute candlestick patterns align with this strategy’s assumptions, though volume divergence suggests caution in expecting strong follow-through.