Market Overview for Newton Protocol/Tether (NEWTUSDT) on 2025-11-14

• Price action saw a bearish trend after a 15-minute high of $0.1256.
• Volume surged to a peak of ~215K at 17:15 ET, but failed to confirm bullish momentum.
• RSI and MACD indicate weakening momentum with bearish divergence in closing levels.
• Volatility expanded after a mid-session pullback, with Bollinger Bands widening.
• A key support level appears to form near $0.1170, with Fibonacci retracements suggesting potential reversal areas.

Newton Protocol/Tether (NEWTUSDT) opened at $0.1252 on 2025-11-13 12:00 ET and traded between $0.1256 and $0.1133 before closing at $0.1159 as of 2025-11-14 12:00 ET. The 24-hour volume totaled approximately 4.38 million units, while notional turnover reached $552,500. The asset has shown bearish bias over the last 24 hours with increasing volatility and key levels of resistance and support emerging.

Structure & Formations

The candlestick structure over the last 24 hours reveals several bearish formations, including a long lower shadow following the early morning break at $0.1256 and a sharp breakdown to $0.1133 from a consolidation phase between $0.1170 and $0.1209. The formation of a key support level near $0.1170 appears confirmed after multiple retests, while the previous high near $0.1256 acts as a strong resistance.

Moving Averages and Momentum

On the 15-minute chart, the 20-period and 50-period moving averages are in a bearish crossover, reinforcing the downward trend. The RSI has moved into oversold territory, though it remains below its 30 threshold for much of the session, suggesting continued pressure. MACD has turned negative and remains bearish, with bearish divergence seen from the early high. This suggests that while the asset may not be in immediate oversold territory, buyers have yet to make a strong countermove.

Volatility and Volume

Volatility expanded significantly following the breakdown to $0.1133, with Bollinger Bands widening from a tight consolidation phase. Volume peaked at 215K during the early decline but failed to follow through with a strong rebound, indicating a lack of conviction. Notional turnover also surged during the breakdown phase, aligning with the lower price action. Divergences between volume and price suggest potential for further downside, especially if the key support at $0.1170 is not retested.

Key Levels and Retracements

Fibonacci retracement levels from the recent swing high of $0.1256 and low of $0.1133 show 38.2% and 61.8% levels at $0.1201 and $0.1161, respectively. These levels appear to coincide with key psychological and structural support and resistance, suggesting potential turning points. A close below $0.1161 could trigger further downside to $0.1140, while a rebound above $0.1201 may see buyers attempting to re-test the 20-period moving average for a potential reversal.

Backtest Hypothesis

A potential backtest strategy for this pair could focus on a breakout of the recent consolidation range between $0.1170 and $0.1209, using the 20-period moving average as a dynamic support line and the 50-period MA as resistance. A long entry could be triggered on a break above $0.1209, with a stop loss below the most recent swing low near $0.1195. An exit strategy could follow the close below the 20-period MA or the 61.8% retracement level at $0.1161. This setup could be evaluated using historical data to refine the risk-reward profile before deployment.