Market Overview for Newton Protocol/Tether (NEWTUSDT): 2025-12-24

Summary
• Price broke above 0.0985 as volume surged during midday, signaling bullish momentum.
• A bullish engulfing pattern formed after a morning pullback, with resistance clustering near 0.1005–0.1010.
• Volatility expanded after 0.1005, with price hovering above the 20-period moving average.
• RSI moved into overbought territory toward the close, suggesting a possible short-term pullback.
• Turnover spiked sharply during the 12:15–12:45 ET window, confirming strong buying pressure on the upside.

Market Overview

Newton Protocol/Tether (NEWTUSDT) opened at 0.0973 on 2025-12-23 12:00 ET and closed at 0.1012 by 2025-12-24 12:00 ET, reaching a high of 0.1016 and a low of 0.0961. Total 24-hour volume was 3,321,380.8 with a notional turnover of $324,718.9.

Structure & Formations

Price action formed a clear bullish breakout above the 0.0985 psychological level and the 50-period moving average, with strong follow-through above 0.1005. A bullish engulfing pattern formed between 0.0974–0.0983 during the morning, suggesting a reversal from bearish to bullish sentiment. A key resistance cluster appears near 0.1005–0.1010, while 0.0982 acts as a short-term support.

Moving Averages and Momentum

On the 5-minute chart, the 20-period MA crossed above the 50-period MA (golden cross) during the afternoon, reinforcing the bullish bias. The 50-period daily MA remains above the 200-period line, indicating a longer-term bullish trend. MACD turned positive in the late morning and remained above the signal line, confirming ongoing bullish momentum. RSI reached overbought territory above 70 toward the close, hinting at potential profit-taking or consolidation.

Volatility and Bollinger Bands

Bollinger Bands expanded significantly in the afternoon as price surged above the upper band, indicating high volatility. A volatility contraction occurred in the early morning before the breakout, often a precursor to a price move. Price remained above the 20-period MA within the upper half of the bands, suggesting continued bullish pressure.

Volume and Turnover

Volume surged sharply during the 12:15–12:45 ET window, aligning with the price breakout above 0.1005. Notional turnover spiked during the same period, confirming the strength of the bullish move. Divergence between price and volume was not observed, indicating strong conviction in the current trend.

Fibonacci Retracements

On the 5-minute chart, the recent low of 0.0961 and high of 0.1016 suggest key retracement levels at 0.0982 (38.2%) and 0.0998 (61.8%). Price tested 0.0982 twice before surging higher, implying it may act as a dynamic support. On the daily chart, 0.0975 and 0.1016 define the recent swing range, with 0.0995 as a key 50% retracement level to watch.

Price appears to be testing the upper end of a bullish channel, and a retest of 0.1005–0.1010 may be expected in the next 24 hours. While the momentum remains strong, a pullback to 0.0992–0.0998 could test conviction in the current trend. Investors should remain cautious of potential profit-taking or a consolidation phase if RSI overbought levels trigger a correction.