Market Overview: Newton Protocol/Tether (NEWTUSDT) – 24-Hour Technical Breakdown

• Newton Protocol/Tether traded in a bearish consolidation pattern over the last 24 hours, with price closing below its 12:00 ET open.
• Price tested key support at 0.2133 and 0.2115, with bearish momentum gaining strength in the late hours.
• RSI and MACD showed weakening momentum, while volume spiked during the 23:45–05:00 ET window.
• Bollinger Bands widened, indicating increasing volatility in the 03:30–06:30 ET timeframe.
• Downtrend confirmed by 15-minute and daily MA crossovers, suggesting further downside potential.

Price Action and Key Levels

Newton Protocol/Tether (NEWTUSDT) opened at 0.2253 at 12:00 ET on 2025-09-24 and closed at 0.2137 by 12:00 ET on 2025-09-25, with a high of 0.2257 and a low of 0.2102. The total traded volume over the 24-hour period was 5,170,796.9 units, and notional turnover reached $1,099,545.10. The pair exhibited a bearish trend, forming a key bearish engulfing pattern as price fell below the 0.2161 support level in the early morning.

A series of lower highs and lower lows became evident, with notable support levels emerging at 0.2133 and 0.2115. The 0.2161 level acted as a pivot point, where the price stalled before breaking down. This suggests that bears may have gained control for the near term, with a potential target near 0.2100 if the support holds. Resistance levels include 0.2171 and 0.2188, which may become relevant should a reversal occur.

Technical Indicators and Trends

On the 15-minute chart, the 20-period and 50-period moving averages both trended lower, confirming the bearish bias. The daily chart also showed a bearish bias with the 50-period MA below the 100- and 200-period MAs, reinforcing the trend.

The MACD line turned negative and crossed below the signal line, confirming the bearish momentum. RSI dropped into oversold territory (below 30) by 05:00 ET, suggesting the potential for a near-term bounce, though this does not guarantee a reversal. Bollinger Bands expanded after 03:30 ET, reflecting increased volatility, while the price remained within the lower half of the bands for much of the session, indicating weak bullish participation.

Volume spiked significantly during the 03:30–06:00 ET window, especially around the 04:30 ET candle, which saw a close of 0.2159 on high volume. This suggests increased bearish participation. However, the divergence between volume and price movement during the late afternoon hours implies a lack of conviction from traders.

Fibonacci and Momentum Analysis

Applying Fibonacci retracements to the recent swing from 0.2102 to 0.2161, the 0.2133 level aligns with the 38.2% retracement, while 0.2115 corresponds to the 61.8% level. If the price continues to fall and tests the 0.2100 level, it will reach the 78.6% retracement. This could serve as a critical point for either a bounce or a breakdown.

The RSI, while showing oversold conditions, could provide a false signal if the trend remains intact. A sustained move above 0.2161 would likely require strong volume and a reversal pattern, such as a bullish engulfing or hammer. For now, the price appears to be consolidating within a descending channel, with the lower boundary at 0.2115 providing the key near-term support.

Backtest Hypothesis

A backtest strategy based on 15-minute candlestick patterns and RSI divergence could provide valuable insights into potential reversals. For instance, if a bullish reversal pattern (e.g., hammer, morning star) forms near key support levels, and RSI shows a bullish divergence, this could signal a high-probability short-term reversal. Additionally, a crossover of the MACD above the signal line in an oversold RSI condition could act as a confirmation trigger for long positions. Given the current bearish trend, the strategy should be applied cautiously, with strict risk management to limit exposure during a potential breakdown below 0.2100.