Market Overview for Newton Protocol/Tether (NEWTUSDT)

Summary
• Price surged from 0.1280 to a high of 0.1364, posting a strong bullish reversal.
• Volume spiked to 422,342.0 at the 24-hour high, confirming bullish momentum.
• RSI and MACD signaled overbought levels, suggesting potential near-term pullbacks.
• Bollinger Bands widened, indicating rising volatility and heightened trading interest.
• Price consolidated near the 61.8% Fibonacci level after a strong 15-minute impulse move.

Newton Protocol/Tether (NEWTUSDT) opened at 0.1280 on 2025-11-08 at 12:00 ET and traded as high as 0.1364 ahead of the 12:00 ET close on 2025-11-09. The 24-hour session closed at 0.1354, with a total volume of 5,750,654.9 and a notional turnover of approximately $776,148.5 (assuming ~$0.13 average price).

The 15-minute OHLCV data reveals a strong bullish continuation after a consolidation phase. Key support levels formed around 0.1280 and 0.1272, while resistance appeared at 0.1305 and 0.1311. A bullish engulfing pattern emerged at 21:30 ET on 2025-11-08, followed by a powerful 15-minute candle that pushed price to 0.1305. This pattern was confirmed with a follow-through move to 0.1364, suggesting increased buying pressure.

MACD crossed above the signal line early in the session, reinforcing bullish momentum. RSI reached overbought territory (above 70) by mid-session and remained elevated, indicating potential exhaustion of the rally. Bollinger Bands expanded as price surged, suggesting heightened volatility. Price found support at the 61.8% Fibonacci retracement level of the prior bearish swing, confirming that bulls controlled the short-term trend.

The volume profile showed a sharp increase in the last three hours of the session, with the final 15-minute candle at 05:15 ET printing the highest volume of the day (422,342.0). This suggests that large institutional buyers may have entered on the breakout. However, a divergence between price and volume in the final hour may indicate a pause in the rally.

Backtest Hypothesis
The “Buy on Bullish Engulfing” strategy is a widely tested pattern in technical analysis, often used to identify short-term reversal opportunities. A successful backtest requires a data-supported ticker symbol with a complete candlestick history from 2022-01-01. In the case of NEWTUSDT, the recent 15-minute engulfing pattern at 21:30 ET on 2025-11-08 could serve as a candidate entry point if confirmed with a follow-through candle. For a broader test, a universe of tickers must be defined, such as a selection of high-volume crypto pairs or indices with consistent historical data. Once validated data is available, the strategy can be applied using a 1-day holding period.

The next 24 hours may see a consolidation phase or a test of the 0.1364 high before a potential pullback. Investors should monitor the 0.1334–0.1350 range for key support and watch for a divergence in RSI or volume as early warning signs of a reversal.