Market Overview for Newton Protocol/Tether (NEWTUSDT)

Summary
• Price action shows a consolidation pattern around key levels 0.1345–0.1355.
• Volatility increased mid-day with a pullback confirming bearish momentum.
• RSI suggests overbought conditions, hinting at potential short-term pullback.

Newton Protocol/Tether (NEWTUSDT) opened at 0.1333 on 2025-11-09 at 17:00 ET, hit a high of 0.138, a low of 0.1321, and closed at 0.1344 as of 12:00 ET on 2025-11-10. The 24-hour volume was 3,784,195.1, and total turnover reached approximately 485,149 USDT. Price action suggests a tug-of-war between buyers and sellers, with resistance forming near 0.1355 and support consolidating near 0.1345.

Structure & Formations

Price action over the past 24 hours reveals a bullish and bearish alternation, with several candlestick patterns forming. A key resistance level appears at 0.1355, where the asset struggled to maintain gains multiple times. On the support side, 0.1345 has held firm, especially in the last two 15-minute candles, forming a potential bullish reversal pattern as the price closed above that level. A bearish engulfing pattern emerged near the high of 0.138, suggesting sellers could dominate if the trend continues.

Moving Averages

The 20- and 50-period moving averages on the 15-minute chart are closely aligned, indicating a relatively flat price trend with minimal directional bias. On the daily chart, the 50-period MA is slightly above the 100- and 200-period MAs, hinting at a mildly bullish setup for the longer term, though it remains compressed near current levels, suggesting a neutral-to-bullish near-term outlook if support levels hold.

MACD & RSI

The MACD line has shown a bearish crossover on the 15-minute chart in the past hour, indicating weakening momentum. However, RSI values hover around the 60–65 range, pointing to overbought territory and suggesting a possible pullback. If RSI drops below 50, it could confirm a bearish continuation. MACD remains below the signal line, indicating a bearish bias for short-term traders.

Bollinger Bands

Volatility expanded during the day, especially around the 13:30–14:00 ET period, with price moving close to the upper band before retracting. In the last 2 hours, volatility has contracted, and price has hovered near the middle band, indicating consolidation. A break above the upper band could confirm bullish momentum, while a test of the lower band near 0.1321 may suggest a deeper correction.

Volume & Turnover

Volume spiked during the early to mid-day session, peaking at 1,004,327.5 during the 17:15–17:30 ET period, coinciding with a strong price rally toward 0.138. However, volume has declined significantly in the last 3 hours, suggesting a potential weakening of the bullish bias. Notional turnover has also dropped, aligning with the lower volume and indicating reduced conviction among traders.

Fibonacci Retracements

Applying Fibonacci retracements to the 0.1321–0.138 swing, the key levels are 0.1351 (61.8%) and 0.1347 (38.2%). The price tested 0.1351 earlier in the day but failed to hold it, suggesting that further retracement toward 0.1345–0.1347 could occur. These levels now act as potential support zones, with a break below 0.1344 likely to trigger more selling pressure.

Backtest Hypothesis

The proposed strategy opens a long position when the price touches or falls below 0.1345 and closes it when the price reaches 0.1355. Given today’s price action, this strategy would have entered a position at 0.1345 and exited at 0.1355, yielding a gain of 0.001 USDT per unit. The RSI and MACD suggest that the price could retest 0.1345 in the near term, potentially triggering a repeat of the trade. However, without a stop-loss or time limit, the risk of a false break remains. Including a 2% stop-loss at 0.1329 could improve risk management.