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Summary
• Price consolidated between 0.1015 and 0.1036, with a final close near 0.1031.
• Volume and turnover spiked during midday UTC, suggesting active trading pressure.
• RSI showed moderate momentum with no overbought or oversold signals.
• A bullish engulfing pattern formed near 0.1023, hinting at a potential short-term rebound.
• Bollinger Bands contracted in early morning UTC, indicating a potential breakout phase.
Newton Protocol/Tether (NEWTUSDT) opened at 0.1031, reached a high of 0.1036, touched a low of 0.1013, and closed at 0.1031 within the 24-hour window. Total volume amounted to 1,462,842.8 and notional turnover stood at 151,148.46. The price moved within a defined range, suggesting consolidation ahead of a possible breakout.
Structure & Candlestick Patterns
Price remained in a tight consolidation range between 0.1015 and 0.1036. A bullish engulfing pattern emerged around 0.1023 during the UTC afternoon, signaling possible short-term buying interest. No decisive reversal patterns were identified, though multiple doji indicated indecision from 03:00 to 05:00 UTC. The 0.1027–0.1031 range appears to be a developing support level, while 0.1033–0.1034 is showing initial resistance.
Moving Averages and Momentum
On the 5-minute chart, price hovered above the 20-period and 50-period moving averages for much of the day, indicating a mildly bullish bias. However, there was no clear separation between the two, suggesting a balanced tug-of-war between buyers and sellers. The RSI

Volatility and Bollinger Bands
Volatility remained compressed between 01:00 and 04:00 UTC, with price trading near the middle band. This contraction suggests a potential for a breakout in the next 24 hours. During the active hours between 06:00 and 10:00 UTC, volatility expanded as price touched the upper band multiple times, indicating heightened activity and possible accumulation.
Volume and Turnover Analysis
Trading volume surged during the 00:15–00:30 UTC session, with a large volume of 97,631.6 and turnover of 9,976.06. This was followed by a steady decline in volume during midday UTC. No significant divergence was observed between price and turnover, suggesting that volume supported price movements rather than contradicting them.
Fibonacci Retracements
Applying Fibonacci levels to the 0.1013–0.1036 swing on the 5-minute chart shows 0.1025 (38.2%) and 0.1029 (61.8%) as key retracement levels. Price briefly tested 0.1029 in the UTC morning before retreating. On the daily chart, Fibonacci levels for the broader range may provide additional guidance if the trend extends beyond consolidation.
Price may continue to test upper resistance at 0.1033 in the next 24 hours, but a breakdown below 0.1023 could signal renewed bearish pressure. Traders should remain cautious as the market remains in a state of consolidation with no clear bias.
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