Newton Protocol Market Overview

• Price fluctuated between 0.2784 and 0.2846 with a bearish close near session highs.
• Volume surged during late-night volatility but showed divergence with price in later hours.
• RSI and MACD suggest weakening momentum amid overbought conditions.
• Bollinger Bands tightened before key 15-minute upmoves, signaling possible volatility.
• Fibonacci retracement levels at 0.2815 and 0.2795 appear to be key pivots.

Newton Protocol’s NEWTUSDT opened at 0.2789 at 12:00 ET-1 and reached a high of 0.2846 before closing at 0.2824 at 12:00 ET. Total volume for the session was ~14.88 million, with a notional turnover of ~$4.2 million. Price remained range-bound for much of the session before surging late into the night.

Structure and Candlestick Formations

The session began with a series of small-bodied candles, suggesting indecision. However, a bullish engulfing pattern formed around 23:30 ET as price surged from 0.2832 to 0.2845. This was followed by a long upper shadow candle at 0.00:00 ET, indicating profit-taking. A bearish harami formed around 01:30 ET, as a smaller candle was completely within a larger bearish one, suggesting short-term bearish bias. Key support levels were identified at 0.2795 and 0.2784, both of which saw strong buying interest.

Moving Averages

On the 15-minute chart, the 20-period moving average trended upward during the late-night rally, crossing above the 50-period line to signal a short-term bullish bias. However, by midday, both MA lines flattened and diverged from the price trend. On the daily chart, the 50-period MA hovered near 0.2818, while the 200-period MA was at 0.2811, indicating a slightly bullish bias.

MACD and RSI

The MACD line showed a bearish crossover during the mid-morning hours, confirming a short-term reversal. The RSI peaked near 70 at 0.2845 and later dropped below 50, indicating that the bullish momentum was waning. By the close, RSI stood at ~55, suggesting moderate equilibrium but with a slight bearish edge.

Bollinger Bands

Volatility expanded during the late-night rally, pushing price to the upper band, which signaled a possible continuation move. However, the subsequent pullback found resistance at the 0.2830 level, which coincided with a contraction in Bollinger Band width, suggesting a possible consolidation phase.

Volume and Turnover

Trading volume spiked at key inflection points, most notably during the 23:45–00:15 ET window, where ~2.5 million shares were traded. Turnover also surged in line with the price move, confirming the strength of the rally. However, after 01:00 ET, volume and turnover diverged, with price declining while volume remained relatively flat, hinting at potential bearish exhaustion.

Fibonacci Retracements

Applying Fibonacci levels to the 15-minute swing from 0.2784 to 0.2846, the 61.8% retracement level sits at 0.2815 and appears to be a critical pivot. Daily Fibonacci levels suggest that 0.2795 (38.2%) and 0.2784 (61.8%) are strong support areas that could influence near-term direction.

Over the next 24 hours, Newton Protocol could test key Fibonacci levels amid waning bullish momentum. A sustained break below 0.2795 could trigger further short-term bearish bias, but buyers may step in around 0.2784. Investors should remain cautious and watch for divergence between price and volume.