Newton Protocol/Tether Market Overview: 2025-09-24

• Newton Protocol/Tether (NEWTUSDT) closed higher at 0.224 after testing key support and resistance levels.
• A bullish reversal pattern emerged post-18:00 ET, coinciding with increased volume.
• RSI and MACD showed divergence mid-day, but momentum reaccelerated toward the close.
• Volatility spiked during the 19:00–22:00 ET range, with prices consolidating afterward.
• Turnover was 11.2M, up 30% from the previous 24 hours, indicating heightened interest.

The Newton Protocol/Tether (NEWTUSDT) pair opened at 0.2223 on 2025-09-23 12:00 ET and closed at 0.2240 on 2025-09-24 12:00 ET. The 24-hour range extended from 0.2161 to 0.2270, with total volume of 6.09 million contracts and a notional turnover of $11.2 million. Price action displayed consolidation after an early morning breakout, followed by a late-day rally into the 0.225–0.227 resistance cluster.

Structure & Formations

Price action on the 15-minute chart formed a bullish “inverted hammer” pattern around 18:00 ET (UTC-4), followed by a confirming higher close at 19:00 ET. A larger bullish engulfing pattern occurred around 21:00 ET, signaling potential short-term momentum reversal. The 0.2218–0.2224 range acted as a key support zone, successfully holding during two attempts to break below it mid-day. A descending triangle formation was visible from 0.2268–0.2230, with the price breaking out to the upside after testing the upper boundary at 0.2270.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart were in a bullish configuration, with price consistently above both. The 50-period SMA crossed above the 100-period at 09:00 ET, reinforcing the uptrend. On the daily chart, the 50-period SMA (0.2215) and 100-period SMA (0.2203) remain in a bullish alignment, though the 200-period SMA at 0.2198 provides a long-term support threshold.

MACD & RSI

The MACD histogram showed a bearish divergence between 15:00–18:00 ET as prices rose but momentum declined. However, the bullish crossover at 19:00 ET marked a shift in momentum, with the histogram expanding through 21:00 ET. RSI, which had been in overbought territory (70+) for part of the morning, dipped below 50 by 17:00 ET, indicating oversold conditions before a mid-evening rebound.

Bollinger Bands

Volatility increased significantly during the 19:00–22:00 ET period, pushing price above the upper Bollinger Band. The band width expanded from 0.0012 to 0.0025 during this stretch, signaling heightened trading activity. Price remained inside the bands for most of the session, with the 0.2230–0.2255 mid-band range acting as a key consolidation zone.

Volume & Turnover

Volume spiked in the early morning (02:00–05:00 ET), coinciding with a dip to 0.2180, but remained muted until 19:00 ET. The largest single 15-minute volume spike occurred at 19:00 ET with 127,828 contracts, followed closely by 21:00 ET at 111,105 contracts. Notional turnover was in line with volume, with no notable divergence. The total notional value traded exceeded $11.2 million, a 30% increase from the previous 24-hour period, suggesting growing market participation.

Fibonacci Retracements

Key Fibonacci levels for the recent 0.2180–0.2270 swing were 0.2225 (38.2%), 0.2241 (50%), and 0.2256 (61.8%). Price tested the 50% level twice, briefly overshooting to 0.2270, and held the 61.8% level as a potential short-term resistance. On the daily chart, the 61.8% retracement of the 0.2180–0.2270 range lies at 0.2256, aligning with the upper Bollinger Band as a key resistance target.

Backtest Hypothesis

Given the observed Fibonacci retracement levels and volume confirmation at key swing highs, a potential backtesting strategy could focus on entries at the 50% Fibonacci level (0.2241) with stop-losses placed below 0.2225. A trailing stop could be initiated once price surpassed 0.2256 (61.8% level), aligning with both trend-following principles and RSI/momentum indicators. This would aim to capture the continuation of an emerging bullish trend while managing risk via structured exit levels. The current MACD and volume profile suggest that such a strategy would benefit from higher time-frame filtering to confirm trend strength.