Newton Protocol/Tether Market Overview

Summary
• Price closed down 0.44% at $0.1303, trading within a tight $0.128–$0.134 range.
• RSI hit oversold territory, signaling possible short-term rebound.
• Volatility expanded midday before narrowing toward session close.

Newton Protocol/Tether (NEWTUSDT) opened at $0.1327 on 2025-11-10 at 12:00 ET, reaching a high of $0.1336 and a low of $0.1279 before closing at $0.1303 on 2025-11-11 at 12:00 ET. Total volume over the 24-hour period was 1.95 million, with a notional turnover of approximately $254,000.

Structure & Formations

Price action has been consolidating within a descending channel, with key resistance forming near $0.1336 and support at $0.1280. A large bearish engulfing candle emerged near the top of the range, confirming bearish exhaustion. A bullish reversal may appear if the pair holds above $0.1295, with a potential counter-attack line forming from a recent low near $0.1280.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA, confirming bearish momentum. Daily moving averages show the 50 MA at $0.1312 and the 200 MA at $0.1335, with price currently below both, suggesting a continuation of the short-term downtrend.

MACD & RSI

MACD remained in negative territory with a bearish crossover occurring around 07:00 ET. RSI has dipped below 30 for the last two hours, indicating an oversold condition that may trigger a near-term rebound. However, without a strong follow-through in volume, the bounce could be limited.

Bollinger Bands

Price has spent much of the session near the lower Bollinger Band, with volatility expanding midday and narrowing toward close. A retest of the upper band near $0.1335 could signal a shift in momentum but requires confirmation with higher volume.

Volume & Turnover

Volume was highest during the 19:30–20:15 ET period, with a sharp selloff observed. Turnover peaked at $0.1332 during that window. Price and turnover are aligned bearishly, suggesting continued selling pressure if support breaks.

Fibonacci Retracements

On the 15-minute chart, the recent $0.1280 low and $0.1336 high define a key swing. Price is currently near the 61.8% retracement level at $0.1309, with the 50% level at $0.1308 offering immediate support. A break below $0.1295 could target the 38.2% level at $0.1295.

Backtest Hypothesis

The RSI-based strategy of buying at oversold levels and selling at overbought has shown mixed results, particularly during extended bear markets and market corrections. In this session, while RSI briefly entered oversold territory, the lack of volume suggests limited conviction, making it a high-risk entry. Overbought levels during the 19:30–20:00 ET rally failed to trigger a reversal, reinforcing the need for caution and additional confirmation signals in a trending market.

Over the next 24 hours, Newton Protocol/Tether appears to be in a critical consolidation phase. A break below $0.1295 could extend the decline toward $0.1280, but a strong close above $0.1303 could retest the $0.1315 level. Traders should watch for volume divergence during any attempted rally and be prepared for volatility. As always, market conditions can change rapidly—position sizes and risk levels should be managed accordingly.