๐งช $NEWT /USDT โ Gravity Hits Post-Launch Hype!
๐ Timeframe: 15M | ๐ฐ Current Price: $0.5771
๐ Change: -0.71% | ๐ Volatility Surge on listing, followed by consolidation under MA7
โ ๏ธ Technical Breakdown:
๐ Initial Pump: Price launched from ~$0.25 to above $0.80 within the first 30 minutes โ pure listing FOMO.
๐ฅ Sharp Reversal: Strong upper wicks show heavy profit-taking.
๐ MA7 Curling Down: First warning sign of buyer exhaustion.
๐ช Lower Highs + Flat Support: Compression zone is forming โ likely a decision point coming soon.
๐ฎ Short-Term Scenarios:
๐ผ Bullish Scenario (less likely unless volume returns fast)
Reclaiming $0.60 = possible move to retest $0.70
Break above $0.70 opens road to re-challenge listing top near $0.80โ$0.85
๐ฝ Bearish Scenario (currently in play)
Breakdown below $0.57 = $0.52โ$0.50 region likely
Sub-$0.50 = deep retracement toward $0.42 or even launch base near $0.30
๐ฏ Early Targets:
1๏ธโฃ Resistance 1: $0.60
2๏ธโฃ Resistance 2: $0.70
3๏ธโฃ Resistance 3: $0.83
๐ Support Levels:
$0.57 (current local floor)
$0.52
$0.45
๐ง Verdict:
NEWT is in classic โlisting euphoria โ cool-offโ mode. Unless aggressive new buyers step in, price may drift lower in search of support. A short-term break above $0.60 with volume would change the narrative.
For now: caution rules, entries only on confirmed reclaim or clear bounce zone test.
โ ๏ธ DYOR โ Do Your Own Research. This is not financial advice. Markets can be volatile โ always trade responsibly!