🕒 Timeframe: 15M | 💰 Current price: $0.5771
📉 Change: -0.71% | 📊 Spike in volatility during listing, followed by consolidation under MA7
⚠️ Technical analysis:
🚀 Initial pump: Price rose from ~$0.25 to above $0.80 within the first 30 minutes — pure FOMO at listing.
🟥 Sharp reversal: Strong upper wicks indicate active profit-taking.
📉 MA7 is trending down: The first alarming signal of buyer exhaustion.
🪂 Lower highs + flat support: A compression zone is forming — a decision point is likely coming soon.
🔮 Short-term scenarios:
🔼 Bullish scenario (less likely if volume doesn't return quickly)
Return to $0.60 = possible move for retesting $0.70
A breakout above $0.70 opens the way for retesting the listing peak near $0.80–$0.85
🔽 Bearish scenario (currently in play)
Break below $0.57 = likely zone $0.52–$0.50
Below $0.50 = deep pullback to $0.42 or even launch base near $0.30
🎯 Early targets:
1️⃣ Resistance 1: $0.60
2️⃣ Resistance 2: $0.70
3️⃣ Resistance 3: $0.83
🛑 Support levels:
$0.57 (current local bottom)
$0.52
$0.45
🧠 Conclusion:
NEWT is in the classic mode of 'listing euphoria → cooling down'. If aggressive new buyers do not appear, the price may drop in search of support. A short-term breakout above $0.60 with volume will change the course of events.
Currently: caution prevails, entries only on confirmed returns or clear testing of the bounce zone.
⚠️ DYOR – Do your own research. This is not financial advice. Markets can be volatile — always trade responsibly!$NEWT
