๐ฅ$NEWT has risen from + to a peak of 0.86 in the last 24 hours, then entered a correction phase. It is currently trying to stabilize around 0.52 and volumes are decreasing due to profit-taking by short-term investors.
๐While such rapid movements indicate that liquidity and interest are intense in the early stages of the project, a strong community and real use cases are essential for sustainability. How the technology behind $NEWT develops will play a key role.
๐Coins like this have risks as well as opportunities. Other trending assets worth paying attention to at this stage include $WCT (WalletConnect), $ONDO, $ZRO and $PYTH .
๐Analysis: - short-term correction after FOMO is normal - technically, the $0.48 and $0.44 levels can be followed as support - long-term sustainability of the project depends on fundamental values โโ
โ๏ธRisk management and stability are important, especially in periods of high volatility.
