It was launched with: Bigger HODLer airdrop that will reward 12.5M $NEWT tokens (1.25% of the total supply) to users that had BNB in certain Binance products. Further 2M$ of NEWT rewards by the means of trading challenges will encourage active trading in Spot markets.
What has occurred up to now?
At the Token Generation Event it was listed at about 0.45-0.49$ . It went up by almost 67 percent to over 0.82 as the early buyers averagely jumped in followed by a staggering 44 percent pump to around 0.46 due to airdrop profit-taking. Later on, Binance announced a new ATH of 0.5448 (+75 percent since launch), and liquidity continues to grow higher.
Short term prospects
According to analysts at CoinEdition, consolidation within the range of $0.437 to $0.477 turned bearish-to-neutral in the next 24 hours to come. A near break above the price of $0.5036 may initiate an upsurge to price levels of $0.5355, whereas a violation of the price below the price of $0.437 may decline to the price level of $0.4300.
Foundational basics PRE SET supply of 1 billion NEWT, where initial circulating supply shall be approximately 215 M tokens (21.5%). The token is used as a staking tool and governance, transaction, and community incentives such as airdrop. ON‑chain automation, trusted execution environments and ZK‑proof tech could be used in an attempt to support AI‑driven finance, which could serve as a unique selling point of NEWT in the long term.
Prognosis: What is ahead?
1. Days: There will be a swingy motion between $0.43 and $0.55 based on profit taking and technical resistance and hype generated by promoters.
2. Mid-term (weeks): In case trading volumes remain high because of incentives and technicals break resistance, then there is a chance of breaking the resistance at $0.60+. Otherwise it is probably not to be far away traction regions ( ~0.50 ).
Trader tips !!!!!
There is a possibility of buying dips in the $0.43- $0.45 price range, in case you are bullish on fundamentals. • Early entries, it will be worth taking profits in the vicinity of recent ATH zones (~$0.54- 0.60). Monitor support/resistance lines such as the $0.437, $0.477 and $0.5036- momentum of this is vital .
Be informed of the on-chain data, staking amounts, new alliances, and the general hype in the crypto market.
The new pair $NEWT performed well on the 24th of June, supported by the Binance ecosystem, and incentive programs. Until then one should expect volatility around the key ranges. With the technology behind the token catching on and crypto markets remaining inflated, long-term gains are obtainable, perhaps beyond the 1 $ line. Be cautious as usual with new listing projects, use good risk management and be informed. Disclaimer I am not financial advice.Research on your own and take care of your risk adequately.