After the price of protocol $NEWT reached
After sharply peaking during the day near $0.80 on June 24, it has significantly declined today and is now trading around $0.4621, reflecting a 9.69% decrease over the past 24 hours.
This pullback aligns with widespread profit-taking following the airdrop and the fading media buzz around the launch. The current market capitalization is $99.35 million, with a trading volume of $802.16 million over the past 24 hours, keeping the volume-to-market cap ratio at 814.9%, an astonishing number that highlights ongoing speculative activity.
While the long-term outlook for $NEWT as an AI-secured automation protocol remains promising, the short-term outlook is still based on technical aspects and sentiment, especially with the token absorbing initial opening pressures following its debut on #Binance .
What is happening with the price of #NEWT ?
NEWTUSDT price dynamics
The price of $NEWT shows a clear equivalent sharp rise, followed by a rapid decline, forming a classic exploding top structure. The price rose to $0.82 on June 24, but quickly relinquished its gains, stabilizing near the $0.46-$0.47 area. This area currently represents a temporary support base, but it lacks the confirmation of trading volume needed for a sustainable reversal.
The price structure on the 5-minute and 15-minute timeframes shows a continuous series of higher highs and lower lows, supported by repeated rejection of trend lines and a bearish breakout. The asset is currently trading well below the short-term resistance trend line, which intersects near $0.4770, and faces a more significant resistance area between $0.50 and $0.54 - an area that previously represented a liquidity gap.
Why is the price of NEWT dropping today?
NEWTUSDT price dynamics
NEWT shares are under pressure, as key indicators still reflect a bearish technical environment. The Supertrend indicator remains downward after a sharp rejection from the $0.82 level, while the Parabolic SAR points are above the price, confirming the ongoing selling momentum.
Additionally, the market opening pressure following a sharp decline continues to affect traders' sentiment, as individual traders are likely to take early profits before more emissions.
NEWT indicators and technical signals (24-hour analysis)
NEWTUSDT price dynamics
On the five-minute chart, the price failed to reclaim the average range of the Volume Weighted Average Price (VWAP) at $0.4666, turning it into resistance in the near term. The super trend remains bearish with no reversal signals, and the fifteen-minute chart shows repeated rejection of the descending trend line near $0.5355 - a critical invalidation level for bulls.
Momentum tools, such as the BBP indicator, remain negative and stable, while volatility signals from the SAR indicator and Supertrend indicate further decline unless trading volume returns. In the absence of a structural breakout, the short-term situation is likely to continue consolidation or decline.
NEWT price forecast: Short-term overview (24 hours)
NEWTUSDT price dynamics
The price of NEWT remains confined within a defined trading range with a downward bias, with the potential to stabilize between $0.4370 and $0.4770 unless a new catalyst emerges. Failure to reclaim the $0.4770 area may lead the price back to $0.4300, while a breakout of this level, supported by trading volume, may target $0.5036 and possibly $0.5355.
Unless we see a strong confirmation from the buying side or an external event (such as the introduction of an additional feature on the Binance platform or a burn mechanism), the price may continue to test low liquidity levels.
Newton Protocol Price Forecast Table: June 26, 2025
