$NEWT 🎀‼️ W Pattern at Chart Signals Bullish Potential for NEWT! ♨️📛❓

NEWT is forming a W pattern—also known as a double bottom—on its price chart, a classic bullish reversal signal that often marks the end of a downtrend and the start of fresh upward momentum. This setup has developed as the price dropped to a key support level, rebounded, retested the same zone, and held strong before bouncing again. This action shows buyers stepping up each time sellers test their resolve. 🛡️🚀

Volume trends are supporting this constructive picture. During the second dip into support, trading volume increased noticeably, signaling accumulation as large players and retail traders alike stepped in to buy weakness. This surge in demand while holding the same level is a powerful validation that bulls are laying the groundwork for a breakout. 📈🐋

Technically, NEWT is now trading just above the middle of the W, approaching neckline resistance. RSI has rebounded sharply from oversold territory and is trending higher, while MACD has turned positive, hinting at strengthening bullish momentum. If the neckline breaks decisively with elevated volume, it could confirm the W pattern and open the door to much higher targets. 🎯⚡

On-chain data further reinforces optimism. Exchange outflows have risen, suggesting that holders are moving tokens into cold storage for longer-term positions rather than preparing to sell. Whale wallet activity is picking up as well, reflecting renewed confidence in NEWT’s prospects. 💼🔥

Traders should monitor the neckline carefully. A strong move above this barrier with solid volume could trigger follow-through buying and establish a new uptrend. However, a failure to clear resistance might result in consolidation before the next attempt. 🕵️‍♂️⏳

In summary, NEWT’s W pattern is a bullish technical formation that deserves close attention. Staying disciplined, watching volume, and waiting for confirmation will be key to capturing the upside. 🌟📊