$NEWT 🚨🔥 Newtowrk (NEWT) Big Sellers at Market: Heavy Supply Caps Upside Momentum 📉⚠️

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🦑🦑Newtowrk (NEWT) is facing strong selling pressure, as big holders step in to offload positions and suppress upward price movement 🌪️🎯. After struggling to hold above $0.021, NEWT has trended downward, forming lower highs that reflect aggressive exits from large wallets 🪓🥀. On-chain data confirms a rise in outflows to exchanges, indicating that whales are distributing instead of accumulating 🐍🎒.

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📉📉Momentum signals remain decisively bearish. RSI is hovering near 34, showing that the token is under consistent pressure with no clear signs of recovery yet 🧊🧭. The MACD histogram is deep in the red zone, and short-term moving averages have crossed downward in a clear bearish alignment 🍂📉. Volume spikes have been concentrated on red candles, confirming that sellers are dominating the tape 🧱🦕. In futures markets, open interest is rising while funding rates trend slightly negative, suggesting that traders are betting on continued declines 🌵🔥. If NEWT breaks below $0.019 support, a sharp drop toward $0.017–$0.0175 could follow 🚧🐚.

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🍀🍀Fundamentally, Newtowrk is pushing to grow its blockchain infrastructure and use case adoption 📡🌈. However, current market structure shows technical weakness outweighing project potential in the short term 🦥🌫️.

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🧭🧭Traders should monitor the $0.019 level closely. A strong break could trigger accelerated selling, while a quick reclaim above $0.021 might offer temporary relief. Stay cautious and manage exposure wisely as the market reacts to seller dominance 📊⚡.