$NEWT /USDT Price Prediction This Week on Binance
Current Price: ~$0.3250
Technical & Market Overview
•Recent Action: After a massive rally to ~$0.82 on June 24 following Binance and Coinbase listing, $NEWT retraced to the current support zone near $0.46-$0.33, forming a classic blow-off top pattern.
•Technical Forecasts: Binance community models suggest a modest +5% upside over the next month (~$0.419), while CoinCodex and others note bearish to neutral bias, forecasting between $0.31-$0.38.
•On-Chain & Market Sentiment: Trading volume surged past $800M during the initial pump, followed by increased Open Interest-signs of institutional inflows. PayPal-backed hype faded post-listing, leading to profit-taking.
This Week's Forecast
•Bullish Scenario: $0.35 - $0.45
If $0.33-$0.34 support holds and momentum returns, a bounce toward $0.45 is possible.
•Neutral Range: $0.30 – $0.35
Likely consolidation as the market digests the blow-off top and reestablishes range.
•Bearish Scenario: $0.25 - $0.30
Failure to hold support may lead to deeper retracement toward $0.25.
Trade Plan
•Entry Zone: $0.32 - $0.33
•Take Profit 1: $0.35
•Take Profit 2: $0.45
•Stop Loss: Below $0.30
Strategy Insight
$NEWT has entered a price discovery phase following explosive gains. The current support zone around $0.32-$0.33 is critical-holding that level suggests range-bound recovery, while a bounce could fuel upside toward $0.45. A break lower risks a deeper pullback to $0.25.
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