The recent surge of $NEWT can be summarized as the big players taking retail investors on a ride in a "high-tech concept game". This project has developed a so-called "blockchain automated butler", which sounds impressive, and recently it has indeed combined several popular technologies—ERC-4337 smart accounts, zero-knowledge proofs. Stuffing these terms into a white paper instantly makes it a hot topic in the eyes of institutions.
Just look at that candlestick chart; a large bullish candle shot up directly, and the trading volume suddenly expanded to 440 million tokens, clearly indicating that large funds are buying up. These people are quite clever, specifically packaging the hottest concepts like AI + blockchain, account abstraction, and ZK proofs, akin to giving an old house a coat of gold paint, making it instantly look high-end.
Now the price is hovering around $0.68, having nearly risen 40% in the weekly chart without much pullback, indicating that the chips are locked in. One can imagine that for this small market cap coin, the big player can easily control the market by forming a group. However, it's worth noting that the RSI is already overbought, and a pullback could happen at any moment. If Bitcoin experiences a sudden drop at this time, coins that have surged sharply often suffer the worst.
So, you need to be smart about this; if the volume breaks below this level, don't hesitate to run. Remember, these surging coins are like a roller coaster—exciting, but you must wear your seatbelt!
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