$NEWT Cooling Off After Explosive Rally – Will Bulls Regain Control?
NEWT/USDT is currently trading at $0.6029, pulling back slightly after surging over 48% on the day. The chart shows price stalling beneath a major resistance near $0.70, with a key support forming just under the $0.60 mark. This pause may either lead to a healthy consolidation or a sharper correction—watch price reaction closely.
Key Levels to Watch:
• Immediate Support Zone: $0.5950 – $0.6000
Holding above this base could set up a continuation push toward recent highs.
• Resistance Zone: $0.6800 – $0.7000
Buyers need strong volume to clear this zone for the next leg higher.
Trade Setup – Post-Rally Decision Point:
Bullish Scenario
• Entry (Reclaim + Continuation): Above $0.6210
• Target 1: $0.6800
• Target 2: $0.7000
• Stop Loss: Below $0.5940
Bearish Scenario
• Entry (Break Below Support): Below $0.5940
• Target 1: $0.5600
• Target 2: $0.5250
• Stop Loss: Above $0.6210
NEWT posted a powerful move upward, but momentum has now slowed beneath a strong resistance area. If $0.5950 holds firm, another breakout could unfold. However, weakness below this level may lead to profit-taking and deeper retracement. Volume and reaction around support will be key to watch.