📈 Analysis of the coin NEWT / USDT

Current price: $0.5853

Maximum (today): $0.7547

Minimum (today): $0.3807

Trading volume of NEWT (24h): $369.17 million

Trading volume in the pair with USDT (24h): $211.06 million

🔍 Technical analysis: Bullish flag

After a sharp rise, NEWT entered a consolidation phase, forming a bullish flag — this is one of the most reliable continuation patterns.

Signs of the pattern:

Sharp upward impulse (flagpole)

Consolidation in a descending/sideways channel (the cloth)

Holding above key support levels

Increased volume during the rise (confirmed by volume of $369 million)

🔧 Levels to watch:

Support: $0.5000 – $0.5400

Resistance: $0.6600 – $0.7500

Target on breakout upwards: $0.95 – $1.00

⚠️ Conclusion:

The coin shows signs of accumulation before a possible breakout. Upon confirmation of the flag breakout — one can expect a continuation of the rise. However, it is important to closely monitor volumes and behavior at the levels of $0.66 and $0.75.