NEWT Coiling Near the Bottom — Bounce Incoming or Breakdown Ahead?
NEWT is currently trading at $0.3398, down -9.51% in the past 24 hours after facing rejection around $0.3753. The price is consolidating near the range low, with lower volatility and a growing buy wall — a possible signal of an incoming bounce.
Key Zones to Watch:
Resistance: $0.3425 – $0.3450
A clean breakout above this range could spark a short-term recovery move.
Support: $0.3370 – $0.3350
Losing this zone could lead to a deeper slide in price.
📊 Trade Outlook: Neutral with a Bullish Bias
Bullish Setup
Entry: Break above $0.3425
Target 1: $0.3480
Target 2: $0.3550
Bearish Setup
Entry: Breakdown below $0.3370
Target 1: $0.3320
Target 2: $0.3250
Volume Snapshot:
Volume is gradually picking up, and buyers make up 60.75% of the order book — showing clear interest at these discounted levels.
NEWT is right at a decision point — a breakout in either direction could spark rapid movement. Stay alert and manage risk tightly.
