$NEWT near $0.35 — Is the 1.618 Fibonacci extension within reach or is consolidation the path forward?

1) Yesterday’s Recap – August 12, 2025

1H Timeframe

$NEWT exhibited a fairly narrow intraday range, fluctuating between $0.33 and $0.355. RSI stayed around neutral, around 50–55, showing neither strong buying nor selling pressure. MACD was flat, confirming subdued momentum. Trading volume remained moderate — the market appeared to be in a state of equilibrium.

4H Timeframe

Support held robustly near $0.33, reinforcing short-term bullish foundations. There were slight volume upticks during the day, especially when price approached the top of the range, indicating some buyer interest. RSI hovered at ~56, and MACD retained a flat-to-positive tone, signaling cautious bullish bias.

Key Fibonacci Levels (swing: $0.33 → $0.355):

  • 38.2%: $0.3405

  • 50%: $0.3425

  • 61.8%: $0.3445

  • 1.618 extension: $0.3785 (potential breakout target)

2) Current Market – August 13, 2025

Today, the $NEWT token is trading at around $0.349, near the upper end of the previous day’s range.

  • 1H Chart: RSI ~55 (modestly bullish). MACD is slightly positive. Volume remains stable—no dramatic movement thus far.

  • 4H Chart: Price remains above $0.3445 (61.8%), preserving bullish range structure. RSI ~57 indicates underlying strength, MACD positive but flat. Volume is steady, indicating traders are watching for a breakout signal.

New swing levels (low → current high: $0.33 → $0.355):

  • 38.2%: $0.3405

  • 50%: $0.3425

  • 61.8%: $0.3445

  • 1.618 ext: $0.3785

3) Volume Analysis

  • Sellers are not asserting control despite minor dips — selling volume remains low.

  • Accumulation appears slow but steady — volume increases during higher tests suggest latent buying pressure.

  • A clear breakout will require a significant increase in volume, particularly above the Fibonacci resistance zones.

4) Outlook

  • Bullish scenario:
    A breakout above $0.355 with growing volume could push prices toward $0.365, then $0.3785 (1.618 extension), and depending on momentum, possibly higher.

  • Bearish scenario:
    Should the price fall below $0.3445 with increased selling, it may revisit support at $0.33, and potentially drop to $0.32 if downside intensifies.

5) LONG Setup (breakout strategy)

  • Entry: ≥ $0.355 (after confirmed 1H close above)

  • Stop Loss: $0.3425

  • TP1: $0.3650

  • TP2: $0.3785 (Fibonacci 1.618)

  • TP3: $0.3900

Rationale: Enter following confirmed breakout, use Fibonacci confluence for SL, tiered TPs protect profits approaching key

6) SHORT Setup (fade/consolidation)

  • Entry: < $0.3445

  • Stop Loss: $0.3500

  • TP1: $0.3350

  • TP2: $0.3300

  • TP3: $0.3200

Rationale: Fade at upper resistance with tight risk management, suitable for range-bound environments.

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