$NEWT 🔥

has shown a short-term upward surge from $0.2934, peaking near $0.3072 before a minor pullback. This indicates bullish momentum amid volatility, but the broader trend remains cautious.

Current Price: $0.3026 (▼ -0.72%)

24h Range: $0.2872 – $0.3078

24h Volume: 7.79M NEWT ($2.32M)

📈 Technical Insights:

5-day MA (87,411.2) is below 10-day MA (107,545.4) → long-term bias still weak.

Volume picked up (bars up to 225K), supporting the bounce, but overall activity is moderate.

MACD & RSI suggest possible overbought risk if the price keeps climbing.

🔑 Levels to Watch:

Resistance: $0.3078 (break above could fuel more gains)

Support: $0.2872 (key to hold for stability)

📉 Broader Trend:

7-day: -13.19%

30-day: -6.55%

👉 Despite today’s bounce, broader market pressure remains negative.

📊 Order Book: Slightly bullish (58.66% bids), but liquidity is thin. Any sudden spike in volume could trigger sharp moves.

Outlook:

If NEWT can break above $0.3078, a short-term recovery looks possible. Failure to hold $0.2872 may push the price lower.

💭 Traders, do you see this as a recovery opportunity or just a temporary bounce?