Technical Analysis – $NEWT

Current Price: $0.4231

24H Change: +8.18%

Volume: High (NEWToken: 137.66M)

Timeframe: 4H

Indicators: MA(7), MA(25), MA(99)

📊 Chart Insights: $NEWT

✅ Bullish Signals:

1. Golden Cross on Short-Term MAs:

MA(7) has crossed above MA(25), indicating a short-term bullish trend.

Price is currently trading above both MA(7) and MA(25) — confirming upside momentum.

2. Volume Support:

Volume spikes visible during upward moves suggest strong buyer interest.

Healthy volume supports price action sustainability.

3. Higher Lows Forming:

From the bottom at $0.3526, price has printed multiple higher lows, a classic uptrend structure.

4. Resistance Testing:

Price recently tested $0.4297 (24H high) — break above this can confirm next leg up.

⚠️ Bearish/Neutral Notes:

1. Immediate Resistance:

Strong resistance seen at $0.430–$0.435 zone.

Watch for rejection or low-volume breakout here.

2. Wick Rejections in Past Candles:

Long upper wicks show sellers are still active near highs — not a clean breakout yet.

3. Overextension Risk:

Short-term RSI or MACD (not shown) could be approaching overbought