$NEWT Showing Strength – Will Bulls Sustain the Breakout?
NEWT is currently trading at $0.3202, posting steady gains as it edges closer to short-term resistance. Volume is rising, and price action suggests an early-stage breakout. The next candle could confirm directional bias.
Key Levels to Watch
• Resistance Zone: $0.3225 – $0.3250
A break above this area may open the door to a stronger rally.
• Support Zone: $0.3170 – $0.3150
Holding this zone is crucial to avoid short-term downside risk.
Trade Setup – Pressure Building
Bullish Scenario
A breakout above $0.3250 may drive the next impulse targeting:
• TP1: $0.3300
• TP2: $0.3360
Bearish Scenario
If price drops below $0.3150, a correction toward lower levels may follow:
• TP1: $0.3100
• TP2: $0.3045
Price is nearing a decision point with volume backing the move. Traders should watch closely for a confirmed breakout or potential fakeout at the top range.