NEWT/USDT

📈 Current Price & Performance

Price: $0.6426

24h Change: +114.20% — very strong intraday gain

24h High: $0.8600

24h Low: $0.3000

Volume: High (NEW: 180.40M; USDT: 121.08M) — indicates strong trader interest.

🔍 Technical Observations

1️⃣ Trend:

Although the pair surged dramatically, the recent short-term trend shows a pullback from the high near $0.86 down to $0.64.

The price is currently below the MA60 (0.7092), which indicates short-term selling pressure.

2️⃣ Support & Resistance:

Support: Around $0.60 — multiple touches show buyers stepping in there.

Resistance: Near $0.70–$0.71 (MA60 zone) and $0.86 (24h high).

3️⃣ Volume:

High green volume bars earlier indicate strong buying, but recent red bars show profit-taking.

4️⃣ Moving Averages:

MA(5) is below MA(10), and both are flat to declining slightly — a sign that momentum is cooling.

✅ Summary

Momentum: Still bullish on the day due to +114% gain, but momentum has slowed in the last few candles.

Short-term Bias: Cautiously bullish but watch for a pullback to $0.60 or bounce back toward $0.70+.

Actionable idea: If holding, consider trailing stop-loss near $0.60. If planning to enter, look for a confirmation bounce above MA60 or a reversal candle on lower timeframes.