Man, oh man, $NEWT chart is looking rough.
That initial pump was insane, but since then it's been a pretty steady bleed.
Price action is clearly bearish, making lower lows and lower highs consistently.
Not seeing any real signs of a bottom yet.
Volume is there, but it's not looking like accumulation, more like distribution or just sustained selling pressure after that initial spike.
No clear support levels holding up right now – every bounce has been short-lived.
Could see a move down towards that $0.30 range if this selling continues.
For now, seems like a waiting game.
Not touching this until some serious buying volume comes in to shift the trend.
Stay safe out there!