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$NEWT /USDT (Perpetual) — Technical Breakdown
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📈 Price Snapshot
Last Price: $0.6316
Mark Price: $0.6651
24h Change: +106.41% ✅
24h High / Low: $0.6464 / $0.2622
📊 Volume
Volume (NEWT): 899.67M
Volume (USDT): $416.41M
Vol (Current): 458.2M
MA(5): 123.5M
MA(10): 81.5M
> 🔥 Explosive volume — nearly 4x–5x the average, confirming a high-momentum breakout.
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🧱 Support & Resistance Levels
Resistance Zones (above):
$0.6657 → Breakout zone (above mark price)
$0.6464 → Recent high
Psych level: $0.70 (watch for seller traps or wicks)
Support Zones (below):
$0.5811 → First demand zone
$0.4966 → Strong structure support
$0.4120 → Pullback base
$0.3275 → Key fib support
$0.2622 → Extreme low (start of the rally)
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⚠️ Market Structure & Sentiment
This is a parabolic move, up >100% in a day.
Such moves often retrace sharply, even if the trend continues afterward.
Mark price above last price suggests buy-side pressure remains strong, but it may also be a sign of late longs entering.
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🧭 Trade Scenarios
🟩 Bullish Continuation (With Pullback)
Entry Zone: $0.58–$0.61 (retest of breakout)
Stop: $0.55
Target 1: $0.665
Target 2: $0.70+
Invalidation: Close below $0.49 (loss of structure)
🟥 Fade the Pump (Short-term Reversal Play)
Entry Zone: $0.64–$0.67
Stop: $0.69
Target 1: $0.58
Target 2: $0.50
Extended: $0.41
> ⚠️ Only for advanced traders — strong momentum could squeeze shorts fast.
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📌 Key Notes:
RSI likely overbought on 15m/1h — look for bearish divergence before fading.
If it consolidates above $0.60, it's forming a continuation flag, not a top.
Monitor volume decay and price rejection near highs for early signs of reversal.
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