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$NEWT Analysis: Bottom Found or More Consolidation?
The Newton Protocol (NEWT) chart is showing some interesting action as we head further into January. After a period of volatility following its 2025 listing, we are seeing the price stabilize around the $0.10 level.
📊 Key Technical Highlights:
Current Price: Holding steady near $0.106 - $0.107.
Support Zone: Strong psychological and technical support is established at $0.091 - $0.095. Buyers have historically stepped in here to prevent a deeper slide.
Momentum: The RSI is hovering in neutral territory (~45), suggesting the "oversold" pressure from earlier weeks is cooling off.
Resistance: To confirm a bullish reversal, NEWT needs to clear the $0.123 level (23.6% Fibonacci retracement) with significant volume.
⚠️ What to Watch:
The market is currently digesting the January 24th token unlock. While major unlocks often cause "FUD," the fact that NEWT is holding its support levels suggests that much of the dilution risk might already be priced in.
Bullish Scenario: A breakout above $0.11 could trigger a move toward $0.15 as the AI-driven automation narrative gains steam.
Bearish Scenario: If BTC faces a correction and NEWT loses the $0.09 support, we might see a test of the all-time lows.
Strategy: Accumulating in the support zone or waiting for a confirmed breakout above $0.125 seems to be the play for many traders.
What’s your move on NEWT? Are you HODLing or waiting for a better entry? 👇
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