#newt $NEWT
The NEWT chart reflects a dramatically **analytical** perspective over the past 24 hours. After a sharp selloff from the peak of $0.0502 down to a low of $0.0462, unexpected bottom-buying pressure appeared, causing the price to rebound strongly to the $0.0475 mark (-1.25%).
This reversal push lifted the candlestick range above the short-term support line MA(7) at $0.0471. Trading volume reached 13.23 million NEWT, and the RSI(6) index recovered to the neutral zone at 57.7, indicating that buyers are trying to regain control of the market. However, NEWT still needs further accumulation to break through the resistance band formed by MA(25) and MA(99) just above, in order to confirm a durable trend reversal.
@NewtonProtocol
The NEWT chart reflects a dramatically **analytical** perspective over the past 24 hours. After a sharp selloff from the peak of $0.0502 down to a low of $0.0462, unexpected bottom-buying pressure appeared, causing the price to rebound strongly to the $0.0475 mark (-1.25%).
This reversal push lifted the candlestick range above the short-term support line MA(7) at $0.0471. Trading volume reached 13.23 million NEWT, and the RSI(6) index recovered to the neutral zone at 57.7, indicating that buyers are trying to regain control of the market. However, NEWT still needs further accumulation to break through the resistance band formed by MA(25) and MA(99) just above, in order to confirm a durable trend reversal.
@NewtonProtocol