$NEWT USDT Perpetual Market Analysis Shows Cautious Recovery Amid Broader Weakness
#NEWT USDT Perpetual is currently trading around the 0.0853 zone, reflecting short-term consolidation after a sharp pullback from the recent high near 0.0979. The market has printed a 24-hour low around 0.0804, indicating that buyers are attempting to defend lower levels, but overall momentum remains fragile. On the 1-hour timeframe, price action is moving slightly above the short-term moving averages, with MA(7) and MA(25) clustered near the current price. This suggests early stabilization but not a confirmed trend reversal yet. The long-term MA(99) remains significantly higher, acting as a strong dynamic resistance and highlighting that the broader structure is still bearish.
Volume over the last 24 hours remains healthy, which shows active participation from both buyers and sellers. However, the recent red candles after the local top signal profit-taking and cautious sentiment among traders. The small bullish candles forming near 0.0850 suggest accumulation, but follow-through buying is still limited. As long as price holds above the 0.0815–0.0800 support zone, a slow grind toward the 0.0880–0.0900 resistance area is possible. A clear break above this region could open the door for a retest of 0.0970.
On the downside, failure to hold current levels may lead to renewed selling pressure and another test of the previous swing low. Overall, is in a wait-and-watch phase where patience and risk management are key, especially for leveraged traders.
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