Binance Alpha Opens Second Phase of NEWT Airdrop Claims
NEWT Airdrop Announcement: The second phase of the NEWT token airdrop on Binance Alpha has started, allowing eligible users with at least 180 Alpha Points to claim 125 NEWT tokens. This initiative is supported by significant investors like PayPal Ventures and Polygon.
Market Impact and Trading Dynamics: Following the airdrop announcement, the value of the NEWT token surged by 40%, indicating strong investor confidence. Despite recent price corrections, trading volume remains high, reflecting active market interest in the Newton Protocol.
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Technical Analysis for NEWT
Technical Sentiment Analysis for Newton Protocol (NEWT) As of , Newton Protocol (NEWT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for NEWT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, NEWT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Newton Protocol (NEWT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.016 | 0.0373 | 0.0564 | 0.0777 | 0.0968 | 0.118 | 0.137 |
| Fibonacci | 0.0373 | 0.0527 | 0.0622 | 0.0777 | 0.0931 | 0.103 | 0.118 |
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