$NEWT NEWT/USDT (1h) Testing Rising Wedge Support
NEWT/USDT is trading inside a rising wedge on the 1H chart, with both trendlines sloping higher while gradually converging. Price is forming higher highs and higher lows, but the narrowing structure can signal weakening bullish momentum.
Price is currently around $0.0483, testing the lower rising trendline. A confirmed 1H breakdown below roughly $0.0480–$0.0482 could validate the bearish wedge setup and open the way toward the $0.0447–$0.0448 measured target area.
A bounce from support would keep the wedge active, while a breakout above the upp