Is It Too Late To Buy NEIRO? Neiro Ethereum Price Pumped 13% As Traders Rush To Buy This ETH Layer 2 Crypto For Its 100X Potential/
Release: 2024/08/11 13:20 Reading: 861
The Neiro Ethereum price surged 10% in the last 24 hours, reaching $0.2218 as of 6:50 p.m. EST, with a 15% increase in trading volume to $21 million.
Neiro Ethereum has been a top performer, achieving a market capitalization of $260 million in less than two weeks.
Neiro Ethereum Price Analysis: Bullish Support Zone
NEIRO's price indicates a gradual uptrend, with the struggle for control resulting in a bullish channel pattern. Traders anticipate the bullish trend's continuation.
According to GeckoTerminal data, the recent dip from the channel's upper trendline at $0.2943 triggered a strong bullish response, establishing a solid support zone that has propelled the price higher.
While bears attempt to push the price down, bulls are determined to lift it back to the channel's upper trendline. If bulls dominate, they could drive the price above the channel, potentially leading to a rally that could set a new all-time high.
Neiro Ethereum Price Supported by Technical Indicators
NEIRO Ethereum trades below the 50 Simple Moving Average (SMA) but remains above the 200 SMA, indicating potential for further upward movement. This suggests positive sentiment and reduced selling pressure.
The Relative Strength Index (RSI) has been hovering around the 50 midline, with bulls attempting to push it higher. A sustained RSI above 70 could signal increased buying pressure.
The MACD indicator remains above the neutral level, despite a recent decline. There is optimism that bulls will regain control, potentially causing the MACD to rise again. The increasing bullish bars and a recent crossover above the signal line bolster bull traders' confidence, suggesting a continuation of the uptrend.
Neiro Ethereum Price Prediction: $0.4 in Sight?
Bulls are poised to drive the price higher, with support from technical indicators and moving averages. The Neiro Ethereum price could rally to a new high of $0.4435 in the coming weeks.
However, a bearish reversal could lead to a decline to the support level of $0.1964. Continued selling pressure may push the price further down towards the $0.1335 wedge trendline.
Pepe Unchained ($PEPU) Presale Surpasses $8 Million
The bullish outlook for Neiro Ethereum is echoed by the recent presale success of Pepe Unchained ($PEPU), which has raised over $8 million.
PEPU is a top-performing ICO this year, defying the meme coin selloff. It operates on its layer 2 network, providing faster transaction speeds, scalability, and lower fees compared to the previous PEPE layer 1 blockchain.
The project team aims for PEPU to achieve speeds up to 100 times faster than Ethereum-based meme coins.
Passive Income through Staking
PEPU's Layer 2 chain will include an explorer and offer token holders an impressive annual staking yield of 239%.
Analysts have highlighted PEPU's potential to lead the next bull market and become a top meme coin.
Investors can participate in the presale by purchasing tokens for $0.0089919. However, a price increase is anticipated within the next 10 hours.
[Disclaimer: The information in this article is provided for informational purposes only and should not be construed as financial advice. It is essential to conduct your own research and consult with a qualified financial advisor before making any investment decisions.]
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