Is It Too Late To Buy NEIRO? First Neiro On Ethereum Price Surges 33% And This Might Be The Next Crypto To Explode
Release: 2024/11/07 01:04 Reading: 738
First Neiro on Ethereum Surges 33% Amidst Crypto Market Rally
As of 7:30 a.m. EST, the First Neiro on Ethereum (NEIRO) has witnessed a surge of 33% within the past 24 hours, reaching a trading value of $0.001739. This significant increase has been accompanied by a 241% leap in trading volume, reaching $904 million.
The price surge coincides with a broader surge in the cryptocurrency market, propelled by the victory of Donald Trump in the recent US presidential election. Trump is set to embark on his second term as president in 2025, marking an extraordinary comeback despite past controversies.
Technical Indicators Support Bullish Sentiment for NEIRO
The NEIRO/USD chart provides promising bullish indications backed by key technical indicators. A prominent Golden Cross has emerged, where the 50-period moving average (in blue) has recently crossed above the 200-period moving average (in green), indicating a potential upward trend.
The price has also found a level of stability around $0.001400, acting as a support zone. This area has served as a foundation, preventing further price declines and supporting the recent bullish reversal. The price has risen from approximately $0.001400 to its current level of $0.001724.
MACD and RSI Reinforce Bullish Momentum
The MACD (Moving Average Convergence Divergence) indicator further supports this outlook, showing a bullish crossover where the MACD line (blue) has crossed above the signal line (orange). Combined with the expanding histogram bars, it suggests increasing bullish momentum.
The RSI (Relative Strength Index) currently stands at 73.41, above the overbought threshold of 70. While this suggests the possibility of an overbought condition in the short term, the strong upward movement and Golden Cross indicate that the bullish sentiment remains intact.
Key Levels to Monitor
Investors should pay attention to the $0.001650 level as a potential new support if the price manages to hold above it. Conversely, $0.001800 represents a significant resistance level that may pose a barrier to further gains.
Related News: Pepe Unchained Presale Surges Past $25 Million
As First Neiro on Ethereum gains traction, investors are also flocking to a PEPE-inspired meme coin, Pepe Unchained (PEPU). PEPU's presale has recently surpassed $25 million, making it one of the largest presales on record.
The bullish momentum has attracted whale purchases, including a recent $78,000 acquisition. Multiple Tier 1 exchanges have expressed interest in listing PEPU, and YouTube channel 99Bitcoins predicts a potential significant ROI from its launch.
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