Release: 2024/08/18 12:59 Reading: 861
Neiro Price Surges Amidst Bullish Momentum
The Neiro price has skyrocketed by 35% in the past 24 hours, reaching $0.0001169 as of 08:51 p.m. EST. Trading volume has also increased by 22% to $36 million, indicating heightened investor interest.
Over the past seven days, NEIRO has experienced a remarkable 2,328% surge, according to Coingecko.
Neiro Price Prediction
After consolidating within the $0.0000060 range since August, the Neiro price has broken through to the upside in recent days. The bulls have taken control, propelling the price towards the $0.000147 resistance level.
Currently, the Neiro price is forming a symmetrical triangle pattern, with bulls aiming for a breakout above the pattern.
Technical Analysis
NEIRO trades well above both the 50 and 200 Simple Moving Averages (SMAs) on the hourly chart, suggesting a sustained uptrend. The Relative Strength Index (RSI) is also rebounding from the 50-midline, indicating increasing buying pressure.
If the bulls continue their dominance, Neiro could soar over the triangle, targeting $0.0001792 in the short term. Additionally, a golden cross has formed between the 50 SMA and 200 SMA, strengthening the bullish case.
However, if the bears push the price below the lower boundary of the triangle, NEIRO could retreat to $0.0000745 (50 SMA).
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