First Neiro On Ethereum Price Prediction: NEIRO Pumps 8%, But Investors Are Flocking To This 2.0 PEPE For Parabolic Gains
Release: 2024/10/10 16:54 Reading: 364
First Neiro on Ethereum Surges with Continued Rally
In the past 24 hours, the price of First Neiro on Ethereum has soared by 8% to $0.001805 as of 00:34 a.m. EST, while trading volume dipped by 23% to $756 million.
Bullish Market Sentiment for First Neiro on Ethereum
Since mid-September, the price of First Neiro on Ethereum has been on an upward trajectory as buyers capitalize on the support level of $0.000049. Resistance at $0.001231 initially confined the price within a consolidation zone.
The bulls ultimately triumphed, leading to a parabolic surge followed by another consolidation phase. Currently, the bulls appear to be driving the price higher, with the token trading above both the 50-day and 200-day Simple Moving Averages (SMAs).
Technical Analysis
The Relative Strength Index (RSI) stands at 68.66, approaching the overbought territory (above 70). This indicates strong momentum, but it also suggests the possibility of an upcoming correction or consolidation.
The price action exhibits a bullish trend with higher-highs and higher-lows. Resistance levels at 0.0017-0.0018 have been breached, and based on the chart's green arrow projection, resistance could be encountered around 0.0020 or 0.0025.
Bullish Flag Pattern Formation
After the recent rally, a slight consolidation above the 50-day SMA has occurred, forming a potential bullish flag pattern. This pattern often precedes an upward breakout.
Consolidation and Support
If First Neiro on Ethereum falls below the 50-day SMA, it may retrace to support levels near 0.000784 (200-day SMA).
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