First Neiro On Ethereum Price Soars 26% As This Layer-2 PEPE Closes On $15 Million
Release: 2024/09/24 15:49 Reading: 657
Surge in First Neiro On Ethereum Price
In a 24-hour surge, First Neiro On Ethereum's price has soared over 26%, trading at $0.001192 as of 11:32 a.m. EST. This escalation reflects the growing interest in the canine-themed token among investors.
The recent surge has propelled the NEIRO price over 220% higher in the past week. A broader view from the monthly time frame reveals an astronomical 2,967% surge within the last month.
Key Support for First Neiro On Ethereum
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4-hour chart for NEIRO/USD (Source: GeckoTerminal)
First Neiro On Ethereum has established a new resistance level at $0.001406, which has been tested and followed by a pullback. The closest support at $0.001126 is currently being tested. A breach below this crucial level could trigger a decline to $0.000809 or even $0.000505 in a highly bearish scenario.
Conversely, if the price maintains above $0.001126 for the next 8 hours, it could prevent a short-term decline. This scenario presents a potential long opportunity for traders, potentially pushing the meme coin above the $0.001406 resistance.
Weakening Technical Strength for First Neiro On Ethereum
Technical indicators on NEIRO's 4-hour chart suggest a bearish outlook for the upcoming trading day. Both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicate a decline in buyer strength and momentum.
The MACD line is approaching the MACD Signal line, potentially indicating a short-term bearish trend reversal. Confirmation will occur if the MACD line crosses below the MACD Signal line.
The RSI has also declined over the past few hours. While it remains comfortably above the 50 benchmark, the negative slope suggests that bears may soon gain the upper hand.
If these technical indicators are validated in the coming hours, First Neiro On Ethereum price will likely lose the $0.001126 support and become vulnerable to a sell-off.
Alternative Meme Coin Investment
Given the weakening technical strength of NEIRO, investors may consider alternative meme coins such as the Layer-2 meme coin ICO Pepe Unchained (PEPU), which has raised over $14.9 million in one of the year's most successful presales.
Pepe Unchained: Enhancing Meme Coin Scalability
Pepe Unchained (PEPU) aims to enhance the scalability of the popular PEPE token and the broader meme coin market through a dedicated Layer-2 chain. The surge in meme coin popularity has strained the capacity of hosting blockchain networks, leading to outages on both Solana and TON.
With its own network, Pepe Unchained will alleviate this issue by transferring the transaction processing of meme coins away from the congested Ethereum mainnet. By assuming this computational workload, Pepe Unchained will enable meme coins' growth without risking network disruptions.
High Yield Staking and Upcoming Price Hike
PEPU, which has become the third-largest meme coin by market cap, will be the initial focus of the project. Holders can anticipate transaction speeds 100 times faster than any Ethereum-based meme coin and significantly reduced transaction costs.
Once PEPE has been successfully scaled, it is likely that other current and future meme coins will join the Pepe Unchained ecosystem to access its lightning-fast network.
Popular YouTuber Clinix Crypto recently predicted a potential 10X surge for PEPU following its launch.
Presale purchasers have already invested over $14.9 million in PEPU, which is priced at $0.00984. Staking purchased tokens offers a competitive 141% Annual Percentage Yield.
Interested investors are urged to purchase PEPU before a price increase in less than 34 hours.
Purchase and stake PEPU here for up to 141% in annual rewards.
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