First Neiro On Ethereum Price Soars 9% In A Week, But Experts Say Consider This PEPE Upgrade For 100X Gains
Release: 2024/10/31 17:07 Reading: 422
The First Neiro On Ethereum Surges, Challenging Resistance
The First Neiro On Ethereum (NEIRO) has witnessed a remarkable 9% price increase in the past week, with a recent 2% surge pushing its current value to $0.001712. This growth comes despite a 2% decline in the overall meme coin sector's market capitalization.
NEIRO Price Attempts Resistance Breakout
NEIRO's price is currently challenging the $0.001765 resistance level. If traders successfully overcome this hurdle, NEIRO could gain momentum for further upward movement, reaching the subsequent resistance at $0.002147.
Potential Resistance Rejection and Downtrend
However, failure to break above $0.001765 could trigger sell pressure, potentially driving NEIRO's price down to the immediate support at $0.001358. Continued selling could lead to a decline to $0.001025.
Technical Indicators Suggest Possible Correction
Technical indicators on NEIRO's 4-hour chart indicate signs of possible correction. The Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) suggest diminishing buyer strength and waning bullish momentum. RSI readings have dropped, indicating a potential loss of control by buyers, while the negative slope of the RSI line suggests this trend may continue. The gap between the MACD and MACD Signal lines is also narrowing, hinting at a potential bearish crossover.
Pepe Unchained: A Scalable Alternative
As technicals suggest bearish signals for NEIRO, investors may consider exploring layer-2 meme coin rival Pepe Unchained (PEPU), which has garnered significant attention with its successful presale.
PEPU's Scalable Framework for Meme Coins
Meme coins have dominated the crypto market this year, but experts predict an impending supercycle that could overwhelm layer-1 networks. Pepe Unchained's layer-2 network aims to provide a scalable solution with 100 times faster transaction speeds and reduced network fees.
PEPU's Ecosystem and Development Support
PEPU's lightning-fast blockchain will be accessible to the wider meme coin market, offering the necessary infrastructure for handling the anticipated surge in hype and transaction volume. Additionally, the project's developer grant program will foster the creation of meme coin-focused decentralized applications.
Analyst Forecasts 100X Surge for PEPU
An analyst from the 99Bitcoins YouTube channel, with over 706K subscribers, has predicted a potential 100X surge for PEPU following its launch. Investors can still participate in the project's presale at $0.01199, offering the best value before an imminent price hike in less than 48 hours.
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