Can NEIRO Hit $0.17 After a Major Price Surge?
Release: 2024/10/07 18:57 Reading: 962
NEIRO Surges Over 46%, Liquidations Reach $7.20 Million
NEIRO has witnessed a remarkable increase of over 46% in the past 24 hours, reaching $0.001445. The market experienced liquidations amounting to $7.20 million for NEIRO.
On-Chain Activity Indicates Whale Activity
On-chain data reveals significant whale activity, with one buyer purchasing 1.466 billion NEIRO for $1.8 million. Over three trades, the whale has accumulated an $824K profit.
Technical Analysis Points to Bullish Momentum
NEIRO's Relative Strength Index (RSI) exceeds 75, indicating overbought conditions. The 9-day and 21-day moving averages are below the current price, further supporting bullish sentiment.
Indicators Suggest Potential Resistance
The Chaikin Money Flow (CMF) of 0.25 indicates strong money flow, and trading volume has increased by 358% to $826 million. If NEIRO breaks through $0.001512, it could reach the $0.001600 resistance level.
Conclusion
NEIRO continues to gain momentum, with technical indicators pointing to a potential test of key resistance. However, a drop below $0.001410 could lead to consolidation or a decline.
Disclaimer: The views expressed are solely the author's and not investment advice. Consult reputable sources and conduct thorough research before making any financial decisions.
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