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Neiro ($NEIRO): Market Turmoil as Top Holder Dumps $3 Million Neiro ($NEIRO), the dog-themed meme coin, is navigating turbulent waters as one of its largest holders, Wintermute, offloaded $3 million worth of tokens. This unexpected move has stirred investor concerns and fueled fears of a bearish trend, even as the broader cryptocurrency market experiences bullish momentum. Let’s delve into the fundamental and technical aspects of this situation to understand the potential impact on $NEIRO's future. Wintermute’s Selloff and Market Implications Wintermute's Influence Wintermute, a well-known market maker and the second-largest $NEIRO holder, recently deposited 35 million tokens worth $3.08 million into Bybit. This action followed a prior withdrawal of 121.47 million tokens, highlighting Wintermute’s significant influence over $NEIRO’s market dynamics. With 108.95 million tokens still in possession, Wintermute holds 10.9% of the total supply. This concentration raises concerns that further selloffs could exert downward pressure on the price. Investor Sentiment: Market participants remain apprehensive about potential future selloffs. The recent $3 million dump has already disrupted $NEIRO’s price stability, and any additional moves by Wintermute could exacerbate volatility. Moreover, another major player, GSR Markets, holds 33.52 million tokens. Together, Wintermute and GSR control 14.25% of $NEIRO’s circulating supply, amplifying the risk of coordinated or large-scale selloffs. Strategic Partnership Amidst these bearish signals, there’s a silver lining. Neiro has partnered with DWF Labs, a prominent market maker known for strategic investments. This partnership could bolster $NEIRO’s market presence and inject liquidity, providing a buffer against future volatility. If leveraged correctly, this alliance might restore investor confidence and stabilize the token’s price trajectory. Technical Analysis: Bearish Signals Dominate As of the latest update, $NEIRO is trading around $0.076, experiencing a nearly 5% decline over the past 24 hours. The token’s intraday low and high were $0.0753 and $0.08385, respectively, indicating considerable volatility. Over the past week, $NEIRO has dipped by 10%, underperforming relative to other meme coins like Dogecoin and Pepe, which have shown strong gains during the same period. RSI and Moving Averages The Relative Strength Index (RSI) stands at 37, signaling an oversold condition. While this suggests a potential for a short-term rebound, the broader trend remains weak. The token is trading below key moving averages, which typically indicates bearish sentiment. Unless $NEIRO can break above these levels, the downtrend is likely to persist. Support and Resistance Levels If selling pressure continues, $NEIRO could test support near $0.060, aligning with the 23.8% Fibonacci retracement level—a critical zone for potential reversal. Conversely, resistance is capped at $0.0859. A break above this level could pave the way for a move toward $0.10, but such a scenario would require significant buying momentum and renewed investor confidence. Broader Market Context: Meme Coin Trends The overall meme coin market has experienced a resurgence, with tokens like Dogecoin, Pepe, and Bonk posting impressive gains. However, $NEIRO’s recent selloff contrasts sharply with this trend, underscoring its vulnerability to large holder actions. Investor sentiment in meme coins is highly volatile, and $NEIRO’s future performance will depend heavily on market perception and external factors, such as further announcements from Wintermute or positive developments from its partnerships. Conclusion Neiro’s recent selloff raises valid concerns about price stability, especially given the concentration of tokens among a few large holders. While technical indicators suggest a bearish outlook, strategic partnerships with firms like DWF Labs offer a glimmer of hope. Investors should remain cautious and closely monitor developments, particularly any further actions by major holders like Wintermute. In the near term, $NEIRO’s recovery hinges on its ability to maintain key support levels and capitalize on broader market momentum. For long-term viability, reducing dependence on large holders and fostering a more decentralized distribution will be crucial.
Short
by DEXWireNews
NEIROETH LOOKS BULLISH (NEW UPDATE)This analysis is an update of the analysis you see in the "Related publications" section This meme coin is risky and has a lot of volatility The supply zone specified in the previous analysis rejected the price more than 20% last time But now with the good news we have for crypto and the state of major indexes, it seems that this scenario is happening. We have an ABC where wave B was a diametric that ended. The wave B trend line has been broken and the price is retesting this trend line. By maintaining the green range, it can move towards the targets. The red box range is a strong and important supply. Closing a daily candle below the invalidation level will violate this analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
NEIROETH NEW UPDATE (BEARISH)This analysis is an update of the analysis you see in the "Related publications" section This meme coin is risky and has a lot of volatility The previous setup is canceled Based on the timing of the F wave, it appears that the F wave is just ending Also, the price has hit a supply range and a bearish trend line. This view is more correct for NEIROETH. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
1
First Neiro On Ethereum | NEIRO, Memes & Moontober Its Moontober and Neiro is 500% up since our first call so it's time to take a closer look at this rising star! On chain analysis shows that four major entities are holding considerable amounts of NEIRO, Alongside Wintermute, which has gained attention for its trading activities, three other notable market makers and a venture capital firm with large NEIRO holdings In addition to Wintermute, three other MMs and one VC are holding significant amounts of NEIRO_ETH in their wallets: – GSR: 15M – Toka_Labs: 5.114M – Auros_Global: 3.6M – Arrington: 5.107M The accumulation of NEIRO by prominent market makers and VC firms shows growing confidence in the token's potential. These sizable holdings could indicate that these entities are strategically positioning themselves for future market activity or price increases Investors and traders are expected to keep a close eye on NEIRO as these key players continue to maintain large stakes. The token's impressive price performance suggests it could attract even more trading interest from both institutional and retail investors like coinbase thinking why we don't make money while binance loads memes Currently, Neiro is priced at $0.0021, marking a 40% increase over the past 24 hours The circulating supply of Neiro is 420.69 billion tokens, which is also the maximum supply Neiro’s 24hour trading volume stands at $ 725 million, and it is traded across 22 markets and 17 exchanges, with Binance being the most active ( CZ is back babe! ) Neiro currently holds a 0.05% share of the entire cryptocurrency market, with a market capitalization of $911 million which is damn good One thing to watch out for: there are several fake cash grab Neiro tokens on various blockchains. So, when purchasing Neiro from DEXs, make sure to double check the contract address to avoid getting scammed Stay vigilant!
Long
by moonypto
NEIROETH, about to explode again soon, may retest 10x again.A new meme coin has emerged and caught the market’s attention with rapid price growth. It’s called Neiro Ethereum and is based on the OG doge meme coin. After launching, it has risen to a staggering $193 million market cap. But BTC and overall market selling pressure has dominated everything - and memes took the swipe too -- with so much volatility. From peaking at a parabolic high of 0.20, NEIRO retraced heavily to an outrageously bargain zone at minus 10x levels to 0.020 zone. Now, based on the latest daily data metrics. There is an apparent heavy accumulation at the current price range and a strong reversal to the upside is expected from here on. At a lighter mcap now, the bargain opportunity is too tempting to be missed. Spotted at 0.0250 Target: Back to previous peak at 0.20 TAYOR.
Long
by JSAL
63
NEIROETH is not bullish at the moment!Note: This is a MEME COIN, it is highly volatile, control the risk. Examining the structure, it appears to be in a major correction, which is now in wave C of this correction. Wave C looks like a FLAT, we are now at the end of wave C of this flat. It can move down while maintaining the red range. Closing a daily candle above the invalidation level will violate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
3
Neiro Ethereum ($NEIRO) Surges 10% on Partnering With DWF LabsNeiro Ethereum ($NEIRO), the dog-themed meme coin, has seen a sharp rise in market performance following a strategic partnership with DWF Labs, one of the leading Web3 investors and market makers. The collaboration has fueled positive market sentiment, driving the coin’s price up nearly 10%, with traders and investors eyeing further growth as the project positions itself for broader market expansion. DWF Labs Partnership Sparks Optimism On October 18, Neiro Ethereum made a major announcement on X (formerly Twitter), stating, “We are thrilled to partner with DWF Labs, a new generation Web3 investor and market maker.” The partnership is expected to bolster Neiro’s market presence and drive future growth. Market participants have reacted positively, as the meme coin continues to gain momentum with investors optimistic about the long-term prospects of this partnership. While details of the collaboration are yet to be fully disclosed, the news has already had an immediate impact on market sentiment. Traders and investors alike have shown increased interest, as evidenced by the rising price and trading volume of $NEIRO. Factors Driving NEIRO’s Price Surge This new partnership with DWF Labs is significant for several reasons. As a reputable market maker, DWF Labs can provide essential liquidity, stability, and market expansion for the Neiro Ethereum token. This collaboration comes at a crucial time when meme coins, especially those with strong community backing like $NEIRO, are becoming more integrated into mainstream crypto markets. With this partnership, Neiro ($NEIRO) aims to strengthen its market position, increase token liquidity, and expand its community presence. The coin’s 10% surge in price has caught the attention of investors, while the 17% spike in intraday trading volume reflects the positive market reception to the news. Technical Analysis At press time, $NEIRO is trading at $0.00197, up 10% in the past 24 hours. The coin's recent trading volume has surged by 17%, demonstrating robust buying interest from traders. On the technical side, $NEIRO is trading with a moderate Relative Strength Index (RSI) of 53, suggesting that the asset is neither overbought nor oversold, leaving room for more upward momentum. The token is currently moving above key moving averages, confirming a bullish continuation pattern. This pattern aligns with previous behavior where $NEIRO tends to spike following consolidation phases. If the bullish momentum fades, key support levels are expected around the $0.0017 pivot point, which should help stabilize the price. Furthermore, data from Coinglass reveals a 9% increase in open interest (OI) for $NEIRO futures contracts, bringing OI to $81.47 million. This, combined with a 13% rise in derivatives trading volume to $628.75 million, suggests increased speculative interest in the token and adds to the overall bullish outlook. Broader Market Context Neiro Ethereum’s rise is also in line with broader gains seen across the meme coin sector. Many meme tokens have experienced significant growth lately, capitalizing on increased speculative trading and renewed interest in the altcoin space. $NEIRO’s recent weekly and monthly price action underscores this trend, with gains of 7% and 32%, respectively. As the partnership with DWF Labs continues to unfold, market participants are eager to see how this collaboration impacts Neiro Ethereum’s long-term trajectory. With the token already making strides in a competitive sector, its price action remains under close watch as traders anticipate further developments. Conclusion The partnership between Neiro Ethereum and DWF Labs has ignited optimism across the market, resulting in a 10% surge in $NEIRO’s price. As a meme coin with growing traction, Neiro is poised to benefit from the increased liquidity, market growth, and community expansion this collaboration offers. With bullish technical indicators and strong market sentiment, $NEIRO may continue its upward momentum, solidifying its place in the meme coin space
Long
by DEXWireNews
NEIROUSDT: A Billion-Dollar Surge is Coming! After a successful breakout from resistance, NEIROUSDT has undergone a healthy retracement and is now bouncing back from strong support levels. With momentum building, we anticipate that NEIROUSDT will soon cross the $1 billion market cap, joining the ranks of the billion-dollar meme coin club. The current bullish trend in the meme coin market further supports our expectation of significant upward movement. Don’t miss out on this exciting opportunity—keep an eye on NEIROUSDT as it gears up for potential explosive gains! Happy trading! NEIROUSDT Currently trading at $0.00197 Buy level: Above $0.0019 Stop loss: Below $0.0015 TP1: $0.0022 TP2: $0.0025 TP3: $0.003 TP4: $0.004 Max Leverage 3x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
Whales doubling down on Neiro: is bullish momentum ahead?One of the whales swapped out a loss-making position in NEIROETH, selling 17.5 million tokens for $1.22 million. By exiting, the whale incurred a substantial 55% loss, amounting to $1.49 million, after holding the meme coin for just one month. In return, the whale doubled down on their investments in NEIRO, purchasing 841.6 million tokens for $1.45 million. This adds to their total holding of 3.85 billion NEIRO, worth $6.51 million, resulting in a 67% unrealized profit of $2.67 million, according to SpotOnChain data . Meanwhile, in 1-hour chart, Neiro broke out of symmetrical triangle pattern. This pattern indicates a period of consolidation as NEIRO seeks stability following a substantial rally. Most notably, the Relative Strength Index (RSI) remains in positive territory at 52, while neutral, it retains a bullish lean despite a slight slowdown in momentum. This sentiment is further supported by the Chaikin Money Flow (CMF), currently at +0.05, suggesting that inflows remain moderate. However, the MACD line has yet to retake its position above the signal line, indicating that bulls have not fully taken control. Traders should therefore monitor NEIRO’s ability to hold above the 20-day Exponential Moving Average (EMA) as a key support level to confirm a sustained uptrend. A repeated breakout above the upper resistance of the pattern could extend the growth streak, with an initial price target set at the $0.001878 resistance level, potentially leading to a new all-time high. From there, a conservative short-term target of $0.0023 seems plausible. However, taking a broader view, deeper analysis cites 10x potential long-term as credible, setting eyes on a SEED_TVCODER77_ETHBTCDATA:1B market cap.
Long
by paul_endeo
Is NEIRO poised for even greater bullish breakout?NEIRO crypto appeared to be forming the early stages of a bullish reversal after a period of consolidation and downward pressure. Analysts suggested the price may consolidate between $0.0034 and $0.0045 before making any significant upward movement. Crypto analyst Zen stated, “$NEIRO starting a bullish reversal imho.” He added that the price might consolidate within this range before breaking above the $0.006 resistance level. Once this resistance is broken, the next major target would be $0.00793, and a surge toward $0.01 could follow. According to Zen analysis, the $0.006 level stands out as the first major resistance to watch. If NEIRO breaks above this point, it could mark the start of stronger bullish momentum. The next key resistance at $0.00793 would serve as a potential trigger for further upward movement, possibly leading to a psychological target of $0.01. The price path projection indicates a possible retest of $0.006, followed by a push toward $0.00793. On the technical side, the 50 EMA ($0.003889) and 100 EMA ($0.003909) remained above the current price, indicating short-term resistance. The price appeared to be struggling to break past these levels, suggesting a possible consolidation phase. The RSI (Relative Strength Index) is slightly bearish at 46.25, indicating weak momentum and slight selling pressure. However, the RSI is not yet in oversold territory, suggesting that further declines may be limited. The MACD (Moving Average Convergence Divergence) showed little movement, with the lines hovering near the zero level, indicating a lack of strong directional momentum. This reinforced the likelihood of continued sideways movement until a breakout occurs.
Long
by paul_endeo
NEIRO | InformativeMEXC:NEIROETHUSDT Higher Highs (HH) and Higher Lows (HL): The indicator is identifying important market structure points where price forms higher highs and higher lows. These are indicative of an uptrend where the price is consistently making new highs and the pullbacks are higher than the previous ones. The last few points marked as "HL" suggest that the market is respecting these levels as higher lows, which could indicate a bullish continuation if the trend holds. Trendlines and Support/Resistance Levels: Several trendlines are drawn on the chart, indicating different angles of support and resistance. One ascending trendline is guiding the current higher lows. There are clearly defined horizontal levels such as "Bullish Line" (green), "Bearish Line" (red), "Target Price1," and "Target Price2," suggesting key psychological or technical areas that traders are watching. Price Action and Candlestick Patterns: The recent candlestick formations are relatively small, indicating a period of consolidation or low volatility after a strong uptrend. This consolidation might be building up for a breakout, and traders might look for signals such as a break above the recent highs or below the trendline support. RSI Indicator: The RSI is hovering around the 50-level, indicating a neutral momentum. A move above 70 would suggest overbought conditions, while below 30 would indicate oversold conditions. The RSI moving average crossover appears to show a potential upward momentum but remains relatively flat, which aligns with the current consolidation phase. Conclusion and Potential Trade Ideas: Bullish Scenario: If the price breaks above the most recent Higher High (HH) level with strong volume, it could indicate a continuation of the uptrend, targeting the next resistance level or "Target Price1." Bearish Scenario: If the price breaks below the ascending trendline and the last identified Higher Low (HL), it might suggest a trend reversal or a deeper pullback, targeting the "Bearish Line" or lower. Neutral Strategy: Given the current consolidation and neutral RSI, traders might also consider waiting for a confirmed breakout in either direction before taking a position.
by shkspr
1
Phemex Analysis #20 NEIROETH - A Rollercoaster Coin!NEIROETH, the latest listing on Phemex 3 days ago, but it has exhibited significant price fluctuations since its launch at 29th July 2024. 1. Initial Surge: NEIROETH experienced a remarkable 1990% increase to its all-time high within 11 days. 2. Sharp Correction: However, it subsequently underwent a 91.9% decline to its all-time low in less than 30 days. 3. Rebound: The price has since rebounded by 887%, currently trading at $0.178. While this volatile price action might seems risky for some investor, yet it's also bring significant gain for those who enter at the right time. Volatility is a Double-edge Sword. Here we list out a few potential future scenarios on NEIROETH, for us to make informed decision for our trade. 1. Breakout: If the price breaks above the $0.21 level with high volume, it may continue to rise, potentially reaching $0.235, $0.26, or even the all-time high of $0.289. 2. Bearish Drop: Alternatively, if the price falls below the $0.123 support level with high volume, it could continue to decline to $0.07 or $0.057. This might present a buying opportunity, but it's essential to avoid over-allocation. 3. Consolidation: While less likely, NEIROETH's price could consolidate around the $0.21 and $0.12 levels. In this scenario, Phemex Neutral Grid Bots might be a strategy to consider. Note: Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
Can $NEIRO become another billion-dollar blue chip meme?NEIRO on ETH just had a lot of exposure on the socials. $NEIRO, Ethereum memecoin price rallies +22% in the past 24 hours. Currently the number 1 coin traded on Dextool and it got listed on Bybit, MEXC, Gateio, and other exchanges. In bullish market circumstances this could do very well. Will this coin become one of the blue-chip memes, along with CRYPTOCAP:WIF , CRYPTOCAP:PEPE , and $BRETT? Technical Outlook: Neiro has been holding surprisingly well, although it's now at the first level of resistance. Any dip around .057 to .053 is a gift if you want to buy or accumulate. Possible Targets: $0.080 - short term $0.10 to $0.12 - mid term
Long
by Tealstreet