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.
NEIROUSDT
Neiro and 2 memecoins may skyrocket as Binance reveals listingThe cryptocurrency market is abuzz as Binance announces its latest listings, which include NEIRO, TURBO, and BabyDoge. This decision by the prominent exchange platform could significantly influence their market trajectories.
Binance has announced the addition of three new cryptocurrencies to its platform. Starting on September 16, 2024, at 10:00 UTC, users will be able to trade Neiro (NEIRO), Turbo (TURBO), and Baby Dogecoin. These tokens will be available in several trading pairs. Investors must conduct thorough research before trading these new tokens on other platforms. This step helps in safeguarding their investments against potential scams.
NEIRO has recently experienced a price dip. In contrast, TURBO and BabyDoge have notably increased their market prices, demonstrating a strong bullish pattern and fostering optimism among their holders.
In a promising development for cryptocurrency enthusiasts, Binance has announced the addition of Neiro, Turbo, and Baby DogeCoin to its trading platform. This strategic expansion could significantly impact the altcoin market. If the price of Neiro continues to gain momentum, it could rally to $0.08. If this trend persists, a surge toward $0.1 in the near term might be on the horizon.
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.
NEIROETH: Completed impulse? Levels to watch!If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
There is a potential for an completed impulse up here, not the most ideal look and the 3 wave move up could mean there is a flat in the works...
But I think the main level we have to watch is the 0.1168 area.
A sweep of the level would be ok, but a break of the level could lead to it turning into resistance and a revisit of some lower prices.
Trade Safe,
Trade Clarity.
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
THE BREAK OF NEIROETH - NEIRONEIRO/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets.
The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time.
90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin.
NEIRO has the possibility to break.
