Can NEIRO Hit $0.17 After a Major Price Surge?

• NEIRO enters into the $0.001445 range, with an increase of over 46%.
• The market witnessed NEIRO liquidation of $7.20 million.

The meme coin market is priced in green, the prices are returning from their recent lows. Along with the dog-themed meme coin, First Neiro On Ethereum (NEIRO) has registered an increase of over 46% in the past 24 hours. 

The meme coin opens the day at $0.000986. As the day progressed, the price climbed up. The meme coin currently trades at $0.001445. In the last 24 hours, the asset recorded the lowest price at $0.0009746, and the highest at $0.001502, according to CMC data. Moreover, the market witnessed NEIRO liquidation of $7.20 million as per CoinGlass. 

On the other hand, the on-chain data reveals that a NEIRO buyer has swapped 190.5 billion PEPE and 6 ETH for 1.466 billion NEIRO, worth $1.8 million. From August 15 to September 26, the whale made 3 trades in NEIRO, earning a profit of $824K.

Will NEIRO Continue the Current Momentum?

NEIRO recorded a notable 1969% gain over the past thirty days. The peak price was noted at $0.001287. The upside price momentum continued over the past week with a 41% increase. The asset began trading at $0.001045, gradually sliding to $0.0008587. 

The asset’s daily relative strength index (RSI) is sitting above 75, in the overbought ground in the market. Besides, the daily frame of NEIRO highlights the bullish state as the short-term 9-day and long-term 21-day moving averages were noted below the current price.

In addition, the Chaikin Money Flow (CMF) is noted at 0.25, indicating increased money flow and the asset’s trading volume has increased by 358% to $826 million. 

NEIRO’s successful breakout at $0.001512 could pave the way for the asset to likely test the key resistance at the $0.001600 range. Conversely, if the asset falls below the $0.001410 mark, it might step into the consolidation period. It potentially could push the asset’s price to a low of $0.001300 zone or even lower.  

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Highlighted Crypto News

Bitget BGB Faces Major Dip Followed by Rapid Rebound