- Neiro Ethereum trades at $0.09135, after gaining 15% in the last 24 hours.
- A crypto whale draws attention with massive Neiro Ethereum accumulation.
The trading day opened with mixed signals, and the market cap reached $2.33 trillion. Bitcoin, the largest cryptocurrency, continues to trade within the $69 mark. Amid this, a whale has acquired nearly 8.02 million Neiro Ethereum tokens (NEIRO).
The whale associated with the wallet address 0x944 withdrew NEIRO, worth $782.74K, from the Bitget exchange. This transaction is the first instance of this particular whale accumulating NEIRO. Moreover, from the meme coins WOJAK and TURBO, the whale has earned hundreds of thousands of dollars in profit.
On the other hand, in October, NEIRO had a strategic partnership with DWF Labs. This collaboration aims to enhance the token’s market visibility, growth, and expand its user community. Further, this aims to place NEIRO in a significant role in the meme coin market.
Price Movement of NEIRO
Following this acquisition, the NEIRO price has witnessed a notable surge of 15%. In the morning hours, the asset traded at $0.09328 and managed to climb to a high of $0.1025. At press time, the token is trading at the $0.09135 mark. Besides, the daily trading volume is positioned at around $46.58 million, surging over 43%, according to CMC data.
Zooming in at the weekly price chart of NEIRO, a 44% increase has been observed. The week began trading at $0.06327; the steady upside correction triggered the asset to soar. Eventually, NEIRO hit a high of $0.1137 on October 28. The asset fluctuated severely but managed to trade within the current price level.
The technical analysis of NEIRO displays the current bullish market sentiment, and the asset is in the neutral zone as the daily RSI is positioned at 51.43. Moreover, the asset’s daily frame has placed the short-term 9-day moving average below the long-term 21-day moving average.
Furthermore, the Moving Average Convergence Divergence (MACD) indicator of NEIRO sits above the signal line, suggesting the upside pressure and the incoming bullish trend.
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Source: https://thenewscrypto.com/whale-accumulation-boosts-neiro-ethereum-token-rally/