**NEIRO/USDT Analysis – A Meme Coin Under Pressure**
NEIRO, a meme coin, is currently trading at **$0.00021149**, down **-12.55%** in the last 24 hours. The price action shows clear bearish momentum, with the coin testing its **24h low of $0.00021034**.
### **Key Observations:**
- **Price Trend:** The coin is below all major moving averages (MA7, MA25, MA99), indicating strong bearish dominance. The MA(99) at **$0.00024136** acts as a key resistance.
- **Volume:** Despite high 24h volume (**50.89B NEIRO / $11.60M USDT**), the price continues to drop, suggesting selling pressure outweighs demand.
- **RSI(6):** At **8.147**, the coin is **deeply oversold**, which could lead to a short-term bounce, but without strong buying volume, any recovery may be weak.
- **Support & Resistance:**
- Immediate support: **$0.00021034** (24h low).
- Resistance levels: **$0.00021782 (MA7), $0.00022816 (MA25), $0.00024136 (MA99)**.
### **Short-Term Outlook:**
- **Bearish Continuation Likely:** With the RSI oversold but no reversal signals, further downside toward **$0.00020** is possible.
- **Potential Rebound?** If NEIRO holds above **$0.000210**, a minor relief rally toward **$0.000218 (MA7)** could occur, but traders should watch volume for confirmation.
### **Final Thoughts:**
NEIRO remains a high-risk meme coin with strong bearish momentum. Until the price reclaims **MA7** or shows a significant volume-backed reversal, caution is advised.
**Would you hold, sell, or wait for a dip-buy opportunity?** Let me know in the comments! 🚀🔻
*(Not financial advice. Always DYOR.)*
