Price explosion for NEIRO!
After a period of calm, the NEIRO/USDT currency is experiencing a rocket-like rise that has attracted traders' attention, with gains exceeding 59% in just 24 hours. Will the upward momentum continue? Or is it time for a correction? Here is the complete technical analysis to understand the picture more clearly.
1. General Trend:
The trend has been strongly upward since the price rebounded from 0.00019490, with increasing momentum and clear buying interest.
2. Moving Averages:
• MA-7 is strongly bullish, supporting the short-term momentum.
• MA-25 has started to move upward, confirming a change in trend.
• MA-99 is still horizontal, but it indicates a gradual shift in the long-term trend.
3. RSI Indicators:
• RSI(6) = 86 and RSI(12) = 81: the currency is in the overbought zone, which warns of a possible temporary correction or price consolidation.
4. Resistance and Support:
• Current Resistance: 0.00071086
• Closest Strong Support: 0.00050964 (at MA-25)
5. Forecast:
• In case of a breakout: targeting 0.00078 then 0.00085.
• In case of correction: good support at MA-25, a buying opportunity.
Advice:
Hold onto profitable positions while adjusting the stop loss, and wait for corrections for a better entry.