Watch out for NEIROETH/USDT, family! 🚨 The latest price of $0.09247 shows a drop of -17.74% for the day. It seems the bears are having their way!

If we look at the moving averages, the MA(7) at $0.09286 and the MA(25) at $0.09407 are above the current price, which is a clear signal of a short-term downtrend. The MA(99) at $0.09183 is slightly below, which could act as support, but selling pressure is evident. The maximum in 24h was $0.10233 and the minimum was $0.07246, indicating significant volatility.

In the Long/Short average, short positions overwhelmingly dominate. This confirms the bearish market sentiment, with most traders betting on a continuation of the drop. The bulls are retreating!

The Taker Volume of Buy/Sell is also revealing. Although there are spikes in buying volume, the taker selling volume has been more consistent and occasionally higher, indicating that the selling pressure remains strong. It's a battle where the sellers are gaining ground.

The most concerning is the "Base" chart. The futures price premium over the price index has consistently and significantly been in negative territory. Such a marked negative base suggests that the futures market is much more pessimistic than the spot price, or even that there is an attempt to manipulate the futures price to create panic and force liquidations. It's a clear indicator that something is not quite right!

In summary, NEIROETHUSDT is in a clear downtrend, with market sentiment dominated by shorts and strong selling pressure. The negative base in futures adds a layer of caution, suggesting that there may be orchestrated movements. Traders should be extremely cautious and consider key resistance levels at $0.09286 and $0.09407 for possible rebounds, but the overall outlook is bearish. HODL with a lot of thought and risk management. #NEIROETHUSDT $LTC $AVAX