NEIRO’s price is coiling tightly near $0.00047500 as a symmetrical triangle nears its breaking point after weeks of narrowing range.
Traders are watching $0.00050075 closely, with shallow rejections hinting that sellers are fading and momentum may soon flip bullish.
Three higher lows and holding support at $0.00047332 point to growing buyer strength as NEIRO approaches a make-or-break setup.
NEIRO continues trading within a symmetrical triangle as volatility compresses near $0.00047500. Price action shows mounting tension, with traders anticipating a decisive breakout this week.
Symmetrical Triangle Builds Toward Critical Price Break
NEIRO has been tightening within a narrowing range, with the pattern forming over several weeks of reduced volatility. The chart structure reveals converging trendlines that are now pushing the asset toward an inflection point.
At the outset, it’s worth clarifying that current developments point to a deeper shift unfolding across the market landscape. Price rebounded sharply off the $0.00042000 support on May 31, reclaiming mid-triangle ground. According to analysts, the structure remains intact as long as NEIRO holds above this rebound zone.
Source: X
The triangle has respected both trendlines since early May, with recent candles coiling around $0.00046500. The analysis has provided additional insights on the 100-period moving average, which now flattens directly over the midpoint. This analysis shows that the MA has acted as resistance over recent sessions but is slowly weakening.
The analysis also pointed out that repeated rejections near $0.00050500—seen on May 22, 25, and June 2—suggest sellers are still active. However, these lower highs are increasingly shallow, reflecting reduced selling strength. A confirmed move above $0.00050500 would clear the way toward the $0.00058000 zone.
Key Support Holding as Traders Eye $0.00050000 Range
NEIRO’s triangle formation has continued to tighten as price respects both the support and resistance trendlines. The pattern shows a clear series of higher lows and a coiling structure, signaling growing pressure toward a decisive move.
Source: X
Support above $0.00047332 remains key, aligning with a long-standing green support band that provides a base for potential bullish continuation. NEIRO has printed higher lows across three separate cycles, reinforcing buying strength in this range.
Resistance near $0.00050075 must be cleared for momentum to build, with a potential rally target around $0.00060000 based on the pattern’s measured depth. However, failure to hold above $0.00044081 could expose $0.00039570 as the next major defense zone.
Market Analysts on X Flag Breakout Probability
What’s unfolding here suggests that broader forces are at play, with early signs hinting at imminent price expansion. The sentiment among traders is split; some expect an upside breakout, while others remain cautious.
Triangle compressions like this typically resolve with sharp movement, and current social sentiment shows traders positioning above $0.00047000. Lower wicks during recent dips suggest steady buyer activity supporting the price. Community chatter reinforces this outlook, with increasing focus on whether $0.00050075 will finally break. Market watchers on X agree that the next 48 hours could define NEIRO’s trend for June.
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