$NEIRO MARKET UPDATE & QUICK ANALYSIS :
$NEIRO USDT is currently developing what’s
known as an expanding triangle on the
4-hour chart — a pattern where each swing grows
wider than the last, hinting at rising volatility and
the potential for a decisive breakout. Over the
past sessions, price climbed toward the upper
boundary of this formation but was sharply
rejected, producing a strong bearish candle that
cut below the mid-range. The move was backed
by a notable spike in selling volume, showing
that sellers are now in firm control.
The expanding triangle’s lower boundary now
becomes a critical support zone to watch.
If $NEIRO price breaks beneath it with strong
volume, the sell-off could accelerate as
stop-losses get triggered and momentum
shifts fully bearish. On the other hand, if
buyers defend this level, we could see a rapid
rebound back toward the upper boundary —
a typical behavior within this kind of pattern.
Momentum is already showing signs of weakness,
with RSI sitting around 39, which reflects
cooling bullish pressure. Key support rests
between 0.0003748 and 0.0003850, while
resistance is stacked between 0.0004424
and 0.0004800. How price reacts at these
levels will likely dictate the next major move,
and with volatility expanding, the breakout —
in either direction — could be explosive. 🔥🚀
DYOR
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