Current price situation:

Current price: approximately $0.00038135

All-time high: $0.0030927 (November 2024).

All-time low: $0.000002433 (February 2024).

Market capitalization: approximately $165.32 million, with a daily trading volume of $27.79 million.

Market ranking: #260 globally by market capitalization.

Technical analysis:

General trend: Short-term bullish, the coin is moving within an ascending range on a 4-hour timeframe, showing signs of gradual recovery after a sharp correction from its peak at $0.0031729 to levels of $0.00035581.

The daily chart shows a sideways trend pattern, indicating current price stability with a possibility of a bullish or bearish breakout soon.

Technical indicators:

Moving averages (EMA): Current price above EMA moving averages (7, 25, 99), reinforcing the short-term upward trend.

Positive crossover between EMA (7) and EMA (25) on the weekly timeframe, indicating the start of potential upward momentum.

MACD indicator: Shows a shy bullish crossover with a positive difference between DIF ($0.00004551) and DEA ($0.00002193), reflecting strong buying momentum.

Improvement in the indicator supports the likelihood of the upward wave continuing, but volatility may impact.

Relative Strength Index (RSI): Approaching the overbought area (K=80.35, D=65.81), indicating a potential temporary correction if it reaches full saturation levels.

Indicates a gradual return of strength after a period of selling exhaustion.

Gann Box tool: On the 4-hour timeframe, the price is at the upper limit of the 0.5 area, indicating a potential resistance point or upward breakout if momentum continues.

Support and resistance levels:

Support:

Main support: $0.00038 – $0.00039 → Current support area, from which the price recently bounced.

Secondary support: $0.0003585 → Point C in the descending pattern and 200-day moving average.

Last support (Stop-loss): $0.00030 → Breaching it may indicate a deeper correction.

Resistance:

Nearby resistance: $0.00044 – $0.00047 → Previous high.

Next resistance: $0.00051 – $0.000553 → Short-term Fibonacci levels.

Psychological resistance: $0.00056 → Potential re-test target.

Notes:

Trading volume: High (238.66 billion NEIRO vs. 99.44 million USDT in 24 hours), reflecting strong activity and increasing demand.

A 158% increase in inflows (828.54 million NEIRO tokens) indicates selling activity from long-term holders, which may temporarily pressure the price.

Future outlook: Year 2025: Optimistic (Bullish): could reach $0.0054 if positive momentum and community support continue.

Bearish: could drop to $0.000032 if it fails to maintain current support.

A level of $0.001 is considered a realistic target if media and community support continues.

Influencing factors:

Positives: Strong community support and transparency in management, with the project linked to charitable work (donations to animal shelters).

Listing of the coin on Binance and other platforms like HTX, enhancing liquidity and trust.

Support from prominent figures like Vitalik Buterin, increasing credibility.

Risks:

Being a meme coin, its price movements may be driven more by sentiment than fundamentals.

Potential price correction due to current overbought conditions.

The absence of a clear technical roadmap may limit the attraction for large investors.

Recommendations: 🔥🚀

Potential entry points:

Buy at support levels of $0.00035581 while monitoring trading volume to confirm momentum.

Sell points:

Target resistance levels at $0.00044 or $0.00047, with an expected temporary correction if RSI approaches overbought conditions.

Risk management:

Due to the volatility of meme coins, it is advisable to set a stop-loss at 5-10% below the entry price and allocate a small portion of the portfolio (1-3%) for this investment.

Conclusion: NEIRO shows bullish potential in the short term backed by positive technical indicators (EMA, MACD) and strong community momentum. However, caution should be taken regarding the volatility associated with meme coins and the potential for overbought conditions. Investing in NEIRO is considered a high-risk opportunity with potentially high returns.

$NEIRO $NEIRO #NEIRO $NEIRO #NEIROETH #NEIRO #CryptoIn401k #BinanceSquareFamily