The NEIRO currency is currently trading at $0.000385, recording a daily decline of -3.57%. The price has moved within a narrow range between $0.000387 – $0.000410 over the past 24 hours, reflecting a state of limited volatility amid light selling pressures.
Technical indicators:
Moving averages: the price is very close to its short-term averages, indicating a relative balance between supply and demand.
RSI: tends towards the neutral area, meaning the currency is not in a state of overbought or oversold, which may allow for sudden movement in either direction.
MACD: reflects weakness in momentum with a slight tendency towards the negative direction in the short term.
Support and resistance levels:
First support: at $0.000380, maintaining it is important to avoid a wider decline.
Second support: at $0.000360, breaking it may open the door for an additional downward wave.
First resistance: at $0.000410, surpassing it gives an initial signal for a return of momentum.
Second resistance: at $0.000430, breaking it enhances the chances of an extended rise.
The current NEIRO movement forecasts reflect a phase of horizontal accumulation after limited selling pressure. If the currency maintains support at $0.000380, we may see a short-term bounce to test resistance at $0.000410 – $0.000430. A break of support could lead to further declines towards $0.000360.
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