Despite constant doubts, most people silently hold on for the long term. $NEIRO vividly illustrates the intertwining picture of market sentiment, manipulation, and resilience.
Current Situation Overview
Bottom Rebound:
The daily chart clearly shows that NEIRO has rebounded strongly from around 16, with the lowest price touching 15. As long as it does not drop below 15, the upward trend remains solid.
Support Level Test:
NEIRO has tested the price level of 16 multiple times, rebounding each time, but the increase has been somewhat weak. The forces on both sides are at a standstill, one side tests, while the other holds firm.
Long-term Consolidation:
A prolonged retracement period tests investors' patience. Many tokens that started at the same time as NEIRO have seen significant increases. The manipulators' strategy seems to be delaying the breakout to eliminate the weak-willed.
The common trick of market manipulators:
Exhausting retail investors' patience, forcing them to give up long-term holdings, thus clearing obstacles for the token's rise; those who understand this path remain unfazed and hold their ground.
Long-term Holding Accumulation:
Many investors who entered at the 28 price level are still holding on, hoping for a breakout. This has led to excessive concentration of holdings, and the market manipulators are extending the washout phase to test retail investors' psychological endurance.
Concern of Zero: Will NEIRO go to zero?
The answer is highly likely to be negative unless the entire bull market completely fizzles out; otherwise, NEIRO has no reason to return to zero, and confidence in its potential remains strong.
The Double-Edged Sword of Market Manipulators:
The manipulators' control has both advantages and disadvantages; although their intervention allows the token to survive, excessive manipulation has caused dissatisfaction among many retail investors. If prices continue to dip, more buyers may flood in, meaning that the market manipulators' continued use of old tactics will become unprofitable.
The Cornerstone of Confidence in NEIRO:
Despite facing challenges, NEIRO still has strong community support. The daily chart and MACD indicators both show a clear upward trend. If market manipulators change their strategy, NEIRO may finally welcome the long-awaited breakout from investors.
For NEIRO to truly soar, market manipulators must stop their shortsighted behavior of profiting off retail investors and broaden their vision. A collective rise driven by both retail investors and market manipulators is the key to unlocking NEIRO's true potential.
Market manipulators have been playing a long game, constantly testing retail investors' bottom line. However, with solid support levels, a resilient community atmosphere, and positive indicator signals, if manipulation behaviors decrease, NEIRO is expected to see significant gains.
