$NEIRO
From the chart, #NEIRO is still in a downward trend, but the current price is close to the downward trend line (blue line) and is about to face a key resistance test.
1. Trend Observation:
The price has not yet broken through the downward trend line and is still in a market structure dominated by bears. It is important to observe whether it can effectively break through this trend line. A breakthrough may initiate a new round of upward movement.
2. Key Resistance:
The current downward trend line continues to exert pressure on the price. If the bullish momentum is insufficient, it may lead to further price decline. If it can effectively break through the trend line and hold above it, the upward target can look towards the resistance area ahead (red horizontal line).
3. Potential Increase:
The potential increase target marked in the chart is 312.33%, but this requires the price to successfully break through the downward trend line and gain market support.
4. Volume Signal:
Current trading volume remains low, and it is important to observe whether there are signs of increased volume. If there is a breakthrough with increased volume, the validity of the breakout is stronger.
Conclusion:
NEIROUSDT has not yet broken through the downward trend line. In the short term, it is necessary to observe whether it can successfully break through and hold above it to confirm a trend reversal. Otherwise, if it is blocked, it may continue to maintain a downward trend or consolidate in a range. It is recommended to pay attention to changes in trading volume; if there is a breakthrough, it would be a good reference opportunity.
(Analysis for reference only!)