$NEIRO Faces a Setback — A Challenging Call, But Still Hopeful

If there was ever a moment to exercise caution, it’s now.

#NEIRO /USDT has taken a significant hit, plummeting -17.42% to $0.00023097 after peaking at $0.00028170 earlier today. The price action tells a clear story: after reaching a high of $0.00031874 just a few days ago, it has steadily declined. For those holding onto their position, this drop stings, but the journey isn't over yet.

Here’s the breakdown:

Prediction: Tested but not out

Entry point: Likely around $0.00028

Current price: $0.00023097

Loss: ~-18% from recent highs

Confidence level: Fragile, but not finished. If buyers step in near support, a bounce is still possible.

Chart Breakdown

24h High: $0.00028170

24h Low: $0.00022593

Volume (NEIRO): 91.37B

Volume (USDT): 22.95M

The downtrend began after NEIRO faced resistance at $0.00031874 and couldn’t maintain momentum. On the 4-hour chart, a consistent pattern of lower highs and lower lows emerges, with sellers in control. The price is hovering just above the day's low, indicating that the support level around $0.000225 is being tested.

Why This Matters

This drop isn’t merely a price correction — it’s indicative of a liquidity squeeze. The high trading volume points to significant selling pressure, and unless buyers step in soon, further declines are possible.

What’s Next?

If NEIRO manages to hold above $0.000225, there’s a chance for a short-term bounce, targeting:

$0.00024 – A key resistance that must be reclaimed.

$0.00026 – A stronger resistance that could prevent upward momentum.

However, caution is necessary. If the support fails, the next major level could be around $0.00021. Risk management is crucial here. Consider using trailing stop-losses or partial exits to minimize potential damage.

Final Thoughts?