$NEIRO

NEIRO/USDT Analysis (Technical Analysis)

1. General Trend:

Current Price: 0.00017636 USDT.

Decrease of -7.31% in the last 24 hours.

The general trend shows a continuous decline with clear resistance at 0.00019515 and support at 0.00017107.

2. Technical Indicators:

Moving Averages (MA):

MA(7) = 0.00018449 (closer to the current price).

MA(25) = 0.00019515 (above the current price, indicating the continuation of the bearish trend).

MA(99) = 0.00024949 (very far, indicating weakness in bullish momentum).

Relative Strength Index (RSI):

RSI(6) = 27.65, which is in the oversold area (<30), possibly indicating a potential upward correction soon.

Stochastic RSI:

STOCH RSI = 24.77, which is also in the oversold area, increasing the likelihood of an upward rebound.

3. Forecast:

✔ If the price continues to hold above 0.00017107, we may see an upward rebound towards 0.00019515.

✔ If this support breaks, the decline may extend to 0.00015000 or lower.

✔ Trading volume should be monitored, as an increase with rising prices may indicate a trend change.

Recommendation:

Speculators may wait for a reversal signal before buying.

Caution should be taken regarding the break of the 0.00017107 level, as this may lead to further declines.

Long-term investors can take advantage of these levels to build gradual positions.