Double Bottom Pattern
As of June 11, 2025, Neiro (NEIRO) is exhibiting a complex chart pattern that suggests potential bullish momentum, though caution is advised due to mixed technical indicators.
📈 Current Chart Patterns
Double Bottom Formation: On the 4-hour chart, NEIRO is forming a double bottom pattern, indicating a potential reversal from a downtrend. The price has established support around $0.00037500 and is approaching the neckline resistance near $0.00043500. A breakout above this level could target $0.00049000 to $0.00053000.
Ascending Channel: The price is moving within a broader ascending channel, with recent candles showing potential bullish recovery. Key resistance levels to watch are $0.00214 and $0.00232.
Potential Diametric Pattern: Some analysts suggest a diametric pattern, which could indicate a substantial price reversal. Entry points are around $0.00176194 and $0.00153682, with a target area marked in red on the chart.
🔍 Technical Indicators
RSI: The Relative Strength Index is at 51.06, indicating a neutral market with no immediate overbought or oversold conditions.
MACD: The MACD line is close to the signal line, with a slight bearish bias, suggesting weak momentum in either direction.
Volume: Trading volume is relatively low at 3.628 billion, indicating reduced market activity, which often aligns with consolidation phases.
⚠️ Key Levels to Watch
Support: $0.00037500 (double bottom support), $0.00180 (horizontal support), $0.00150 (lower support level).
Resistance: $0.00043500 (neckline resistance), $0.00214 (ascending channel resistance), $0.00232 (previous high).
✅ Summary
NEIRO is currently navigating through a consolidation phase with potential bullish patterns forming. Traders should monitor key support and resistance levels, as well as volume and momentum indicators, to assess the likelihood of a breakout.