A brief analysis of the currency $NEIRO on the trend for the four-hour frame Indicator analysis RSI Indicator indicates approaching the overbought area MACD Indicator The MACD and DEA lines are still below zero However, there is convergence between them, and we may see a bullish crossover soon = a potential positive signal.
Support and resistance levels Strong support: 0.00039612 and 0.00028261 The most important resistance: 0.00062315 then 0.00071086
General analysis It is true that there is upward momentum, but it may face nearby resistance. The current movement is upward, but it is within a correction inside a downward trend.
If the price breaks the trend line (near 0.00062) and closes above it with strong volume, it can be considered the beginning of a shift in the overall direction to bullish.
However, if it rejects this line, the price may return to test MA50 or previous support areas. $NEIRO
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