$NEIRO / USDT | Technical Analysis 📉

Current Price: $0.00047329

24H Change: +25.57%

Timeframe: 1H

🔺 Trend: Bullish Momentum with Early Signs of Exhaustion

NEIRO has shown strong upward momentum, rallying from a low of $0.00035307 to a high of $0.00052394. The price is currently pulling back after failing to hold above the 9 EMA ($0.00048335), now hovering just above the 20 EMA ($0.00046614). This reflects a short-term cool-off phase while still above key support levels.

📌 Potential Entry Zone (Pullback Reversal Play): $0.00046000 – $0.00047000

🎯 Target 1: $0.00049500 (local resistance / recent intraday rejection)

🎯 Target 2: $0.00052390 (24H high)

🛑 Stop Loss: $0.00044400 (below EMA-50 and breakout support)

📊 Indicators & Insights:

RSI(9): 51.32 → Cooling off from overbought; currently neutral. Suggests a pause in momentum.

Volume: Elevated overall, but declining on recent red candles. This may indicate profit-taking or distribution.

EMA Analysis: Price is above EMA-20, EMA-50, and EMA-100, confirming a bullish short-term structure. A break below EMA-20 may trigger deeper retracement to EMA-50 at $0.00042954.

Price Action: Clean breakout occurred above $0.00038212 zone; current consolidation could form a bullish flag if volume increases.

⚠️ Caution:

NEIRO remains in a short-term uptrend, but momentum has slowed. Watch for RSI divergence, bearish candle formations, or failure to hold EMA-20 as signals of a deeper pullback. Continuation requires strong volume support above $0.00049500.