NEIRO is currently trading around $0.00037188 with a daily trading volume of approximately $59 million and a market capitalization for the currency ranging from $156 to $158 million, indicating medium to high trading activity.
Technical indicators:
The moving averages indicate a downward trend in the short term, with strong sell signals.
The Relative Strength Index (RSI) shows levels of oversold conditions, which may indicate the possibility of a near bullish rebound.
The MACD indicator shows a negative crossover, reinforcing the likelihood of continued downward trend.
Support and resistance levels:
The primary support at $0.000371 represents the first line of defense for buying, and strong buying pressure usually exists around it. The secondary support at $0.000350, in case the price breaks the primary support, could be the next point to temporarily stop the decline, providing an opportunity for traders to enter at lower prices.
The near resistance of $0.000428 represents the first obstacle to any potential bullish rebound, as natural pressure increases, and the main resistance at $0.000587. If the price can break through the near resistance, this level is considered the next target for the upward movement and the market may experience strong fluctuations at this point before determining the next direction.
The currency is currently under downward pressure but may see a short-term rebound from the support level at $0.000371, with the possibility of testing resistance at $0.000428. Breaking the support may lead to further decline towards $0.000350.
In summary, NEIRO is currently under downward pressure, but nearby support levels may provide opportunities for a rebound, while monitoring resistance to determine the strength of any potential rise.
#BinanceSquareFamily $NEIRO #CryptoIn401k #BinanceSquareTalks $NEIRO #NEIRO #NEIROETH $NEIRO
