NEIRO is currently trading around $0.00036, with slow movement leaning towards slight selling pressure. The market shows clear hesitation as the price has been stuck between significant support and resistance levels recently.
Technical Indicators:
The RSI is moving around level 46, reflecting a state of neutrality closer to weakness.
The MACD indicator is still negative, confirming the absence of upward momentum.
Most moving averages indicate selling, especially on medium and long time frames, where the 50-day average is at $0.000447 and the 200-day average is at $0.000717, both significantly above the current price.
Support and Resistance Levels:
The main support at $0.00035 is a potential rebound area, and breaking it downwards opens the way for a deeper decline.
The main resistance at $0.00041 is the main barrier against any real upward movement.
In summary, the technical situation for NEIRO leans towards general negativity despite some short-term signals that invite optimism. However, the bigger picture indicates that the market is still under the control of sellers, and any upward rebound will not be impactful unless the main resistance is broken firmly. Until then, the most likely scenario remains selling pressure with a possibility of extended decline.
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