Based on the NEIRO/USDT coin chart image on the 1-hour (1H) time frame on Binance, here is a brief technical analysis:
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📉 Current Price
0.00038343 USDT
Up +4.24%
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🧠 Trend Analysis
Short-Term Trend: Down (Bearish)
The current price is below MA(7) and MA(25) → indicating that selling pressure is more dominant.
MA(7) = 0.00039082
MA(25) = 0.00044170 ⇒ A Death Cross has occurred, which means the short MA crosses below the long MA → bearish signal.
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📊 MACD
MACD = -0.00000925
DEA = -0.00000853
The red histogram is shortening → bearish momentum is still present but starting to decrease, may approach a reversal point if divergence occurs.
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📉 STOCH RSI
%K = 9.02
%D = 7.12 ⇒ This is very oversold → potential for a price bounce (rebound) in the near future.
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📈 Volume
Volume tends to decrease after a large spike → this indicates that buying interest is starting to weaken, but it could also signal accumulation at the bottom.
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⚠️ Support and Resistance
Strong support: 0.00035294 (24-hour low)
Nearest resistance: 0.00044170 (MA25) and 0.00048775 (previous upper consolidation line)
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📌 Strategy Conclusion
It’s not the right time to enter aggressively, as the trend is still down.
However, because the RSI is very oversold, it could be a moment for short-term scalp trading if there is a price rebound.
If you want to take a buy position, make sure to wait for confirmation of a strong green candle + increased volume near the support area.
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