{"id":648079,"date":"2024-10-16T03:30:44","date_gmt":"2024-10-16T03:30:44","guid":{"rendered":"https:\/\/wncen.com\/?p=648079"},"modified":"2024-10-15T13:37:43","modified_gmt":"2024-10-15T13:37:43","slug":"neiro-coin-blows-up-5540-in-30-days-is-a-crash-imminent","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/neiro-coin-blows-up-5540-in-30-days-is-a-crash-imminent\/","title":{"rendered":"Neiro Coin Blows Up 4,608%\u2014Can It Sustain The Momentum?"},"content":{"rendered":"

Neiro Coin (NEIRO) has captured the attention of the crypto market, experiencing a whopping 4,608% increase in value within a mere 30 days. The memecoin’s extraordinary 48x return in a single month was a result of its precipitous rise from $0.000039 to $0.002.<\/p>\n

\"\"<\/p>\n

\r\nNeiro explodes in price in the last month. Source: Coingecko<\/a><\/pre>\n
Related Reading: Dogecoin Revival: Active Addresses Skyrocket To Highest Level In 8 Months<\/a><\/div>\n
Despite this dramatic rally, the coin has slowed down its momentum, losing 15% from its peak of $0.0022. Price forecast from CoinCodex<\/a> still calls for further increases in the future for the cryptocurrency, foreseen to reach 219%, getting up to a price of $0.019284 by November 2024, as traders start wondering if this is only the beginning of a much more massive drop.<\/p>\n
\"\"
Source: CoinCodex<\/a><\/figcaption><\/figure>\n
In the short term, traders are concerned with whether Neiro’s retracement is temporary or if the memecoin has reached its maximum potential. However, this long-term forecast indicates the possibility of substantial upside.<\/p>\n
Retracement Strikes Critical Support<\/h2>\n
Neiro’s recent drop in price coincided with a daily bullish order block, causing the price to fall to a critical support level\u2014the 23% Fibonacci retracement area\u2014at the time of publication. These levels are essential because they have the potential to provide the necessary support to prevent further declines. The bulls would proceed to the 37% Fib level as their subsequent line of defense if the retracement persists.<\/p>\n
\"\"
NEIROETHUSDT trading at $0,104 on the daily chart: TradingView.com<\/a><\/figcaption><\/figure>\n
Neiro’s stochastic RSI indicates an oversold condition, which suggests a potential rebound. Furthermore, the RSI continues to exceed the neutral 50 level, which serves to bolster the likelihood of a price reversal. If momentum returns, some analysts predict that Neiro could increase to $0.0027, which would be a 20% increase from its current value.<\/p>\n
\"\"
Neiro price action in the last 30 days. Source: Coingecko<\/a><\/figcaption><\/figure>\n
Longs Predominate, But Sentiment Is Neutral<\/h2>\n
Market sentiment remains neutral, despite the presence of positive technical signals. The Weighed Sentiment is at the median level, which indicates that there is uncertainty regarding whether Neiro will continue to rise or encounter additional selling pressure. The coin’s substantial rally has resulted in a decrease in supply outside of exchanges, which suggests that some investors have taken profits.<\/p>\n
Related Reading: Tron Token Burn: 10 Million Gone\u2014What Does It Mean For TRX Price?\u00a0<\/a><\/div>\n
<\/div>\n
\"\"
Source: Coinglass<\/figcaption><\/figure>\n
But for the successful traders, there is still a glimmer of hope. Using the Binance Top Trader Long\/Short ratio, 58% of traders are still net long on Neiro and thus expect an extended ascent. Traders will be watching above resistance at $0.0027 and support at $0.0017 over the next days to see how the memecoin goes forward.<\/p>\n
Over the past month, Neiro has recorded 18 out of 30 green days, or 60%, with a notable price volatility of 26.66%. These factors suggest that now may be an opportune time for potential buyers.<\/p>\n
Looking Ahead: Is A Bigger Rally Possible?<\/h3>\n
As Neiro’s volatility plays out, traders should track important support and resistance levels for now. The next significant movement for this high-flying memecoin might go either way since both technical indicators and market mood give conflicting signals.<\/p>\n
Featured image from KuCoin, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Neiro Coin (NEIRO) has captured the attention of the crypto market, experiencing a whopping 4,608% increase in value within a mere 30 days. The memecoin’s extraordinary 48x return in a single month was a result of its precipitous rise from $0.000039 to $0.002. Neiro explodes in price in the last month. Source: Coingecko Related Reading: Dogecoin Revival: Active Addresses Skyrocket To Highest Level In 8 Months Despite this dramatic rally, the coin has slowed down its momentum, losing 15% from its peak of $0.0022. Price forecast from CoinCodex still calls for further increases in the future for the cryptocurrency, foreseen to reach 219%, getting up to a price of $0.019284 by November 2024, as traders start wondering if this is only the beginning of a much more massive drop. In the short term, traders are concerned with whether Neiro’s retracement is temporary or if the memecoin has reached its maximum potential. However, this long-term forecast indicates the possibility of substantial upside. Retracement Strikes Critical Support Neiro’s recent drop in price coincided with a daily bullish order block, causing the price to fall to a critical support level\u2014the 23% Fibonacci retracement area\u2014at the time of publication. These levels are essential because they have the potential to provide the necessary support to prevent further declines. The bulls would proceed to the 37% Fib level as their subsequent line of defense if the retracement persists. Neiro’s stochastic RSI indicates an oversold condition, which suggests a potential rebound. Furthermore, the RSI continues to exceed the neutral 50 level, which serves to bolster the likelihood of a price reversal. If momentum returns, some analysts predict that Neiro could increase to $0.0027, which would be a 20% increase from its current value. Longs Predominate, But Sentiment Is Neutral Market sentiment remains neutral, despite the presence of positive technical signals. The Weighed Sentiment is at the median level, which indicates that there is uncertainty regarding whether Neiro will continue to rise or encounter additional selling pressure. The coin’s substantial rally has resulted in a decrease in supply outside of exchanges, which suggests that some investors have taken profits. Related Reading: Tron Token Burn: 10 Million Gone\u2014What Does It Mean For TRX Price?\u00a0 But for the successful traders, there is still a glimmer of hope. Using the Binance Top Trader Long\/Short ratio, 58% of traders are still net long on Neiro and thus expect an extended ascent. Traders will be watching above resistance at $0.0027 and support at $0.0017 over the next days to see how the memecoin goes forward. Over the past month, Neiro has recorded 18 out of 30 green days, or 60%, with a notable price volatility of 26.66%. These factors suggest that now may be an opportune time for potential buyers. Looking Ahead: Is A Bigger Rally Possible? As Neiro’s volatility plays out, traders should track important support and resistance levels for now. The next significant movement for this high-flying memecoin might go either way since both technical indicators and market mood give conflicting signals. Featured image from KuCoin, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":648092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,83767,92836],"class_list":["post-648079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-meme-coins","tag-neiro"],"acf":[],"yoast_head":"\nNeiro Coin Blows Up 5,540% In 30 Days\u2014Is A Crash Imminent?<\/title>\n<meta name=\"description\" content=\"Neiro Coin (NEIRO) has captured the attention of the crypto market, experiencing a whopping 4,608% increase in value within a mere 30 days. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Neiro Coin Blows Up 4,608%\u2014Can It Sustain The Momentum?","url":"http:\/\/wncen.com\/news\/neiro-coin-blows-up-5540-in-30-days-is-a-crash-imminent\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/neiro-coin-blows-up-5540-in-30-days-is-a-crash-imminent\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/A_cd205e.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/A_cd205e.png?fit=1600%2C700"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","crypto","meme coins","neiro"],"dateCreated":"2024-10-16T03:30:44Z","datePublished":"2024-10-16T03:30:44Z","dateModified":"2024-10-16T03:30:44Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Neiro Coin Blows Up 4,608%\\u2014Can It Sustain The Momentum?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/neiro-coin-blows-up-5540-in-30-days-is-a-crash-imminent\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/neiro-coin-blows-up-5540-in-30-days-is-a-crash-imminent\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/A_cd205e.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/A_cd205e.png?fit=1600%2C700\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"crypto\",\"meme coins\",\"neiro\"],\"dateCreated\":\"2024-10-16T03:30:44Z\",\"datePublished\":\"2024-10-16T03:30:44Z\",\"dateModified\":\"2024-10-16T03:30:44Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/A_cd205e.png?fit=1600%2C700","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/648079"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=648079"}],"version-history":[{"count":10,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/648079\/revisions"}],"predecessor-version":[{"id":648096,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/648079\/revisions\/648096"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/648092"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=648079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=648079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=648079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}