$NEIRO Next target:
To predict the next target for NEIRO/USDT based on this chart, you can consider a few technical indicators visible here:
1. Moving Averages (EMA): The chart shows three EMAs (7, 25, and 99 periods). When shorter EMAs cross above longer EMAs, it typically indicates a bullish trend, while the opposite suggests a bearish trend. Currently, it seems that the shorter EMAs are slightly trending down after a peak, which could imply a potential consolidation or pullback.
2. RSI (Relative Strength Index): The RSI of 36.5 suggests the asset is close to being oversold (below 30 is typically considered oversold). If it drops further, it may indicate a buying opportunity.
3. Stochastic RSI: The value of around 3.6 indicates that the asset might be in oversold territory. A potential upward reversal could be on the horizon if the price holds support.
4. Support and Resistance Levels: Based on the price movements, it appears that the recent support level is around 0.0022, with resistance near 0.0028. The price might bounce between these levels if the trend continues sideways.
5. Volume: Volume trends can confirm the strength of a movement. If the volume increases with an upward price movement, it can confirm a potential breakout toward a new target.
For the next target, observe whether the price can break above the recent high of 0.0027. If it does, it could aim for 0.0030 or higher. However, if it falls below 0.0022, the next support may be around 0.0020.
