technical analysis for $NEIRO /USDT with three target levels and trade momentum:
Current Price: 0.00214110 USDT
24h High: 0.00216000 USDT
24h Low: 0.00180121 USDT
Price Change: +14.93%
Trend Overview:
The market for NEIRO is currently in an uptrend, showing a strong recovery after the recent low of 0.00180121 USDT. The price has risen by nearly 15% in the last 24 hours, indicating buying pressure. The recent drop of 3.51% within 1 day could signal a slight consolidation before a potential continuation to higher levels.
2. Resistance Level 1: 0.00216000 USDT
The price has recently touched this level, which is a key resistance. If it breaks this resistance, NEIRO may gain momentum toward higher targets.
3. Resistance Level 2: 0.00230000 USDT
A continuation of upward momentum could target this level next. This would be a significant breakout level if NEIRO surpasses 0.00216000 USDT.
Trade Targets 🎯:
1. Target 1: 0.00216000 USDT
If the price breaks above 0.00216000, it could reach this target level quickly. Traders may look for buy positions around current levels with the expectation that it will break this resistance.
2. Target 2: 0.00225000 USDT
With bullish momentum continuing, the next target after surpassing 0.00216000 could be 0.00225000 USDT. This will require strong buying momentum.
3. Target 3: 0.00230000 USDT
The final target in this bullish scenario. If NEIRO holds above 0.00216000 and continues its upward movement, this level will be the next major resistance point.
Trade Momentum:
Bullish Momentum: NEIRO has shown a clear upward trend in the past 24 hours with strong buying interest. The 14.93% rise indicates that traders are accumulating NEIRO at lower levels.
Cautionary Note: While the short-term trend is bullish, the drop of 3.51% within the past day suggests some consolidation or possible correction. Traders should monitor price action closely for any signs of reversal or failure to break above the resistance level of 0.00216000.