$NEIRO Next target analysis:
To identify the next target for NEIRO/USDT based on the current chart analysis, let’s set potential support and resistance levels:
1. Immediate Support:
The nearest support level is around 0.0018, which is where the price previously touched (bottom wick). If the price continues to fall, it may test this support level again.
2. Resistance Levels:
Short-Term Resistance: Around 0.00234 (near EMA 25). If the price breaks above this level, it could signal the start of a recovery.
Mid-Term Resistance: Around 0.00251 (recent peak), which is where the price previously faced rejection. If the price rallies beyond this, it may aim for higher targets.
3. Next Target (Upside):
If the price successfully breaks through 0.00234 and 0.00251 with strong buying momentum, the next target could be around 0.00262 or higher, based on previous swing highs.
4. Next Target (Downside):
If the support at 0.0018 fails, the next downside target may fall to around 0.0016 or lower, where it might find a stronger support zone.
Summary:
Immediate Upside Target: 0.00234
Further Upside Target: 0.00251 and potentially 0.00262 if momentum is strong.
Downside Target: 0.0018, then 0.0016 if the bearish trend continues.