$NEIRO Will decline to 0.0012 at the end of the November:

Predicting whether NEIRO/USDT will decline to 0.00120 by the end of November depends on a mix of technical indicators, market sentiment, and overall trend strength. Here’s what to consider:

1. Trend Momentum:

The current trend is bearish, as indicated by the price being below key EMAs. If this bearish trend continues, deeper declines could be possible.

2. Support Levels:

The main immediate support is around 0.0018. If the price breaks below this, it could test lower support levels, such as 0.0016 and then potentially 0.0014 before reaching 0.0012.

3. Market Sentiment and Volume:

Volume trends are crucial. If there is consistent selling pressure without strong buyer interest, the chances of a decline toward 0.00120 increase.

Any positive news or overall crypto market rally could prevent such a deep drop. However, if sentiment remains negative or neutral, the downtrend may continue.

4. Stochastic RSI and RSI:

Both the Stochastic RSI and regular RSI are nearing oversold territory. If they dip significantly into oversold levels without a reversal, it could indicate a strong downtrend and potential for further price drops.

5. Broader Market Trends:

NEIRO/USDT’s movement is also likely influenced by broader market conditions. If the crypto market enters a strong downtrend in November, it could add additional pressure on NEIRO.

Probability of Reaching 0.00120:

While reaching 0.00120 is possible, it would require significant bearish momentum and breaking through multiple support levels. For now, 0.0016 and 0.0014 are more realistic near-term support levels. Watch for:

Breaks below 0.0018 and 0.0016

Continuation of selling volume and bearish indicators

In these conditions persist, the possibility of a further decline toward 0.00120 increases.