Whales are waiting for another breakout on $NEIRO đ„
Following a remarkable 46.46% rally over the past week, $NEIRO 's price continues to soar, outpacing other meme currencies. In the last 24 hours alone, NEIRO has gained 14.11%, with meme coin trade volume surging 48.04% to $1.17 billion.
A prominent whale, known for investing $145 million in Shiba Inu, has shifted focus to NEIRO. After exiting a losing investment, this whale acquired 841.6 million NEIRO tokens for $1.45 million, bringing their total holdings to 3.85 billion, valued at $6.51 million. This strategic move comes with a 67% unrealized profit of $2.67 million.
Technical indicators suggest NEIRO is consolidating after its impressive rise. The symmetrical triangle pattern indicates a potential breakout, with present signs favoring a positive outcome. The Relative Strength Index (RSI) remains strong at 60, and the Chaikin Money Flow (CMF) shows substantial inflows at +0.1.
While momentum has slowed slightly, NEIRO's ability to maintain above the 20-day Exponential Moving Average (EMA) is crucial for continued growth. Breaking the pattern's upper resistance could prolong the rally, targeting $0.001878 initially and potentially reaching $0.0023 in the short term.
Long-term projections indicate 10x growth potential and a $1 billion market cap. With whales continuing to invest in NEIRO, its prospects look promising.
