$NEIRO coin is up 49% in 24 hours – What’s next for the memecoin? - AMBCrypto Analytics

NEIRO surged by an impressive 49% within the past 24 hours, as memecoins kicked off the week with a sharp recovery. This rise coincided with Bitcoin’s (BTC) climb towards $64K, triggering optimism across the market. NEIRO’s rally began near the 38.2% Fibonacci retracement level, with trading volume seeing triple-digit growth, supported by a rise in OBV.

However, OBV has hit resistance around 997 billion. Failure to break this level could lead to a slowdown, with the RSI on lower time frames already signaling an overbought market. If profit-taking intensifies, NEIRO may cool off, with key support levels at $0.00119 (23.6% Fib) and $0.0009 (38.2% Fib). On the upside, an extended rally could push NEIRO to $0.002, particularly if BTC continues to rise.