$NEIRO Coin In-Depth Analysis
Recently, NEIRO has been particularly popular in the market. Although many people are complaining and questioning it, there are still quite a few who choose to hold silently and expect it to rise.
From a technical perspective, the daily chart of NEIRO seems to indicate a bottoming rebound, especially at the position of 16, where it has bounced back several times. Although it has dropped to 15, if it truly breaks below that, then the previous upward momentum will be lost. Currently, it is fluctuating around the position of 16; although it has risen a bit, it has not yet reached everyone's expectations.
Those who bought NEIRO know that this coin has been in correction for quite a long time and should be about to rise. They also understand that the market makers like to scare people away before starting to increase the price. Therefore, many choose to continue holding. There are also those who have been trapped since the price was at 28; they are adamant about not selling and are just waiting to break even. This makes it difficult for the price to rise, as the market makers need to clean up the market.
The mentality of retail investors has been worn down by the market, and now it depends on whether the market makers have a broader vision. Some people worry that NEIRO might drop to zero, but I don't think so. Unless this coin really doesn't want to play anymore, it is unlikely to just go to zero.
From the daily chart and MACD indicators, NEIRO still has potential for upward movement. But currently, the market makers are suppressing its rise. Those who understand NEIRO know that the market makers have a strong ability to manipulate the market. While being powerful has its advantages and disadvantages, continuously fighting with retail investors seems a bit petty.
If NEIRO drops again, there will definitely be more people eager to buy, so the market makers actually don’t need to play those tricks anymore. They should broaden their vision and leverage everyone’s confidence in NEIRO to make money together. One should keep a long-term perspective and not sacrifice the bigger picture for small profits.
Crypto Circle Insights, click my profile to follow me for more information. Enjoy strategies for deploying high-potential coins in a bull market and daily spot trading!