[NEIRO surges to all-time high, buyer fatigue may undermine momentum]
The market may be on the verge of a correction as NEIRO moves into overbought territory. The 12-hour chart shows price approaching the upper Bollinger Bands, which typically signals increased volatility and possible overbought conditions. This is also confirmed by the Relative Strength Index (RSI), which currently stands at 74.93, indicating that the asset may face correction pressure at any time.
If selling pressure intensifies, NEIRO could drop back 18% to $0.0018. If this support line fails to hold, the price could drop a further 51% to $0.00091. However, if buyers return to the market, NEIRO is expected to revisit the $0.0023 highs and may attempt to break above this resistance.
