Take a look at the daily chart and market situation of $NEIRO , and let's talk about where it might go next.
First of all, the price has been falling consistently, and it is now at 0.00142, which is a decrease of 7.59% just yesterday. Moreover, both the short-term and long-term moving averages indicate that the market is not very optimistic, and it feels like everyone is bearish.
Looking at the trading volume, it has decreased recently compared to before, suggesting that the market is not as active, with fewer sellers but not many buyers either.
Speaking of price, there is a support level around 0.00139175; if this level cannot hold, it might continue to drop. Of course, if the price can rise above the short-term moving average of 0.00155586 and the long-term moving average of 0.00171661, the situation would improve.
If the Federal Reserve lowers interest rates, it could be good news for NEIRO, as more money might lead some people to shift from the stock market to the crypto market. In this case, NEIRO could see a slight increase. But if everyone remains cautious, the increase may not be significant.
With Christmas approaching, the market might behave a bit differently. Either people feel good and invest some money, leading to a price increase; or everyone takes time off for the holidays, resulting in fewer traders, which could cause price fluctuations to widen.
Overall, I think NEIRO might see a slight increase in the short term due to the Federal Reserve's interest rate cuts and the festive atmosphere of Christmas. However, the overall downward trend hasn’t changed, so we need to keep a close eye on that support level and trading volume. If trading volume increases, the rise could be more stable. In the short term, we still need to watch how the overall market moves.
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