📉 Technical Analysis of $NEIRO 📉

Hello, Binance Square traders! Today we focus on the performance of $NEIRO /USDT, a token that has captured the market's attention due to its volatility. What can we expect in the upcoming sessions?

🔍 Quick Summary:

• Current Price: 0.00095783 USDT (-11.40% in 24h).

• Daily Volume: 102.33B NEIRO traded, equivalent to 103.83M USDT.

• 24h Range: 0.00093130 - 0.00112779 USDT.

📊 Daily Technical Analysis:

1. Trend:

• After a rally, $NEIRO has corrected significantly, entering a bearish phase. However, the current candle with a lower wick suggests that support at this level is being tested.

2. Key Levels:

• Resistance: 0.00116346 USDT. A breakout above this level could signal a shift towards a bullish trend.

• Support: 0.00095783 USDT. If this level fails, the next significant support is at 0.00085463 USDT.

3. Technical Indicators:

• Moving Averages:

• MA(5): 128,403,908,721.

• MA(10): 91,206,785,370.

Both are above the current price, confirming the bearish trend. However, the proximity to MA(5) may indicate potential resistance.

• Volume: Although still high, a slight decrease is observed, which could signal a cooling in selling pressure.

• RSI: Although not displayed, the strong correction suggests it might be in oversold territory.

💡 Market Sentiment:

With 59.36% purchases, there are signs of bullish interest, although bears still dominate in the short term.

🔔 Conclusion and Opportunities:

It is in a critical zone. If it can maintain above the current support and break the resistance at 0.00116346 USDT, we could see a trend change. For traders, these corrections represent a potential entry point, as long as price action is confirmed.