Technical Analysis: $NEIRO

/USDT

The NEIRO/USDT pair is currently showcasing bullish momentum, trading at $0.001198. Following a significant uptick of +23.74% over the past 24 hours, traders are keenly watching key resistance and support levels.

Key Levels to Watch:

1. First Target: $0.001238

This level marks a critical resistance point. A sustained break above this level could signal further upward momentum and attract additional buying interest.

2. Second Target: $0.001300

If NEIRO can successfully breach the first target, the next psychological barrier is at $0.001300. This level aligns with historical price action and could serve as a new support level.

3. Third Target: $0.001350

A breakout above $0.001300 opens the door to the $0.001350 level, where traders will look for potential profit-taking opportunities. Monitoring volume at this stage will be crucial to confirm the strength of the upward trend.

Support Level:

Immediate Support: $0.000968

A drop below this support could signal a reversal, so traders should be cautious if this level is tested.

Moving Averages:

MA(2): $0.00102447

MA(25): $0.00098696

MA(99): $0.00103498

Conclusion:

With bullish sentiment and volume increasing, NEIRO/USDT is positioned for potential upward movements. Keep an eye on the mentioned target levels for trading opportunities, and stay updated with market trends for informed decision-making.