$NEIRO šÆšÆšÆšÆšÆ
š NEIRO/USDT Technical Analysis - 14th January 2025 š
As we move into the new week, letās take a look at the current trend for NEIRO/USDT. The pair is showing significant volatility with a 24-hour price drop of around 9.90%. However, it could present opportunities for traders looking to capitalize on short-term movements. Here's a deeper dive:
Current Price Overview:
Current Price: 0.00073502 USDT (ā Rs0.2048)
24h High: 0.00083319
24h Low: 0.00065389
Market Sentiment:
NEIRO has seen 101.20B NEIRO traded in the last 24 hours with 73.35M USDT in volume.
The pair's price has been fluctuating, indicating potential for breakout opportunities or consolidation depending on market sentiment.
Key Support & Resistance Levels:
Support Level 1: 0.00065389 (tested multiple times, could hold in case of a further dip)
Resistance Level 1: 0.00079403 (the price recently hit this on Binance, a key level to watch for breakout)
Target Levels šÆ (Short-Term):
1. Target 1: 0.00078500 (Expect a potential retest of recent highs. If the price breaks above this, we could see more upward momentum.)
2. Target 2: 0.00081500 (This level aligns with the psychological resistance near the 24-hour high. A break here could confirm a bullish trend.)
3. Target 3: 0.00085000 (Looking further ahead, this target lies just below the 0.00083319 high and could act as a strong resistance barrier for any potential uptrend.)
Indicators to Watch:
MA(5) & MA(10) show some short-term bullish movement, suggesting potential upside if price action maintains momentum.
Volume: Volume has been steady, with 961M NEIRO traded in the past 24 hours, suggesting that the market is active, but watch for any significant increases in volume for confirmation of trend direction.
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