NEIRO’s price has recently surged by 16% in the past 24 hours, now trading at $0.00168. The token boasts impressive weekly gains of nearly 50%, and its monthly performance is nothing short of remarkable with a jaw-dropping 2845% increase. Intraday price fluctuations reveal that NEIRO has moved between $0.001395 and $0.001872, highlighting its rapid price action.
In addition, NEIRO’s 24-hour trading volume has skyrocketed by 56%, reaching $1.16 billion, while futures open interest has surged by 23.66% to $168.43 million. Derivatives volume has also jumped an impressive 82.74%, reaching $4.09 billion. With these robust figures, First Neiro on Ethereum (NEIRO) appears to be riding a bullish wave, attracting significant investor interest and sparking discussions about future potential.
Trader Swaps SHIB for NEIRO: A Strategic Move
In a noteworthy market development, a well-known SHIB trader, celebrated for previously making $145 million, has made a pivotal swap from NEIROETH to NEIRO, igniting optimism about the token’s future. On-chain data reveals that the trader sold $1.22 million worth of NEIROETH at a 55% loss after holding it for a month. However, this strategic move was quickly followed by an acquisition of $1.45 million worth of NEIRO in the last 24 hours, bringing their total NEIRO holdings to $6.51 million. This move has already resulted in an unrealized profit of over 67%, showcasing the trader’s skill in seizing profit opportunities.
Market Optimism for NEIRO
The SHIB trader’s substantial accumulation of NEIRO has sparked considerable market interest, with many speculating that further gains could be on the horizon. Their unrealized profit of 32% on a $4.61 million position in FET demonstrates a strong track record in smart trading. Additionally, the trader holds 477.5 billion SHIB, suggesting potential movements for Shiba Inu in the near future.
Strong On-Chain Activity Fuels NEIRO’s Momentum
Beyond the trader's moves, NEIRO's robust on-chain activity serves as a bullish indicator. Recent reports highlight NEIRO's high engagement levels, which contribute to its growing momentum in the market. With rising prices, vigorous trading activity, and key trader support, NEIRO seems well-positioned for sustained gains, fostering optimism that its upward trend will continue.
Current Position of NEIRO
NEIRO recently achieved a new all-time high of $0.00154 on Oct. 7, following a breakout from a descending parallel channel. Many analysts forecast that the token may reach another peak of $0.00169, driven by bullish price action and positive indicator readings. While a correction could follow, the upward momentum appears to have more strength before it peaks.
— As we gear up for the next bull run, all eyes are on NEIRO! Have you taken note?
