The cryptocurrency market continues to ride a bullish wave, with Bitcoin (BTC) achieving new all-time highs in the wake of Donald Trump’s recent U.S. election victory and his pro-crypto stance. This positive market sentiment has spurred significant rallies in a number of memecoins, including First Neiro on Ethereum ($NEIRO ) and Goatseus Maximus ( #GOAT ), both of which posted notable gains yesterday. NEIRO and GOAT led the gainers list, with NEIRO surging by 30% and GOAT by 45%, each reaching their respective all-time highs (ATHs). However, today’s trading session has seen both coins pull back slightly, with NEIRO down 8% to $0.002215 and GOAT falling over 10% to $0.75.
This decline appears to be the result of profit-taking from short-term traders and seems to represent a healthy correction rather than a trend reversal. Notably, both NEIRO and GOAT have now reached critical support levels, which may serve as a foundation for a potential rebound.
First Neiro on Ethereum (NEIRO)
Current Price: $0.002215
Key Support Level: $0.002129
Rebound Target (ATH): $0.002510
Downside Risk Level: $0.002006
After hitting its ATH yesterday, NEIRO has pulled back to an important support level at $0.002129. This level may provide a base for a rebound if buyers return to the market. Should the price continue to decline, the next significant support level at $0.002006 could be tested. However, if the $0.002129 support level holds, NEIRO could have a strong chance of reclaiming its ATH at $0.002510.
Goatseus Maximus (GOAT)
Current Price: $0.75
Support Range: $0.68 - $0.73
Rebound Target (ATH): $0.90
Downside Risk Level: $0.5670
GOAT has also corrected from its ATH of $0.90 and is now testing a key support range between $0.68 and $0.73. This zone is critical, as it could provide the stability needed for a potential rebound. Should this support hold, GOAT may attempt another rally toward its ATH at $0.90. However, failure to maintain support in this range could lead to further declines, with the next downside risk level at $0.5670.
Outlook: Is a Rebound Likely?
Both NEIRO and GOAT are undergoing what appears to be a healthy correction following their recent strong rallies. With prices reaching key support levels, there is a potential for a rebound if buying interest resumes at these levels. For NEIRO, holding above the $0.002129 support could enable a recovery back to its ATH of $0.002510. Similarly, GOAT’s support zone at $0.68-$0.73 may act as a springboard for a renewed attempt at $0.90.
While the technical setup suggests promising support, it is essential to remain vigilant, as crypto markets can experience quick shifts in sentiment.
