The chart of $NEIRO , a new cryptocurrency on blockchain $ETH , has been showing great volatility in recent months. After being listed on Binance, its price soared by more than 600%, catching the attention of investors, but has since faced a significant correction.

In the last few days, the price of $NEIRO EIRO has ranged between $0.003 and $0.08, with a sharp drop compared to its all-time high of $0.29 reached in August 2024. This represents a drop of more than 74% since its peak. Although it has shown strength by holding a diagonal trendline recently, many traders are cautious, suggesting that the asset could continue its bearish trajectory if it breaks certain technical supports.

Technical analysis reveals that NEIRO is facing significant resistance, with oscillator indicators pointing to a neutral position and warning of a possible future decline. However, the asset’s volatility, typical of the cryptocurrency market, still allows for short-term opportunities, especially for traders willing to enter risky positions based on daily movements.

In short, NEIRO presents both risks and opportunities, especially for those looking to exploit rapid price movements. However, due to its speculative nature and volatility, it is essential to closely monitor its price patterns and define clear entry and exit strategies.

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