Based on the chart for $NEIRO /USDT, the current price is $0.00092336, reflecting a +7.38% gain. The price recently tested a high of $0.00103816 before facing resistance, and it is currently trading slightly below that high. The lowest price in the past 24 hours is $0.00082172, indicating that the market has been on a significant upward trend from the lower levels.
The immediate resistance is the previous high of $0.00103816, which, if broken, could push NEIRO toward a new high of $0.00108851. However, the price appears to be consolidating just below the resistance, suggesting some indecision in the market. A clear breakout above the resistance would indicate renewed buying momentum and further bullish movement. On the downside, the nearest support level lies around $0.0007928, which could act as a safety zone if the price retraces.
In conclusion, a potential long trade could be considered if the price breaks above $0.00103816, with targets set for $0.00108851 or higher. On the other hand, if the price moves below $0.0007928, it might signal a bearish reversal, leading to short-selling opportunities. Watch for clear breakout or rejection signals around these levels for the next move.
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