Whales Predict Neiro Price After 40% Rally
In the previous 24 hours, the NEIRO price has risen 14.11%.
A prominent whale is switching to NEIRO.
Today's increase continues a strong rise. Since last Tuesday, NEIRO has gained 46.46%, outpacing other meme currencies, which have lost 4.71%.
Meme coin trade volume rose 48.04% to $1.17 billion in 24 hours.
Whale Jumps Ship After NEIRO Price Rush: What Do They Know?
The most aggressive buy was from a Neiro Ethereum whale who made $145 million investing in Shiba Inu.
This whale sold 17.5 million NEIROETH tokens for $1.22 million to exit a losing investment.
After one month with the meme currency, the whale lost 55%, or $1.49 million, by quitting.
The whale increased its NEIRO assets by buying 841.6 million tokens for $1.45 million.
This brings their overall holding to 3.85 billion NEIRO, worth $6.51 million, with a 67% unrealized profit of $2.67 million, according to SpotOnChain.
This strategic decision follows substantial technical developments as the NEIRO price approaches a breakout of the symmetrical triangle pattern developed over the previous several hours.
This trend suggests NEIRO is consolidating after a big rise. A breakthrough might go either way, but present signs favor a positive result.
Despite a modest slowing in momentum, the Relative Strength Index (RSI) remains strong at 60, indicating a bullish bias.
The Chaikin Money Flow (CMF) is +0.1, indicating substantial inflows.
However, bulls have not totally seized control since the MACD line has failed to restore its position above the signal line.
NEIRO's ability to maintain above the 20-day Exponential Moving Average (EMA) is a vital support level for a prolonged rise.
The pattern's upper resistance might be broken to prolong the growth streak, with an initial price objective of $0.001878 and a new all-time high.
From there, a cautious short-term aim of $0.0023 looks reasonable. However, further study supports 10x long-term potential and a $1B market cap.
