$NEIRO has maintained its bullish trajectory, surging 14.11% in the last 24 hours and an impressive 46.46% over the past week. This rally significantly outperforms the broader meme coin market, which has seen average losses of 4.71% during the same period.
However, multiple indicators point towards a potential bullish breakout:
The Relative Strength Index (RSI) remains in positive territory at 60, indicating sustained buying pressure despite the recent rally.
The price is holding above the 20-day Exponential Moving Average (EMA), a key support level for maintaining the uptrend.
While the MACD has yet to cross above its signal line, overall momentum remains positive. A decisive break above the upper resistance of the triangle pattern could trigger further gains, with an initial target at the $0.001878 resistance level.
Notably, whale activity has surged, with a prominent Ethereum whale recently selling 17.5 million NEIROETH tokens at a 55% loss to increase their NEIRO position. This whale now holds 3.85 billion NEIRO tokens worth $6.51 million, sitting on a 67% unrealized profit.
Short-term price prediction: If the bullish momentum continues, NEIRO could target $0.0023 in the near term. However, more ambitious analysts suggest a long-term 10x potential, eyeing a $1B market cap.
Traders should watch for a confirmed breakout above the triangle pattern and monitor whale activity, as these large holders could significantly influence price action. #NEIRO
