Whales Predict NEIRO Price Surge After 40% Rally! đ
In the last 24 hours, the price of NEIRO has surged by 14.11%, continuing a strong upward trend. Since last Tuesday, NEIRO has gained 46.46%, significantly outpacing other meme coins, which have seen an average decline of 4.71%.
Meme coin trading volume also saw a notable increase of 48.04%, reaching $1.17 billion in just 24 hours.
Whale Sells Off After NEIRO Price Rush: Whatâs Their Insight? đ
The most aggressive buy came from a NEIRO Ethereum whale, who previously invested $145 million in Shiba Inu. This whale sold 17.5 million NEIROETH tokens for $1.22 million, opting to exit a losing investment after suffering a 55% loss of $1.49 million.
However, this whale didnât leave empty-handed. They increased their NEIRO holdings by purchasing 841.6 million tokens for $1.45 million, raising their total to 3.85 billion NEIRO, now valued at $6.51 million, with an unrealized profit of 67%, or $2.67 million, according to SpotOnChain.
This strategic move follows significant technical developments, as NEIRO's price approaches a breakout from a symmetrical triangle pattern formed over the past several hours. This consolidation phase indicates potential volatility ahead, with current trends favoring a bullish outcome.
Despite a slight slowdown in momentum, the Relative Strength Index (RSI) remains strong at 60, suggesting a bullish sentiment. The Chaikin Money Flow (CMF) is at +0.1, reflecting substantial inflows into the asset.
However, bulls have not completely taken control, as the MACD line has struggled to rise above the signal line. Itâs crucial for NEIRO to maintain its position above the 20-day Exponential Moving Average (EMA), which serves as a critical support level for continued growth.
Should NEIRO break through the upper resistance of the pattern, an initial price target of $0.001878 and a new all-time high may be within reach. A cautious short-term goal of $0.0023 appears reasonable, but further analysis indicates the potential for 10x growth in the long term, aiming for a $1 billion market cap.
#NeiroOnBinance #NEIRO #BNBChainMemecoins #CryptoNews #MemeCoins #WhaleWatching #MarketAnalysis #CryptoTrading #InvestSmart #BullishTrend
