$NEIRO has recently experienced a notable surge in price, but current technical analysis suggests this upward trend may be losing steam, hinting at a potential downturn.
The Relative Strength Index ($RSI) for $NEIRO is flashing warning signs, sitting in a range that typically indicates overbought conditions. An RSI reading above 70 often signals that an asset could be overextended and due for a pullback or correction.
It's expected that $NEIRO could retrace up to 50% of its recent gains, returning to prior support levels. This pullback wouldnât just be a natural part of market cyclesâit would provide an opportunity for the coin to gather strength for more sustainable growth in the future. Stay vigilant as this market correction unfolds.
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