$NEIRO coins surged 5540% in 30 days: Will it cool down next?
NEIRO has risen rapidly in the past month, soaring more than 50 times. Everyone is wondering, how will it go after this?
NEIRO has been very popular recently. In just 30 days, it has risen from $0.000039 to $0.002, an amazing increase. However, at the time of writing this article, it has fallen back a little, down 14.5% from the highest $0.0022.
Looking at the price chart, this point of decline just hits the daily buying area, which is also the 23.6% level of Fibonacci. Therefore, if it continues to fall, the two points of 23.6% and 38.2% may be key supports.
But the indicators on the 4-hour chart show that the price may reverse and rise. The stochastic RSI indicator is oversold and may reverse; the RSI indicator is still above 50, indicating that there is still a possibility of rising. Therefore, NEIRO may still reach $0.0027, and it is not impossible to rise by another 20%.
However, market sentiment is now quite neutral, and the weighted sentiment is in the middle, which means that NEIRO may rise or fall.
Another phenomenon is that when NEIRO rises, the supply outside the exchange is less. This shows that many people choose to sell NEIRO and make a profit. This decline in the cumulative trend may limit the upside of NEIRO.
However, traders on Binance are still quite optimistic, and 58% of NEIRO positions are betting that it will continue to rise. Therefore, in the short term, we have to keep an eye on the two key prices of $0.0027 and $0.0017.
