Breaking news! Technical analysis of $NEIRO
Please note that the current price is around 0.0019357. Previously, it rushed to a high of 0.00233333, and then fell back a little. But don't worry, it is still in the rising channel, which means that the overall upward trend has not ended.
However, the 7-day and 25-day moving averages are slightly bent down, which may not be optimistic in the short term. The current price is lower than both of these moving averages, so it looks a bit weak in the short term. But the good news is that the 99-day moving average is still rising, which means that in the long run, the situation is still good.
The price rushed to the upper part of the channel before, and now it is going back and is almost in the middle of the channel. This may become a support point. If the price can rebound here, then the upward trend can continue. But if it can't hold here, the price may fall to the bottom of the channel, which is about 0.00117400.
The current trading volume is not as much as when it rose before, which means that people are not as determined to buy now. If the trading volume can go up again, the price may reverse. If the price can find support in the middle or near the channel, there may be another surge.
Everyone should pay special attention to the position of 0.00174-0.00175 to see if the price will rebound here. At the same time, it is also necessary to observe whether the trading volume has increased, or whether technical indicators such as RSI and MACD have issued a buy signal.
Although it seems to be a bit of a callback in the short term, as long as the price does not fall below this channel, the overall trend is still upward. Everyone must keep an eye on the support level of 0.00174!
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