The current price of NEIRO is $0.00185590, showing a -6.48% decline within the last 24 hours.
The 24-hour high is $0.00199228, and the 24-hour low is $0.00183142. This indicates that the price has been trending downward and testing new lows, staying closer to the lower end of the range.
After reaching a high of $0.00233333 on October 14th, the price has been in a clear downtrend, with multiple failed attempts to push higher.
Resistance and Support Levels:
The price has recently bounced from a support level around $0.00182220, but the momentum seems weak.
Immediate resistance is at $0.00198406, which was tested but not breached in the most recent upward move.
Volume:
The 24-hour volume for NEIRO is 65.81B, and for USDT, it is 126.30M. This high trading volume suggests significant activity, although much of it might be driven by sell-side pressure.
Order Book:
The order book shows 58.45% of the orders are on the buy side, while 41.55% are on the sell side. This indicates that buyers are stepping in, but the recent price action is still bearish.
The spread between the bid and ask prices is minimal, indicating liquidity, but the volume on the sell side seems to be stronger with larger order sizes.
Trend and Momentum:
The overall trend on the 4-hour chart is bearish, with lower highs and lower lows forming.
The price is currently hovering near the lower end of the recent range, indicating a possibility of further downside if buyers do not push the price above $0.00185590.
Candlestick patterns show the price has tried to rebound from the support at $0.00182220, but selling pressure remains dominant.
Bearish Scenario: A breakdown below $0.00182220 could lead to a further decline, possibly testing $0.00179664 or lower. The overall momentum appears weak, and without a strong rebound, the downtrend may continue.
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