Date: Mon, Oct 21, 2024, 03:32 PM GMTI
n the cryptocurrency market today, unexpected movements are shaking things up. Many traders anticipated Bitcoin (BTC) would break through the $70K mark, but instead, it has dropped to around $67K. This decline has impacted various major memecoins, including First Neiro on Ethereum (NEIRO), which has seen a price drop of nearly 8% in the last 24 hours, bringing its weekly loss to a total of 16%.
Source: Coinmarketcap
Is NEIRO Repeating the Same Pattern?
Despite the recent dip, $NEIRO price action suggests it could be gearing up for another big move. On October 3, the token retraced to a key support level after a 73% rally. From that point, NEIRO surged nearly 170%, catching many by surprise.
Source: TradingView
Now, NEIRO appears to be following a similar trajectory. After a 50% rally from a previous support zone, it has again dropped near a key level, showing potential signs of another reversal. As of now, NEIRO is trading at $0.001724. If history repeats, the token could aim for its $0.001875 resistance level in the coming hours.
Whatâs Next for NEIRO?
If NEIRO continues to mirror its previous patterns, the next few hours could present an opportunity for traders to capitalize on its momentum. However, given the volatile nature of the crypto market, itâs essential to remain cautious.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before making any investment decisions in the cryptocurrency market.
