๐จ NEIRO CRISIS: WHY IS IT CRASHING HARD? ๐จ
The $NEIRO token is taking a beating, with its price plunging 9.41% in the last 24 hours! But why is it spiraling downward, and is there any hope for a recovery? Letโs break it down and uncover the shocking truth behind this nosedive!
Current Price: NEIRO is hanging by a thread at 0.00147909 USDT, and itโs getting dangerously close to its 24h Low of 0.00138827 USDT. The price is hugging the daily low, showing bearish momentum thatโs hard to ignore.
24h High/Low:
24h High: 0.00168000 USDT24h Low: 0.00138827 USDT
Trading Volume:
NEIRO Volume: 144.59 billionUSDT Volume: 221.39 million
Despite the falling price, the huge volume signals that the market is still active, and thereโs plenty of liquidityโmeaning even more volatility could be coming.
Candlestick Pattern: The daily chart shows a steep decline from 0.00168000 USDT, and while thereโs a small rebound attempt after hitting 0.00138827 USDT, the downtrend isnโt over yet!
Indicators Flashing DANGER:
Stochastic RSI (STOCHRSI): Sitting at 1.3253, the market is severely oversold, which means buyers might step in soon. But donโt get your hopes up too fastโoversold doesnโt always mean reversal.RSI: With a reading of 25.9062, weโre deep into oversold territory, and selling pressure could ease up soonโbut wait for confirmation before jumping in.
Moving Averages:
MA5 (Short Term): 90,110,242,355MA10 (Long Term): 110,278,321,370
The shorter-term moving average is well below the longer-term average, cementing the idea that the downtrend is still dominating in the short term.
Support and Resistance:
Support: Holding at 0.00138827 USDT, this is the last line of defense before an even bigger drop.Resistance: At 0.00168000 USDT, breaking through this level is crucial for any meaningful recovery.
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