$NEIRO Next target analysis:
Based on the current chart and technical indicators, here’s a possible short-term target analysis for NEIRO/USDT:
1. Support Level: The recent low around 0.00193 USDT could act as the immediate support level. If the price continues to decline, this level might be tested again. Breaking below it could push the price toward the next support level around 0.00180 USDT.
2. Resistance Levels:
The first resistance is around 0.00236 USDT, near the EMA(25). This level would need to be breached for a potential short-term reversal.
A stronger resistance lies around 0.00251 USDT, which is the recent high. Breaking above this level could indicate renewed bullish momentum.
3. Upside Target:
If the price rebounds from current levels and breaks through the EMA(7) and EMA(25), it could aim for 0.00236 - 0.00251 USDT in the short term.
For a stronger recovery, surpassing 0.00251 USDT would be necessary to consider higher targets, potentially aiming at 0.00276 USDT as a medium-term resistance.
Summary
Immediate Target (Downside): 0.00193 USDT (support), then 0.00180 USDT if the decline continues.
Immediate Target (Upside): 0.00236 USDT (resistance), with potential toward 0.00251 USDT if momentum strengthens.
Monitor the volume and the EMA lines; breaking above the EMA(7) and EMA(25) would support a bullish case.