đNEIRO/USDT Technical Analysis: Major Breakout Alert đ
As of October 11th, 2024, NEIRO/USDT has seen a massive upward movement, climbing +36.07% to $0.00214321. This signals a strong bullish momentum, confirmed by various technical indicators. Letâs dive into the key targets and metrics to watch. Key Targets đŻ: 1. Short-Term Target: $0.00220000 Resistance Level: This is the 24h High, and breaking this level with strong volume could push NEIRO to a new high. Watch for consolidation around this point before another potential breakout. 2. Mid-Term Target: $0.00250000 Psychological Barrier: Approaching this level could bring significant resistance, but continued momentum and favorable indicators (such as RSI remaining above 50) suggest that reaching this mid-term target is possible. Traders should watch the SAR (0.02, 0.2) which is at 0.00208501âindicating that the bullish trend is still intact. 3. Long-Term Target: $0.00300000 Potential All-Time High: If NEIRO maintains this momentum, the price could reach the $0.0030 range. This target would mark an over 100% increase from its current level, supported by strong MACD divergence and volume spikes. Technical Indicators Supporting the Trend: EMA & MA: The exponential and moving averages are trending upward, showing strong market momentum. BOLL (Bollinger Bands): With price testing the upper band, we could expect a further breakout or a slight pullback before continuation. MACD: The divergence supports bullish sentiment, signaling more upside potential. RSI (Relative Strength Index): NEIRO is approaching overbought levels but has not crossed into extreme territory yet, leaving room for further gains. Volume: With a 24h volume of 269.35B NEIRO and 511.70M USDT, the liquidity is sufficient for continued price action in either direction. Overall Sentiment: Bullish đ â NEIRO is showing solid strength with increasing volume and positive sentiment. Monitor the $0.00220000 resistance for a potential breakout. Stay tuned for updates as we watch NEIRO closely on Binance!