Is NEIRO poised for even greater bullish breakout? Key levels to watch
NEIRO crypto appeared to be forming the early stages of a bullish reversal after a period of consolidation and downward pressure.
Analysts suggested the price may consolidate between $0.0034 and $0.0045 before making any significant upward movement.
Crypto analyst Zen stated, “$NEIRO starting a bullish reversal imho.”
He added that the price might consolidate within this range before breaking above the $0.006 resistance level.
Once this resistance is broken, the next major target would be $0.00793, and a surge toward $0.01 could follow.
According to Zen analysis, the $0.006 level stands out as the first major resistance to watch. If NEIRO breaks above this point, it could mark the start of stronger bullish momentum.
The next key resistance at $0.00793 would serve as a potential trigger for further upward movement, possibly leading to a psychological target of $0.01.
The price path projection indicates a possible retest of $0.006, followed by a push toward $0.00793.
On the technical side, the 50 EMA ($0.003889) and 100 EMA ($0.003909) remained above the current price, indicating short-term resistance.
The price appeared to be struggling to break past these levels, suggesting a possible consolidation phase.
The RSI (Relative Strength Index) is slightly bearish at 46.25, indicating weak momentum and slight selling pressure. However, the RSI is not yet in oversold territory, suggesting that further declines may be limited.
The MACD (Moving Average Convergence Divergence) showed little movement, with the lines hovering near the zero level, indicating a lack of strong directional momentum.
This reinforced the likelihood of continued sideways movement until a breakout occurs.
