Is it time for NEIRO to rise?

In the super memecoin cycle started by Dogecoin (DOGE), all eyes turned to $NEIRO . The owner of Kabosu, the mascot of Dogecoin, adopted a new Shiba Inu dog. The dog in question was named Neiro.

NEIRO, which was launched on the Ethereum blockchain, attracted the attention of crypto investors. The memecoin, reflected as the new DOGE, managed to reach a market value of $ 1 billion in a short time.

NEIRO, which made a weak entry into the super memecoin cycle, could not achieve the expected rise despite an average trading volume of $ 1 billion.

AMBCrypto reported in its published analysis that the selling pressure on NEIRO has ended. The price target given for NEIRO was jaw-dropping.

According to AMBCrypto's analysis, #NEIRO has a potential increase of nearly 50 percent on the weekly chart. The popular memecoin could make a new ATH (all-time high) in the event of a possible uptrend.

The analysis included the following statements; “While NEIRO is in a bullish cycle, it is currently 15 percent below the ATH level it reached two days ago.”

NEIRO, which is experiencing a decline accompanied by selling pressure and profit taking, is expected to gain momentum upwards. The analysis stated that buyer interest has increased and the price is holding on to $0.00022.