First Neiro on the Ethereum network has achieved a new all-time high (ATH) of $0.0025, following a swift trend reversal. The key question now is whether this meme coin can sustain its bullish momentum throughout the month. With a 54% gain over the past week, $NEIRO is gradually approaching a market capitalization of one billion dollars. On the daily chart, the price recovery has resulted in four consecutive bullish candles, driving the token nearly 100% higher.
As the bullish momentum surrounding First Neiro on Ethereum strengthens, market sentiment suggests that the uptrend may persist. With the token now trading near its ATH, the probability of reaching the $0.0030 milestone is increasing. Can this bullish momentum continue? Letās analyze further.
NEIRO Price Analysis
On the 4-hour chart, the double bottom reversal pattern for the Neiroš„ā” token has broken through the upper resistance of the falling channel. This bullish breakout explains the 85% rally from $0.001266 (the double bottom baseline) to the current market price.
The breakout has surpassed the previous ATH of $0.0021 and is now testing the 1.272 Fibonacci extension level. As of the latest data, NEIRO is trading at $0.002336, with a 12.31% increase in the past 24 hours. The token set a new ATH of $0.0025 within the last 24 hours.
Increased buying pressure has resulted in bullish crossovers across key exponential moving averages (EMAs). Following the golden crossover and a recent 50-100-day bullish crossover, all key moving averages remain aligned in a bullish trajectory. However, the inability to break through the 1.272 Fibonacci level at $0.00249 signals potential weakness, as indicated by a pending bearish crossover in the MACD.
Will First Neiro Surpass $0.0025 on Ethereum?
Taking into account the Fibonacci levels, the current lack of momentum suggests that the price may enter a brief consolidation phase on the 4-hour chart, with a potential retest of the $0.002160 level or the 100% Fibonacci retracement. After this retest and a subsequent bounce, the uptrend could resume, provided broader market conditions remain favorable.
The upcoming price targets for First Neiro on Ethereum include $0.00249 and the significant psychological level of $0.0030. Looking further ahead, the 1.618 Fibonacci extension level at $0.0051 presents a possible long-term target.
