Will Neiro ($NEIRO ), which has fallen by nearly 10 percent in the last 24 Hours, be able to make a potential rise?
In the super memecoin narrative launched by Dogecoin (DOGE), all eyes turned to #NEIRO . The owner of Kabosu, the mascot of Dogecoin, was a new Shiba Inu breed dog owner. The name of the dog in question was 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 information in the $ 1 billion market in a short time.
NEIRO, which made a weak entry into the super memecoin issue, did not achieve the expected rise despite its average trading volume of $ 1 billion.
AMBCrypto reported in its published analysis that the selling pressure in NEIRO has ended. The price target given for NEIRO was jaw-dropping.
NEIRO chart analysis According to AMBCrypto's analysis, NEIRO's weekly chart has a growth potential of close to 50 percent. 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 within a breakout, it is currently 15 percent below the ATH level it reached two days ago.”
NEIRO, which has been experiencing declines during selling pressure and profit taking, is expected to gain momentum. The analysis stated that the performance of buyers increased and the price held at 0.00022.
NEIRO’s Relative Strength Index (RSI) rose to 67th place in 24 hours. The data in question shows the dominance of buyers and a high buying desire.
The popular memecoin faced major selling pressure after it was listed on Binance. The pressure created by NEIROs entering exchanges hindered the price increase. It noted that AMBCrypto examined on-chain metrics;
“NEIRO’s exchange flow expansion decreased throughout the month. NEIRO, which transfers to exchanges, fell by 7.04 million to 1.23 billion NEIRO. The excitement of buyers met the stock market pressure, which decreased by 99.43 percent. “The 19.8 thousand increase in the NEIRO holding budget was also interpreted as a potential bearish signal. According to the analysis, NEIRO, a new memecoin, continues to be adopted day by day.
AMBCrypto, who predicted that the rise in NEIRO would continue, suggested that the test of the $ 0.0031 resistance could be done at an advanced level.
