$NEIRO Is ready to decline:
Analysts are cautious about NEIRO/USDT's near-term trajectory, indicating the potential for further pullbacks. Here are some insights:
1. Key Support Levels at Risk: Analysts highlight that if the price breaks below $0.00197, the next significant support level is around $0.00180. Breaching these levels could lead to sharper declines.
2. Bearish Indicators: With moving averages trending downward and momentum indicators showing weakness, there is concern that NEIRO may continue its downtrend unless a strong reversal occurs soon.
3. Market Sentiment and Risks: Broader market conditions, including high volatility and uncertainty in the crypto sector, are contributing to bearish sentiment. Some analysts even suggest that NEIRO could retest $0.0015 if selling pressure intensifies.
Overall, while there's potential for rebounds, the focus remains on whether critical support zones will hold, as failure to do so could trigger further declines.