$NEIRO Will Hitt 0.0025 again:
Based on the current indicators, reaching 0.0025 again is possible but will depend on several factors:
1. Stochastic RSI Recovery: Since the Stochastic RSI is in the oversold zone, there is potential for an upward move if buying pressure increases. This could help push the price back up toward 0.0025.
2. EMA Support: The price is currently above the EMA(25) and EMA(99), which indicates that bullish momentum hasn’t fully reversed. If the price holds above these EMAs, it has a higher chance of testing the 0.0025 level again.
3. Volume: High volume is critical for a push toward 0.0025. If buyers step in with strong volume, it could drive the price back to this resistance level.
4. Resistance Strength: 0.0025 has previously acted as resistance. If buying interest is strong enough to overcome this level, it could break through, but if not, it might face rejection there again.
Probability of Hitting 0.0025
If current support levels hold and the RSI/Stochastic RSI begin to show bullish momentum, the price has a fair chance of reaching 0.0025 again. However, if selling pressure increases or the EMAs start to converge and cross, the likelihood decreases.
Recommendation: Watch for a bounce off the support level and keep an eye on volume and momentum indicators to gauge if a push to 0.0025 is sustainable.
