$NEIRO is currently experiencing short-term bearish momentum, as indicated by the recent price drop and moving average positioning. While there may be a potential rebound if support levels hold, the pair needs to break above key resistance to confirm a bullish reversal. Traders should exercise caution, especially with the increased volatility, and consider waiting for confirmation of support or resistance breakouts before entering trades.

Support and Resistance:

Support: The nearest support level is around $0.00226293. A break below this level could lead the price toward the next support at $0.00214200, which may be tested if selling pressure continues.

Resistance: The immediate resistance lies at $0.00238499. If the price manages to break above this resistance, it may indicate the beginning of an uptrend, potentially attracting more buyers into the market.