🚨 NEIRO/USDT: Market Analysis & Key Levels to Watch! 🚨

📉 Current Price: $0.00201 (-6.4%)

In today's volatile crypto market, NEIRO is seeing some price correction after a sharp rise, but the technical indicators suggest we might be heading into a key moment for traders and investors. 📊

💡 Technical Breakdown:

1️⃣ Moving Averages:

Short-term MA (7-day) at $0.00206.

Mid-term MA (25-day) at $0.00186.

Long-term MA (99-day) at $0.00134.

NEIRO is currently trading above both its short-term and mid-term moving averages, signaling short-term bullish momentum. However, it's important to monitor its long-term resistance points for a possible reversal.

2️⃣ RSI (Relative Strength Index):

Current RSI: 53.47 (15 min), indicating neutral momentum but trending toward a potential reversal.

Daily RSI at 74.88 suggests a more significant overbought condition in the longer timeframe.

🧠 What this means: The coin is neither overbought nor oversold in the short term, but we could see selling pressure soon, especially in higher timeframes.

3️⃣ MACD (Moving Average Convergence Divergence):

Slight bearish crossover on the 1-hour chart signals possible weakness in bullish momentum.

Histogram shows declining green bars, hinting at potential corrections ahead.

📈 Key Levels to Watch:

Resistance: Immediate resistance at $0.00220. If NEIRO breaks through with strong volume, expect upward movement towards $0.00250.

Support: Strong support at $0.00177. If prices break below this level, the next significant support zone is around $0.00133.

🛠️ Strategy:

Day traders: Consider waiting for a pullback to re-enter at support levels.

Long-term holders: Watch for a breakout above $0.00220. Volume will be key in sustaining any significant bullish momentum!

🚨 Stay updated with the latest news on NEIRO's developments and partnerships. Watch closely for announcements that could push the price above resistance levels.

👀 Are you bullish or bearish on NEIRO? Share your thoughts in the comments! 📉📈 #coldwallets $NEIRO