🚨🚨⚡ Binance Boosts NEIRO to New Heights—But Is a Pullback on the Horizon? 🌪️
🚀 Market Musing: Binance Listing Boosts NEIRO, Smart Money Starts Selling 💰
📈 NEIRO Goes Parabolic After Binance Listing
First Neiro on Ethereum (NEIRO), a meme coin dubbed as Dogecoin’s “little sister,” skyrocketed by over 1,620% this month, reaching an all-time high of $0.00040. This surge catapulted NEIRO’s market cap to over $140 million! 🚀
The catalyst? An indirect nod from Justin Sun, the creator of Tron (TRX), who called the token “swag” on X. Sun, known for his massive $994 million crypto holdings, served up a strong endorsement. 💥
🌐 Binance’s Influence
NEIRO also received a major boost after Binance announced the listing of margined Neiro perpetual contracts on Sept. 16. Binance’s listings often trigger explosive gains, and NEIRO was no exception, with 24-hour trading volume spiking to $202 million, a massive leap from the previous day’s $7.7 million. 📊
💼 Smart Money Begins to Sell
However, there are signs that the rally could be short-lived. Some large holders are starting to cash in on the gains. One high-volume address converted $37,648 into $266,300, offloading over 1.18 billion tokens. Another trader, turning $46,900 into $245,560, sold over 1 billion tokens. 🕵️♂️
📉 Price Hits Key Resistance
NEIRO touched a critical resistance level at $0.00040 on the four-hour chart, aligning with its previous all-time high. After forming a bullish triple-bottom at $0.000034, the token rallied above key resistance at $0.00010. But the path ahead seems bearish as more investors take profits, potentially leading NEIRO to retest the $0.00020 support level. A breakout above $0.00040 would be needed for further upside. 📉
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