The NEIRO/USDT coin has seen a significant surge recently, jumping more than 2000% in the past week, reflecting a strong upward movement. However, the Relative Strength Index (RSI) at 93 indicates that the coin is overbought and may face a correction soon. The price has risen from 0.00003118 to 0.00089 very quickly, increasing the possibility of sharp volatility.
Tradersâ recommendations are to be cautious; despite the rapid growth, some may prefer to take profits soon. It is advisable to follow other indicators such as MACD and moving averages to confirm trends before making any decisions.
With these increases, NEIRO is a highly volatile coin, which requires good risk management especially if you plan to trade short-term.
