The Neiro token price consistently declined for the last 30 days.
The NEIRO token price did not trade with any fiat currency.
The Neiro (NEIRO) has slightly advanced by 1.1% in the last 24 hours. Despite this, the overall NEIRO price structure was negative, followed by a consistent decline. Letâs look into the price metrics further and do a detailed Neiro price analysis.
NEIRO Price: Market Performance And Sentiment
The NEIRO price traded at $0.07826 at press time, and its market cap was valued at $78.249M. This resulted in a market cap ranking of #398, as per CoinMarketCap.
The traded volume value in the token declined by 30% in the last 24 hours. It resulted in a traded value of $61.012M, followed by a volume/market cap ratio of 76.44%. It showed huge liquidity in the token price, making buying and selling the token easier in different market conditions.
The token had 100% of its maximum supply circulating in the market. This resulted in a fully diluted market cap equal to the spot market cap. The Neiro coinâs price sentiment was bearish, and the fear and greed index was 45.
NEIRO Cryptoâs Liquidation Indicated A Tug Of War Between Buyers And Sellers
The derivatives witnessed higher long liquidations in the last 24 hours, resulting in $1.46M. Additionally, shorts worth $1.09M were liquidated in the token, indicating sellersâ dominance in the Neiro price.
The tokenâs derivatives volume declined 24.0% in the last 24 hours. This resulted in a traded value of $977.0M, which showed a decline in tradersâ interest in the token.
Additionally, the open interest of the NEIRO crypto witnessed a slight decline of 0.06%. It indicated a traded value of $54.95M.
NEIRO Token Technical Chart Exhibits Bearsâ Bias
The NEIRO price traded in a strong downtrend over the last few weeks. The price declined by over 60% from the swing high of $0.2070 in just one month.
Following the profit booking in the token, theNeiro coin price declined below significant crucial support levels. The tokenâs overall price structure was negative on the chart, posing the possibility of further price decline.Â
What Do Technical Indicators Indicate About the NEIRO Price?
Recently formed popular EMAs, such as 50-day and 200-day periods, traded in a death cross. The NEIRO price also sustained below the following EMAs, followed by the formation of bearish candlesticks on the chart.
The MACD indicator exhibited uncertainty in the tokenâs trend. This happened as the MACD and the signal line traded in a golden cross but in a negative trajectory.
The RSI also traded in a negative trajectory and followed a bearish cycle. At press time, it traded at a level of 33, which showed a loss in the bullish momentum of the price.
The NEIRO price might take support at $0.0240 and $0.060, followed by the resistances of $0.20 and 0.280
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