Neiro’s Big Rise
$NEIRO has skyrocketed by 856% after its recent listing on Binance.
The token hit a new peak of $0.00044012, leaving many wondering if it will follow in the footsteps of Dogecoin’s success.
What’s Driving the Price Jump?
Since being listed on Binance, Neiro’s price has surged 800% in just seven days.
Right now, it's trading at $0.00040359, with a 22.69% gain in the last 24 hours.
The token's MC is now $166.76 million, and its 24-hour trading volume is over $424 million.
Overbought Signals
The token's rapid climb has pushed it above its upper Bollinger Band, suggesting strong upward momentum. However, this also means Neiro might be overbought, which could lead to a price correction.
Is a Price Drop Coming?
With a Relative Strength Index (RSI) of 84.63 (well above the overbought mark of 70), Neiro could face a pullback as traders may start taking profits.
Resistance is strong at $0.0004401, and if it breaks below key support at $0.00015806, a further drop could happen.
However, market excitement may keep the price elevated for a bit longer.
Final Thoughts
Will Neiro match Dogecoin’s legendary rise? Only time will tell.
For now, its recent gains are turning heads, and investors are keeping a close eye on whether this rally continues.
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