$NEIRO /USDT Technical Analysis Update:

NEIROUSDT perpetual contract is currently priced at $0.0011011, up 3.82%. $N$NEIRO SDT is currently trading at $0.00109932, up slightly by 0.77%. In the past 24 hours, the highest price of this trading pair was $0.00116523 and the lowest price was $0.00100347.

Technical indicators show:

Moving Average: $NEI$NEIRO is above its short-term moving average, the 7-day moving average (7)) is $0.00112546, and the 25-day moving average (MA(25)) is $0.00107270, indicating an upward trend. However, it is slightly below the 99-day moving average (MA(99)) at $0.00115045, which suggests that there could be potential resistance around this level. Volume: The trading volume of 7.58 billion NEIRO indicates active trading, which supports the current price stability and slight increase. MACD: The MACD shows a convergence towards the signal line, which suggests that the current trend may continue or a reversal may occur if the signal line is broken.

Price Targets:

Immediate Target: $0.00112 - The current upward momentum needs to be maintained to break through this short-term psychological level. Medium-term Target: $0.00115 - If the immediate target is broken, it may push NEIRO to retest its 99-day moving average as resistance. Extended Target: $0.00117 - If the MA(99) is broken, it may set the stage for NEIRO to test new highs, depending on market conditions and broader sentiment.

Conclusion:

NEIRO/USDT has shown some resilience in recent trading sessions. Traders should keep an eye on the MACD for signs of a bullish crossover, which could confirm further gains. Given the current market dynamics, a cautiously optimistic attitude is recommended.