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what Next in $NEIRO
NEIRO/USDT on the 4-hour timeframe, here’s a concise analysis:
1. Price Trend: The price has dropped to 0.00173515, showing an 8.3% decline. It is currently testing the 99-period MA (purple line), suggesting that support may be in play.
2. Moving Averages:
MA(7) (yellow) and MA(25) (pink) have crossed downward, signaling potential short-term bearish momentum.
The price is moving below both short-term MAs, reinforcing a cautious outlook.
3. RSI: At 37.48, it's near oversold territory, indicating the potential for a short-term bounce, though further downside risk remains.
4. Support & Resistance:
Support: ~0.0016632 (24h low).
Resistance: ~0.0018642 to 0.0023333 if the price rebounds.
Signal:
Short-term Outlook: Caution, as bearish pressure is evident.
Strategy: Wait for a confirmed bounce near support or DCA if you believe in the long-term potential. A break above 0.0018642 could indicate recovery.
