Today we will discuss the current trend of **NEIRO**.
After a significant decline, NEIRO has entered a consolidation period, and market sentiment has gradually turned pessimistic.
In the past week, NEIRO has faced some challenges, with its price dropping by 13.73%, indicating weak market performance.
This ongoing downward trend aligns with the overall market's selling sentiment, suggesting that NEIRO may face greater downward pressure.
The current trend conforms to a typical bearish pattern, characterized by price decline, consolidation, and further drop.
If this consolidation period continues, NEIRO may face a larger decline, with prices expected to test the critical support level of 0.0012033, approximately 47.78% lower than the current price.
If the market trend does not change, NEIRO may further decline after breaking through the current consolidation phase.
Overall, NEIRO's short-term outlook may be quite grim, and investors need to approach this wave of market downside risks with caution.