In the past period of time, Neiro Big Golden Dog (NEIRO/USDT) has attracted widespread attention in the market due to its unique positioning. However, judging from the recent K-line chart, the market trend has shown an obvious oscillation trend. Today, we will combine technical data to analyze its short-term performance and potential trends.

Price and Volume Review

The current price of NEIRO is 0.00154223 USDT, with an intraday drop of 10.47%, showing great volatility. Within 24 hours, the highest point reached 0.00173305 USDT and the lowest reached 0.00142889 USDT, indicating that the market has experienced many fierce long-short confrontations in a short period of time. At the same time, trading volume increased significantly, with the total trading volume reaching 197.714 billion NEIRO, indicating high market activity, but the price failed to stabilize at a high level, indicating heavy selling pressure.

Technical Analysis

1. Moving Average Observation

From the chart, it can be seen that the short-term moving average EMA (7 days) is 0.00170074, and the long-term moving average EMA (25 days) is 0.00181414. The short-term moving average continues to be below the long-term moving average, forming a clear bearish arrangement. This indicates that current market sentiment remains pessimistic, and the price may continue to face pressure in the short term.

2. Candlestick Patterns

Recent candlesticks show that the short-term rebound at the beginning of December brought significant trading volume, but this rebound was not sustained, and the price quickly retraced, indicating a lack of sufficient upward momentum in the market. The current price is close to previous lows, and there may be some support in the short term around the range of 0.0014300-0.0015000.

3. Indicator Interpretation

• RSI (Relative Strength Index): The indicator shows NEIRO is approaching the oversold area, which may indicate a possibility of a short-term rebound.

• MACD (Moving Average Convergence Divergence): Still in a death cross state, indicating that downward momentum has not completely faded, investors should remain vigilant.

Market Sentiment and Outlook

Currently, market sentiment is highly volatile. Although trading volume has increased, both bulls and bears have not yet clarified their direction. From a long-term perspective, NEIRO needs to break through the resistance of the EMA (25 days) and remain above 0.0018000 USDT to form a new upward trend. In the short term, investors should pay attention to whether the price can stabilize around 0.0015000 USDT.

Investment Advice

1. Short-term Traders: Try to buy on dips when the price approaches support levels, with a stop loss set below 0.0014000 USDT, targeting 0.0017000 USDT.

2. Long-term Investors: It is recommended to wait and see, waiting for the market trend to become clearer before making a decision.

Summary

The recent price performance of NEIRO shows significant oscillation characteristics, with intense competition between bulls and bears. During this phase, investors need to pay attention to changes in trading volume and signals from key technical indicators, maintaining a cautious trading strategy to cope with market uncertainties.

(The above content is for reference only and does not constitute investment advice.)$NEIRO #加密市场回调 #市场回调抄底还是观望？