Based on its daily line and market conditions, let's analyze the upcoming trend of $NEIRO !
The market is quite cold right now, with prices continuously falling; it’s currently at 0.00142393, having dropped 7.59% from yesterday to today.
Moreover, both short and long-term moving averages are heading downwards, with the short one still below the long one, which clearly indicates that people are not optimistic about it.
There are fewer buyers and sellers; the market has been quite quiet lately. There are fewer people wanting to sell, but there aren't many buyers either.
Currently, there’s a low price of 0.00139175, and if this price can’t hold, it may continue to drop.
Of course, if it wants to return to high prices like 0.00155586 or 0.00171661, it will have to wait for a rally to come back.
The Federal Reserve's interest rate cuts are generally good news, as money from traditional markets may flow into the crypto market.
For NEIRO, there may be a slight increase in the short term due to the rate cuts, but it also depends on people's sentiment. If everyone remains cautious, NEIRO may not rise much and will still have to follow the larger trend.
Around Christmas, the market often experiences a bit of a seasonal effect. Some people might want to earn a bit before the holiday, pushing up prices and leading to capital inflows, resulting in a price rebound.
However, some people might have gone away for the holiday, leading to fewer buyers and sellers in the market, which could result in larger price fluctuations.
So how should we view and act next?
We need to see if the price can hold at 0.00139175; this is key.
If the price can exceed 0.00155586, a rebound may start, and it might be worth considering buying a bit.
After the holiday and the interest rate cut, if trading volume increases, the rebound may become more stable.
NEIRO may have a slight rebound due to the Federal Reserve's interest rate cut and the Christmas season, but the overall downward trend hasn’t changed. Looking at the low price and trading volume, short-term operations still need to follow the overall market trend.
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