$NEIRO Price Analysis – 1-Hour Timeframe

Current Price: £0.00167584 (+1.46%)

In the last hour, NEIRO has shown a solid upward trend, with a 1.46% gain reaching £0.00167584. The chart reflects a series of higher highs and higher lows, signaling strong bullish momentum and consistent buying pressure. The price peaked at £0.00167838, showcasing an ongoing upward trajectory.

Key Technical Indicators:

1. Trend: NEIRO is in a steady uptrend, as evidenced by the progressive increase in price over the hour. This trend indicates growing interest from buyers, pushing the price steadily higher.

2. Support & Resistance Levels:

• Immediate Resistance: The recent peak at £0.00167838 serves as immediate resistance. If the price breaks above this level, it could continue its upward movement.

• Immediate Support: Around £0.00163779, where the last dip found support. This level may act as a floor if there’s a pullback.

3. Momentum & Volatility: The gradual increase in price, with minimal dips, shows controlled bullish momentum. This consistent upward movement with lower volatility indicates positive sentiment in the short term.

Technical Outlook

If NEIRO can break above the resistance at £0.00167838, it may continue its bullish run. However, a slight pullback to the £0.00163779 support level could provide a reentry point for buyers before another potential rally.

NEIRO’s chart signals strong bullish momentum, with further upside possible if resistance at £0.00167838 is breached. Traders should keep an eye on this resistance level and the support at £0.00163779 for indications of continued upward momentum or potential consolidation #BinanceBlockchainWeek #BTCBreak71K #BTCETFDemandSurge #EthereumPectraUpgrade