Neiro On ETH Price Goes Ballistic With A 124% Surge As Pepe Unchained Rockets Past $12 Million In Presale

Neiro On ETH Price Surges, Signaling a Bullish Trend Reversal

The Neiro On ETH price has witnessed a remarkable 124% surge in the past 24 hours, reaching $0.06147 as of 00:34 a.m. EST. This surge has been accompanied by a 129% increase in trading volume, reaching $63 million.

Technical Analysis Points to a Bullish Momentum

After a downward trend since August 25, the Neiro On ETH price has found strong support around $0.020. This has propelled the price past the upper boundary of the falling channel pattern.

The 50-day Simple Moving Average (SMA) currently acts as support, while the 200-day SMA provides resistance. The Relative Strength Index (RSI) is approaching the 70-overbought region, indicating strong buying activity.

Furthermore, the Moving Average Convergence Divergence (MACD) is trending upwards towards the neutral line, suggesting increasing momentum. The MACD line has also crossed above the signal line, signaling a bullish crossover.

Traders Eyeing New Pepe Unchained Project

As the Neiro On ETH price continues to rise, traders are pivoting their attention to the new Pepe Unchained (PEPU) project. This project has garnered significant investment, raising over $12 million in presale funds in just three days.

PEPU aims to create a proprietary Ethereum Layer 2 blockchain for PEPE, the popular meme cryptocurrency. This layer promises faster and cheaper transactions, potentially making PEPU a contender for the leading frog-themed meme coin.

Holders of PEPU tokens can also earn passive income through the platform's staking system, offering an annual percentage yield (APY) of 169%. Interested individuals can purchase PEPU tokens for $0.0094982 each through the official website, using ETH, USDT, or a bank card.

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