Neiro Ethereum Price Plunges 40% In A Week As Investors Pivot To This Base Meme Coin For Its 807% APY

Neiro Ethereum Price Fluctuates, Technical Outlook Remains Uncertain

The Neiro Ethereum price has experienced a significant decline of over 40% in the past week, with a 1% loss in the past 24 hours. As of 11:45 p.m. EST, it trades at $0.1364.

Despite the recent dip, Neiro Ethereum remains in the green by more than 888% on a monthly basis.

Technical Analysis Indicates Mixed Signals

The Neiro Ethereum price is attempting to break out of a bearish channel. It recently entered a consolidation phase between $0.1172 and $0.1752.

Continued oscillation within this range could lead to a breakout from the channel, potentially triggering a significant move.

If traders perceive the current level as a buying opportunity, Neiro Ethereum may attempt to convert the resistance level at $0.1752 into support. This could provide the technical foundation for further growth, with a potential rise to $0.2460 in the short term.

However, if bears gain control, Neiro Ethereum may fall below the immediate support level at $0.1172, potentially leading to a decline to $0.0657 in the following days.

Technical indicators on Neiro Ethereum's 4-hour chart present mixed signals. The Relative Strength Index (RSI) suggests that bears have the upper hand, while the Moving Average Convergence Divergence (MACD) indicator indicates a bullish trend.

Traders are likely awaiting a clear indication of Neiro Ethereum's next price movement, which may emerge as it approaches the upper boundary of the descending channel in the next 12 hours.

DAWGZ: A Multi-Chain Meme Coin with Utility

Base Dawgz (DAWGZ) is a new meme coin within the Base layer-2 ecosystem. Unlike most meme coins, it offers utility through its cross-chain capabilities.

Enabled by Wormhole and Portal Bridge, DAWGZ allows investors to seamlessly transition between supported networks, including Avalanche, Ethereum, Solana, Binance Smart Chain, and the Base layer-2 network.

This multi-chain presence provides access to DeFi yield-generating opportunities on various supported networks.

Attractive Staking Rewards

Early investors in DAWGZ during its ongoing presale phase can unlock access to an 807% APY by purchasing and staking the meme coin.

Investors have been flocking to this opportunity, with over $2.9 million contributed to the ICO so far. Around 37% of the token's supply has also been staked.

Interested investors can acquire DAWGZ through the project's website widget. Due to its multi-chain presence, it can be bought using BASE, ETH, BNB, AVAX, or SOL. A price hike is anticipated in about 5 days.