Neiro Ethereum Price Prediction: NEIRO Jumps 24% As This PEPE 2.0 ICO Rockets Towards $13 Million

Neiro Ethereum Price Surges 24%

The Neiro Ethereum (NEIRO) price has experienced a significant jump of 24% within the past 24 hours, reaching $0.1918 as of 3:25 a.m. EST. This surge has been accompanied by a 7% increase in trading volume, which currently stands at $79 million.

Bullish Reversal Pattern

The NEIRO price exhibits a clear uptrend in its 4-hour timeframe, evidenced by the formation of a rounded bottom pattern. This pattern typically indicates a bullish reversal, transitioning from a downtrend to an uptrend.

Technical Indicators Support Uptrend

The price action has broken above the 50-day Simple Moving Average (SMA) and is approaching the 200-day SMA. The 50-SMA, currently at $0.0998, is trending upwards, reflecting positive short-term momentum.

Key Support Levels and Targets

Significant support levels for the NEIRO/USD pair can be found at approximately $0.0510 and $0.0998. These levels have provided robust support during previous consolidation phases. Currently, the price is trading above these support levels at $0.1899.

Potential target prices include $0.2500 within the next few trading sessions and $0.3012 if the price sustains above the $0.2500 level.

Cautious Optimism

While the bullish momentum is strong, traders should exercise caution regarding potential pullbacks, especially if the Relative Strength Index (RSI) enters overbought territory. This could lead to a temporary correction before the uptrend resumes.