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Hot right now:

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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

NEIRO on Ethereum Soars: Will Bullish Momentum Drive to $0.0030?

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NEIRO on Ethereum

The post NEIRO on Ethereum Soars: Will Bullish Momentum Drive to $0.0030? appeared first on Coinpedia Fintech News

As the crypto market remains volatile, the meme coin segment has lost the $50 billion market cap. With a 30-day peak at $53.25 billion, the meme coins have dropped down to $48.47 billion, with $7.38 billion in volume. 

While the majority of the meme coins remain bearish, the First Neiro on Ethereum reflects a bullish trend in motion. Will NEIRO continue the bull run for a new all-time high in the week ahead?

NEIRO on ETH Price Performance

With an 18.11% jump in the past 24 hours, the first Neiro on Ethereum token has surged by almost 50% in the past seven days. The bullish rally in the meme coin comes with its listing over the biggest crypto exchange, Binance. 

Neiro Oct 8 Price Analysis

Tradingview

Currently, the meme coin is trading at $0.0017, with an intraday gain of 3.79%. This marks the third consecutive daily bullish candle, creating a triple-white-soldier pattern. The bullish candlestick pattern accounts for a 76% surge. 

In the 4-hour chart, the first Neiro on Ethereum reveals a bullish trend continuation with a bullish pennant and a falling channel breakout. Currently, the falling channel breakout rally tests the 0.0018% resistance level, teasing a potential sideways shift. 

Technical Indicators:

MACD Indicator: The MACD indicator shows the average lines maintaining a positive alignment with a surge in bullish histograms. 

EMA: The 50 and 200 EMA in the 4-hour chart maintain a positive trend, revealing a surge in bullish momentum. 

Will NEIRO Price Hit $0.0030?

Using the trend-based Fibonacci level, the bull run hits the 100% Fibonacci level and is taking support from the 78.60% level at $0.001572. Further, the trend-based Fibonacci level paints the next potential targets at 1.618 and 2.618 levels at $0.002393 and $0.003379. 

On the flip side, the crucial supports for the meme coin are present at $0.001572 and $0.001290.

Wondering if Shiba Inu can lead the bull run in meme coins? Find out now in Coinpedia’s SHIB price prediction for 2024-2030.

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