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The Neiro on ETH price soared 18% in the last 24 hours to trade at $0.1597 as of 03:18 a.m. EST even as trading volume crashed 58% to $32 million.
Neiro on ETH Price on a Bullish Breakout
The Neiro on ETH price is exhibiting a strong bullish trend, following a breakout from a rounding bottom pattern at $0.1696.
The price is currently trading above both the 50-day and 200-day Simple Moving Averages (SMAs), signaling robust upward momentum.
The Relative Strength Index (RSI) stands at 64, comfortably above the 50-midline, further confirming the asset’s bullish position.
Chart analysis from GeckoTerminal suggests that Neiro on ETH price could climb to its next resistance level at $0.20.
However, the Moving Average Convergence Divergence (MACD) is approaching the neutral line as it declines, indicating waning momentum. If this downtrend continues, NEIRO price may fall towards its support level at $0.1427, which aligns with the 200-day SMA.
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