CandleFocus NEIRO Climbs to All-Time High of $0.0025, Looks to Extend Gains
2024-11-08
Author: Content Editor
The price of First Neiro on Ethereum (NEIRO) reached a record high of $0.0025 before retracing, indicating potential for further gains. Analysis suggests that NEIRO's technical indicators and on-chain data point to higher price targets. Whale investors have been increasing their holdings in NEIRO, with a 266% uptick in large holders' netflow over the past week. This accumulation trend is considered bullish and suggests an upcoming price surge. The positive funding rate of NEIRO reflects a bullish bias and market sentiment that expects the price to continue climbing. While NEIRO is currently trading at $0.0023, it could reach its all-time high of $0.0025 and potentially rally past it if renewed demand emerges. However, profit-taking and increased selling pressure may push the token's price further away from its peak. The support level would be formed at $0.0012 in this case.
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