CandleFocus Neiro Coin Blows Up 4,608%—Can It Sustain The Momentum?
2024-10-16
Author: Content Editor
Neiro Coin (NEIRO) has experienced a massive 4,608% increase in value over the past 30 days, rising from $0.000039 to $0.002. However, the coin has recently lost 15% of its peak value and traders are unsure if this is the start of a larger drop. CoinCodex predicts further increases in the future, with a forecasted price of $0.019284 by November 2024. Short-term traders are concerned about whether the recent retracement is temporary or if Neiro has reached its maximum potential. Technical indicators suggest a potential rebound, with the possibility of a 20% increase to $0.0027. Overall market sentiment remains uncertain, with a neutral sentiment and a decrease in supply outside of exchanges. 58% of traders are currently net long on Neiro, indicating an expectation of continued ascent. Neiro has had 18 green days out of the past 30, suggesting potential opportunities for buyers. Traders should monitor support and resistance levels for further movement.
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