CandleFocus NEIRO Rebound to $0.0030 Likely as Profit-Taking Stays Minimal
2024-11-20
Author: Content Editor
The article suggests that a potential rebound could be on the cards for the Neiro meme coin on the Ethereum blockchain. On-chain analysis reveals a decrease in selling pressure, indicating that most NEIRO holders have stopped booking profits. This decrease in selling pressure, coupled with a surge in the token's Weighted Sentiment, suggests a potential shift toward bullish market sentiment and could boost demand for NEIRO. The article notes that sustained optimism and trading activity will be crucial for this momentum to translate into meaningful price gains. If buying pressure increases, NEIRO's value could surpass $0.0030, but if profit-taking or selling by holders in losses occurs, the token might drop to $0.0017.
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