CandleFocus NEIRO’s 18% Price Drop Prompts Long-Term Holders To Dump Tokens
2024-11-13
Author: Content Editor
The NEIRO token reached a new all-time high of $0.0031 but has since experienced a decline in price due to a slowdown in the broader cryptocurrency market. This has led some long-term holders to sell, indicating a potential further decline in the short term. The movement of long-held coins has significantly increased, suggesting a shift in market trends and the selling off of holdings. The rise in NEIRO's Exchange Flow Balance confirms the increase in selling activity. The token currently trades at $0.0023, below the support level of $0.0024, indicating a downtrend. If the price continues to drop, it could reach $0.0019, but a resurgence in demand could invalidate this bearish outlook and propel the token back above $0.0024.
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