CandleFocus NEIRO’s 20% Rally Sparks Strong Investor Sentiment, No Immediate Sell-Off in Sight
2024-11-07
Author: Content Editor
Despite a recent surge in the price of First Neiro on Ethereum (NEIRO), holders of the meme coin are choosing to hold onto their tokens rather than sell. On-chain data shows that NEIRO is currently 10% away from its all-time high, and there has been a surge in investor sentiment and engagement with the coin. However, the daily on-chain transaction volume in profit is relatively low compared to previous increases in NEIRO's price. The upward trend in NEIRO's price is supported by the breakout from a descending trendline and the strength of the Average Directional Index (ADX). If NEIRO holders continue to hold, the price could surpass $0.0023 and potentially reach a new all-time high, but profit-taking could cause the price to retrace to $0.0015.
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