The price of Neiro on Ethereum (NEIRO on ETH) has seen a surge of 85% in the past week due to significant buying by crypto whales after a price dip. These large holders have accumulated NEIRO at lower prices, driving a strong rebound. The increase in purchases by whales is evident from the rise in the number of addresses holding 1 million to 10 million NEIRO from 295.48 million to 352.67 million within the last five days. Notable buyers include GSR Markets and Vida, whose purchases contributed to NEIRO's price surge. Despite the price increase, the daily transaction volume in profit has been decreasing, suggesting that holders prefer to keep the meme coin for potential long-term gains. Technical analysis indicates that NEIRO on ETH's uptrend is solid and could continue, with a potential price rise to $0.16 or even $0.20 in a highly bullish scenario. However, if sellers dominate, the value could drop to $0.092.



Other News from Today