NEIRO, a dog-themed meme coin, has experienced a significant surge in price over the past week, increasing by almost 400%. However, crypto analyst The Forex Mindset predicts a bearish outlook for NEIRO, suggesting that a price correction is imminent and that the coin's price will drop below $0.13. The analyst highlights factors such as volume blocks and the correlation between NEIRO's price and Bitcoin as indicators of the impending decline. Additionally, NEIRO is considered overbought, indicating that it is currently overvalued and due for a price correction. However, on-chain analytics reveal that whales are accumulating NEIRO, leading to speculation that the altcoin's price could be supported above $0.14. Another crypto analyst, Kong, predicts that NEIRO will eventually reach $1, resulting in a billion-dollar market cap. On the other hand, Crypto Caesar has a more bullish outlook, stating that NEIRO looks "very good" at its current price level and could retest the resistance at $0.16 as a new support zone, potentially confirming further bullish momentum. As of the time of writing, NEIRO is trading at approximately $0.172, down over 12% in the last 24 hours.
YieldNest Unveils First Liquid-Restaking Token on BNB Chain as Return-Boosting Strategy Gains Ground