Neiro Ethereum (NEIRO), a meme coin, has experienced a significant recovery after a recent 45% price drop caused by Binance's actions. The altcoin has surged by 51% in the past 24 hours, outpacing the broader meme market. The positive sentiment in the market, driven by the US Federal Reserve's rate cut, has contributed to NEIRO's recovery. The coin is currently trading at $0.11, with a trading volume increase of 53% to $93 million. The rally has also increased the number of profitable NEIRO transactions. Traders remain bullish on NEIRO, with a high demand for long positions in the futures market. The altcoin's Relative Strength Index (RSI) suggests a buying sentiment. If buying pressure persists, NEIRO's uptrend could continue, potentially reaching $0.17, but a selloff momentum could result in a drop to $0.06.



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