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The First Neiro On Ethereum price has soared 13% in the last 24 hours to trade at $0.1219 as of 6:25 p.m. EST on a 14% drop in trading volume to $87 million.
First Neiro On Ethereum Price Bulls Regain Momentum
The NEIRO/USD 4-hour chart indicates a clear rounded bottom pattern and a bullish reversal signal.
After bottoming around $0.05, the price began to rise gradually, confirming a shift in momentum from sellers to buyers, indicating the exhaustion of the prior downtrend and the beginning of a new bullish phase, according to GeckoTerminal data.
NEIROUSD Analysis Source: Dextools.io
Adding to the bullish sentiment, a moving average crossover occurred, where the 50 SMA (blue line) crossed above the 200 SMA (green line), signaling a transition from bearish to bullish conditions. This crossover further strengthens the likelihood of upward price momentum.
Before this breakout, the price consolidated between $0.05 and $0.07, which served as a key accumulation zone. This consolidation was followed by a sharp rally, pushing the price to its current level of $0.1208. The breakout from this consolidation phase confirms a continuation of the bullish trend, with a potential target of $0.20 in the near term, indicating a full bullish reversal.
First Neiro On Ethereum Price Targets $0.20
The MACD indicator has also turned positive, with the MACD line crossing above the signal line, signaling increased bullish momentum.
The RSI is currently at 76.28, indicating that First Neiro On Ethereum price is overbought. This may indicate a possible short-term pullback or correction, although in strong uptrends, the RSI can remain overbought for some time before a reversal occurs.
NEIRO/USD shows strong bullish signs, breaking above the moving average. The price is currently $0.1208, potentially reaching $0.20, though a minor correction could occur given the overbought conditions.
The consolidation zone between $0.05 and $0.07 is now key support. A breach below this level could allow the bulls to push the bearish trend further.
Pepe Unchained Charges Towards $20 Million: Next Meme Coin To Explode?
Meanwhile, as the First Neiro On Ethereum price continues its bullish surge, investors are flocking to buy Pepe Unchained (PEPU), a PEPE derivative that’s just blasted past $19.1 million in funds raised in its presale.
This bullish momentum has been bolstered by whale transactions, with purchases of $50,000, $16,000 and $15,000 this week. Notably, the same investor had committed $40,000 to $PEPU tokens 75 days ago, showcasing a strong belief in the long-term potential of the project.
According to analyst and YouTuber ClayBro, with over 130K subscribers, PEPU could surge 20x once it launches.
Pepe Unchained aims to ”unchain” the OG PEPE meme coin from its clunky layer 1 blockchain on Ethereum, where speeds are slow and prices high.
That’s why it comes with its proprietary Layer 2 blockchain called Pepe Chain. The platform aims to offer fast, secure transactions and will feature a dedicated block explorer to enhance its overall usability.
Pepe Chain is a specialized Layer 2 blockchain designed specifically for meme coins. It has the potential to be up to 100 times faster than Ethereum and promises greater scalability, and reduced costs.
Pepe Unchained L2 Sneak Peek!
What we’re building is not just a new chain, but an entire ecosystem.
🐸Pepe Unchained L2
🐸Block Explorer
🐸DEX
🐸Bridge
🐸Advanced Analytics
🐸Builder GrantsPepe Unchained is coming. And it’s going to shake up the crypto space. pic.twitter.com/ZVnvgO6MGF
— Pepe Unchained (@pepe_unchained) September 26, 2024
PEPU Launching ”Frens With Benefits” For Developers
In addition to its core features, the platform provides an extensive toolkit, including a block explorer for tracking transactions, a decentralized exchange (DEX) for easy token swaps, an instant bridge to Ethereum, and advanced analytics for deeper insights.
This quarter, the project is also launching the “Frens with Benefits” program to attract blockchain developers, offering grants and rewards on its new Layer 2 chain. The initiative aims to foster a vibrant ecosystem of decentralized applications (DApps) from the very beginning.
Building. Growing. Reaching new people everyday.
$19M! Let’s go PEPU! 🐸 pic.twitter.com/l95XkoNm3j
— Pepe Unchained (@pepe_unchained) October 12, 2024
Currently, $PEPU tokens are priced at $0.00997, and investors can stake them for an annual return of 115%.
With a price hike coming in a little more than 1 day, buy now to secure one of the most successful ICOs of the year at the lowest possible rate.
Buy PEPU tokens on the official website here using $ETH, $USDT, $BNB, or bank cards.
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