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The Neiro Ethereum price has plunged 18% in the past week and 4% in the last 24 hours to trade at $0.2201 as of 7:15 a.m. EST on a 14% drop in trading volume to $19 million.
Neiro Ethereum Price Analysis: Bulls Poised For A Bullish Comeback
The NEIRO price continues to trade within the bullish channel. Despite facing a strong support zone, the bears are still determined to push the price below the support zone at $0.1285. This support level has proven resilient, allowing buyers to regroup and increase prices. If the bulls take complete control, they could push the price above the wedge, triggering a rally that could catapult NEIRO to a new all-time high.
NEIROUSD Analysis. (Source: Dextools.io)
The NEIRO Ethereum price trades below the 50 Simple Moving Average (SMA). However, it is relatively above the 200 SMA, giving the bulls a chance to drive the price again. This indicates a positive sentiment and diminishing selling pressure for the Neiro price.
The Relative Strength Index (RSI) has rebounded, correcting downwards from the 50 midline level. It is currently below the 50 midpoint, which indicates that the buying pressure for NEIRO is low.
Meanwhile, the MACD indicator, although still trading along the neutral level, is also rising, supporting the bullish sentiment for Neiro Ethereum. The increasing bullish bars and a recent crossover above the signal line have boosted bull traders’ confidence. This means there’s a high chance it could continue the uptrend, favoring the buyers and shifting momentum back to bullish.
The Neiro Ethereum Price Could Rally To A New ATH In Coming Weeks
With support from the technical indicators and moving averages, the Neiro Ethereum price could rally to a new high of $0.2115 in the coming weeks.
However, if the bears gain control in a converse case, the price could drop to the support level at $0.1350. Continued downward pressure may lead to a further decline, potentially to $0.1315.
This P2E Meme Coin Could Be A Gem
Investors looking for cryptos with a potential bullish outlook could consider a new presale called The Meme Games (MGMES), which has already raised over $365K so far.
According to Jacob Bury, a popular crypto analyst on YouTube, MGMES has the potential to surge 10X after its launch.
The Meme Games is a unique gamified meme token project that mixes popular crypto meme characters with a competitive twist. This innovative concept rewards presale buyers with token bonuses for winning events, adding an exciting layer of competition.
Inspired by the 2024 Olympics, the project combines the excitement of crypto meme coins with the thrill of athletic competition. Participants can choose from Dogecoin, Pepe, DogWifHat, Brett, or Turbo and follow their journey to win gold medals. You can select a meme athlete who might earn you extra tokens every time you buy tokens as well.
Mission accomplished: $DOGE delivers the Olympic flag with style, smoke, and a little extra kick. 🏁#Paris2024 #ClosingCeremony #Presale #Crypto pic.twitter.com/SEeV958bAB
— The Meme Games (@MemeGames2024) August 14, 2024
Token holders can also passively earn by staking MGME, which offers a remarkable annual percentage yield (APY) of 565%.
You can purchase MGMES tokens at $0.00925 on the official website. But buy fast as the price is set to rise in less than five days.
Buy MGMES using ETH, BNB, USDT, or a bank card.
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