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The Neiro Ethereum price has pumped 10% in the last 24 hours to trade at $0.2218 as of 6:50 p.m. EST on a 15% surge in trading volume to $21 million.
Neiro Ethereum has emerged as one of the top-performing tokens. In less than two weeks, $NEIRO has managed to reach a market capitalization of $260 million.
Neiro Ethereum Price Analysis: Bulls Stage A Strong Support Zone
The NEIRO price indicates a gradual uptrend, resulting in the formation of a bullish channel. Traders look to this pattern for a continuation of the positive trend. According to GeckoTerminal data, the small drop from the channel’s upper trendline at $0.2943 has led to bulls showing more resilience.
Though bears are trying to push the Neiro Ethereum price down, bulls seem poised to drive the meme coin’s price up to the channel’s upper trendline. If bulls take full control, they could push the crypto’s value above the channel, triggering a bullish rally that could catapult NEIRO to a new all-time high.
NEIROUSD Analysis. (Source: Dextools.io)
Neiro Ethereum Price Bullish On Technical Indicators
The NEIRO Ethereum price trades below the 50 Simple Moving Average (SMA). However, it is relatively above the 200 SMA, giving bulls a chance to drive the price up again. This also indicates a positive sentiment and diminishing selling pressure for the NEIRO price.
The Relative Strength Index (RSI) has been trading along the 50 midline level, with bulls trying to push the price up several times. This level looks strong enough to allow the RSI to surge to the overbought zone of 70. With the RSI currently at 53, it seems buying pressure for NEIRO’s price is beginning to pile up, which might force the RSI to rise again.
Meanwhile, the MACD indicator is still trading above the neutral level. Though it experienced a fall recently, there is still hope that bulls will push back, which may force the MACD to fly back up.
Neiro Ethereum Price Prediction: Is $0.4 Within Reach?
Bulls are poised to drive the price higher. With support from technical indicators and moving averages, the Neiro Ethereum price could rally to a new high of $0.4435 in the coming weeks.
However, if bears gain control in a converse case, the price could drop to the support level of $0.1964. Continued downward pressure might then lead to a further decline, potentially reaching the upper trendline of the wedge at $0.1335.
While the Neiro Ethereum price looks to continue its bullish trend, investors are flocking to the layer-2 meme coin Pepe Unchained (PEPU) for parabolic gains.
Pepe Unchained ($PEPU) Presale Zooms Past $8 Million: The Best Meme Coin To Buy Now?
Pepe Unchained (PEPU) is one of the best and top-performing ICOs this year, shielded from the ongoing meme coin selloff affecting the sector. PEPU operates on its own layer 2 network, moving the popular PEPE meme away from the congested layer 1 Ethereum blockchain. Through its dedicated layer 2 network, Pepe Unchained provides investors with faster transaction speeds, greater scalability, and significantly lower fees.
According to the project’s team, PEPU aims to achieve speeds up to 100 times faster than that of meme coins on the Ethereum mainnet.
Pepe is gearing up to surf his own Layer 2 blockchain – the first of its kind! 🐸🌊 pic.twitter.com/T41V8wNDBh
— Pepe Unchained (@pepe_unchained) August 8, 2024
Get Passive Income Through Staking
Additionally, Pepe Unchained’s layer 2 chain will feature its own explorer. The project will also offer investors who acquire and stake PEPU at this early stage an impressive annual percentage yield of 239%.
This has attracted an analyst from the 99Bitcoins YouTube channel, which boasts over 706k subscribers, who says PEPU has the potential to lead the next bull market and even become the top meme coin.
You can join investors in this presale by buying the token for $0.0089919. But do not wait too long to buy, because there will be a price hike in less than 10 hours.
Buy PEPU here using ETH, USDT, BNB, or a bank card.
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