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The Neiro on ETH price soared 20% in the last 24 hours to trade at $0.07279 as of 4:13 a.m. EST even as trading volume plunged 22% to $48 million.
Neiro on ETH Price Analysis: Could a Bullish Breakout Be Imminent?
The Neiro on ETH price has been showing signs of potential bullish breakout on the 4-hour timeframe after forming a rounding bottom pattern that prompted the bullish trend, according to data from GeckoTerminal.
The bulls aim to maintain their current stance as the price of Neiro on ETH trades above the 50-day Simple Moving Average(SMA). Currently, the 200-day Simple Moving Average (SMA) is acting as its next resistance zone .
The Relative Strength Index (RSI), currently at 60, shows signs of a likely downtrend, implying that the selling pressure may be increasing .
The Moving Average Convergence Divergence (MACD) indicator shows that the bullish momentum is building up as the blue MACD moves above the orange signal line, forming a bullish crossover.
If bulls prevail, NEIRO price could soar to its next resistance zone at $0.14406 (200-day SMA).
Conversely, if the market conditions turn bearish, Neiro could plunge back to its next support level at $0.05422.
Meanwhile, some investors are shifting to Mega Dice (DICE), a new GambleFi project that has only 11 days of its presale left.
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Mega Dice is a GameFi cryptocurrency initiative operating on the Solana network that has raised over $1.79 million.
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