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The Neiro price jumped 3% in the last 24 hours to trade at $0.0002611 as of 11:22 p.m. EST on trading volume that rose 65% to $124 million.
Neiro Price Shows Signs Of A Reversal
The NEIRO price analysis on the 1-day timeframe reveals a persistent downtrend that has been in play since the asset’s peak in November.
The Neiro price has been moving within a well-defined descending channel, suggesting continuous lower highs and lower lows. However, recent price action indicates that the price is approaching a key Fair Value Gap (FVG) zone, which, according to GeckoTerminal data, could serve as a potential reversal area.
Additionally, the price of NEIRO is testing a historical support zone where a previous major uptrend began in September. This zone is crucial because past behavior suggests it could be a substantial demand area.
A potential breakout from the descending channel would be the first bullish sign to look out for.
Meanwhile, the 50-day Simple Moving Average (SMA) ($0.0003686) is trending above NEIRO, indicating that the asset is still in a bearish phase. The 200-day SMA ($0.0010273) is significantly higher than the current price, confirming that the market is in a long-term downtrend.
The Relative Strength Index (RSI) is at 37.93, which is approaching the oversold territory (typically below 30). While not yet fully oversold, it suggests that selling pressure has been dominant for a while, and a potential rebound could be on the horizon.
NEIRO Price Prediction
Given the confluence of the FVG, historical support, and RSI nearing oversold levels, there is an increasing likelihood of a short-term reversal.
If the Neiro price successfully bounces from the support zone, the first target would be the 50-day SMA ($0.0003686), followed by the next major resistance at $0.0010273 (200-day SMA).
However, if the support zone fails to hold, the downtrend could continue further, potentially making new lows around the $0.00005690 on the FVG.
As the NEIRO price soars, investors are shifting focus to a new meme coin called Meme Index (MEMEX).
According to 99Bitcoins, a prominent crypto channel on YouTube that boasts over 725K subscribers, MEMEX has the potential to be the next 100x crypto.
Meme Index Presale Rockets Past The $4 Million Mark – Last Chance To Buy
Meme Index is transforming meme coin investing with an ETF-like approach.
Investors can gain exposure to multiple meme coins with a single token, simplifying portfolio diversification and reducing the complexity of managing numerous tokens.
Instead of the usual chaos native to the meme coin market, the project offers four curated indexes covering a wide range of tokens, from Dogecoin and Pepe to newly launched coins.
These indexes are Meme Titan, Moonshot, Midcap, and Meme Frenzy. Each basket caters to varying risk appetites, from relatively safer options like Meme Titan to the highest-risk index Meme Frenzy, which features emerging and highly volatile meme coins for those seeking a thrilling investment experience with potentially huge rewards.
GET READY TO MOON, DEGENS! Meme Coin Mania is BACK and better than ever! With Solana at the helm, my AI-powered $MEMEX is scanning the markets for the NEXT BIG THING! Stay glued for exclusive alpha, insights, and updates on the hottest meme coins!
— Meme Coin Mania (@MemeCoinMania77) February 5, 2025
This unique approach has captured the attention of investors, who have already pumped over $4.01 million into the project’s presale.
MEMEX holders also have a voice in governance, voting on which new meme coins should be included in the index.
This feature gives investors direct influence over the asset composition, ensuring that the index adapts to market trends.
MEMEX holders can also participate in its presale staking pool, which currently provides a stratospheric annual yield of 569%.
To participate in the presale, you can purchase MEMEX tokens on the official website for just $0.0166883. Don’t wait too long, because the presale ends in 17 days.
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