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The Neiro price surged 37% in the last 24 hours to trade at $0.0005914 as of 9:33 p.m. EST as traders go long on the crypto.
The recent gain by the NEIRO price is a continuation of the meme coin’s positive weekly streak. As a result, the altcoin is in the green by more than 178% on the longer-term 7-day time frame.
Neiro Price Breaks A Major Resistance Level
Daily chart for NEIRO/USD (Source: GeckoTerminal)
The Neiro price was able to break above the resistance level at $0.0005227 in the last 24 hours, data from GeckoTerminal shows. Should the meme coin close today’s daily candle above this mark, it could have a strong foundation to rise off from to attempt to flip the next barrier at $0.0007458 into support.
However, the Neiro price dropping below $0.0005227 in the next 24 hours could lead to a more bearish scenario playing out in the next couple of days. If this happens, traders might start to realize their profits from the meme coin’s recent rally. This potential sell pressure could then push NEIRO down to as low as the $0.0003163 support.
Technicals Suggest The Neiro Price Might Continue To Climb Despite Being Overbought
From a technical point of view, indicators on the daily chart such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest the Neiro price might keep rising in the next 24 hours.
The MACD line is currently positioned above the MACD Signal line. This is generally regarded as bullish and interpreted as an indication that a crypto is in a positive trend. The growing gap between the two MACD lines also suggests growing bullish momentum.
Buyers seem to have the upper hand over sellers as well, with the RSI well above the neutral 50 mark in the low 80s. While the latest reading warns of overextended market conditions and could result in a pullback soon, it’s not unusual for the RSI to remain high for a sustained period of time. This is often the case when a crypto is pumping.
As the Neiro price looks to continue surging, investors are also buying into the presale for BTC Bull Token (BTCBULL). According to 99Bitcoins, a prominent YouTube channel with over 725K subscribers, BTCBULL has the potential to soar 10X after its launch.
A Meme Coin Offering Investors Free Bitcoin
BTC Bull Token is a Bitcoin-branded meme coin that is built on the belief that the largest crypto by market cap will soar to $1 million per coin, and possibly even higher. As the Bitcoin price soars to new heights, BTC Bull Token will reward its investors with Bitcoin airdrops and BTCBULL token burns at certain milestones.
The first BTC airdrop will happen when Bitcoin hits $150K for the first time. Thereafter, every new $50K milestone BTC achieves will result in an additional airdrop to BTCBULL holders.
Meanwhile, the first BTCBULL token burn will happen a bit sooner, with the first of these events set to take place when Bitcoin reaches $125K. Every subsequent $25K increase in the crypto market leader’s price will then also permanently remove tokens from the supply.
The shrinking BTCBULL supply could be met with strong demand for the meme coin from investors looking to get in on the project’s Bitcoin airdrops. This could lead to a favorable supply and demand ratio, which might ignite the BTCBULL rally predicted by 99Bitcoins.
With Bitcoin trading back above $100K, BTCBULL also gives investors a much more affordable way to grow their Bitcoin exposure without having to buy BTC directly.
The market leader rising back above the psychological $100K mark puts the next milestone at $125K, which will trigger a BTCBULL token burn, within reach as well. It also moves the first Bitcoin airdrop milestone of $150K closer.
BTC Bull Token Presale Charges Towards $6 Million – Best Crypto To Buy Now?
Investors are rushing to buy BTCBULL during its ongoing presale phase, and have already invested over $5.6 million in early-stage funding into the project.
Anyone that wants to participate in the ICO can do so by purchasing BTCBULL through the simple buy widget embedded on the project’s website. Selling for $0.00251 apiece, the meme coin can be bought with either crypto or bank card. Tokens can also be locked up in the project’s presale staking pool for a 73% APY.
Interested investors looking to secure the best presale deal will want to act fast, because BTCBULL’s price will increase as its presale progresses. The next price hike will take place in less than 31 hours.
Visit the BTC Bull Token website.
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