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The First Neiro On Ethereum price has surged 2,949% in the past week and 34% in the last 24 hours to trade at $0.001108 as of 12:30 a.m. EST on a 70% pump in trading volume to $318 million.
First Neiro On Ethereum Price Explodes
The NEIRO/USD 4-hour chart suggests that NEIRO is in the early phases of a potential bullish reversal. After a period of consolidation, the price has made a sharp upward move, forming a parabolic curve that signals strong bullish momentum.
Currently trading around $0.001108, NEIRO has broken above the 50-period simple moving average (SMA) at $0.0006522, with the 200-period SMA slightly trailing below $0.0002045. A recent surge above the support level at $0.0007645 has propelled the price up by 60%, with expectations of further upside in the coming weeks.
These developments point to a likely trend reversal from bearish to bullish. The 50-SMA, now serving as potential support, could help stabilize the price during any pullbacks, while the 200-SMA, though still trending downward, hints at a strengthening long-term bullish trend.
NEIROUSD Analysis Source Dextools.io
The Moving Average Convergence Divergence (MACD) indicator is still bullish, trading above the neutral level. The MACD average line, significantly below the signal line, and the diminishing histogram bars indicate that NEIRO price is gaining momentum.
Furthermore, the Relative Strength Index (RSI) is trading at 79.03, rebounding from the 50 midline level and into overbought, which indicates intense buying pressure for the First Neiro On Ethereum price. However, a cautionary approach should be taken as this case also interprets that the buying pressure may be fading and a retracement or consolidation in the short term may occur
Support levels to watch include the recent low of 0.0007645 and the rising 50-SMA. The next key resistance lies around 0.001456, where the price could encounter selling pressure. While the current momentum is bullish, the RSI in overbought conditions warns of potential volatility.
First Neiro On Ethereum Price Prediction
The price action highlights a target price near $0.001156, a potential upside if the price breaks above the resistance level at $0.0009741. This target is based on the reward potential from the ongoing reversal. If the price surpasses the resistance level, a rally toward $0.001156 could play.
On the downside, the 200-SMA at $0.0001523 is a key level to monitor, acting as strong support in case of short-term pullbacks.
PEPU ICO Closes On $15 Million: Best Meme Coin To Buy Now?
As First Neiro On Ethereum maintains its bullish momentum, investors are also flocking to purchase the new Layer 2 meme coin Pepe Unchained (PEPU), which has already surpassed $14.7 million in funding.
Popular YouTuber ClayBro, with more than 130k subscribers, says PEPU might be the future of meme coins.
PEPU is the first token to operate on its own proprietary Layer-2 blockchain, which offers benefits that include seamless bridging to Ethereum for easy integration with decentralized applications (dApps), fast transfers, and low transaction fees.
This Layer-2 solution also aspires to be a top platform for meme coin trading. By utilizing the Ethereum Virtual Machine (EVM), developers have the flexibility to create a wide range of applications on the Pepe Chain.
Ahead of the launch of its Layer-2 chain, Pepe Unchained has introduced a program called “Pepe Frens With Benefits” to incentivize developers.
We're making rapid progress on the $PEPU token raise and Layer 2 Mainnet launch!
The Pepe Unchained developers have built something special, and we can’t wait to roll it out to the public. pic.twitter.com/NMDQ1ZRnmN
— Pepe Unchained (@pepe_unchained) September 18, 2024
This initiative provides grants to developers working on projects for the new chain. Developers are invited to submit their project ideas and grant applications, which will be reviewed by the Pepe Council. Selected projects will receive funding. Applications for these grants will open in Q4 2024.
Investors are also able to stake PEPU tokens for a 146% annual percentage yield (APY).
With about 13 hours remaining until the next price increase, those interested should act quickly to purchase PEPU, which is currently priced at $0.00983.
To participate in the presale, visit the project’s official website, connect your wallet, and buy $PEPU using ETH, USDT, BNB, or a bank card.
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