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The First Neiro On Ethereum price plunged 8% in the last 24 hours to trade at $0.001619 as of 00:40 a.m. EST as trading volume plummeted 24% to $572 million.
The NEIRO price plunge made it the biggest loser among major cryptos by market capitalization. This comes as inflation came in stronger than expected in the U.S. in September, according to the government’s Consumer Price Index (CPI) report released on Oct. 10.
The Consumer Price Index (CPI) rose 0.2% in September versus economist forecasts for 0.1%. Core CPI also rose 0.3%.
First Neiro On Ethereum Price Aims For A Breakout
The First Neiro On Ethereum price action shows a clear uptrend, with the asset making higher highs and higher lows, especially visible from late September onwards.
NEIRO soared from the $0.00089 support in October as the bulls pushed the price towards a curved parabolic rise, according to data from GeckoTerminal.
However, the current price is consolidating after a sharp rise, which might indicate a trend continuation or a possible reversal if crucial support levels are broken.
The price of First Neiro On Ethereum now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the bullish stance.
However, the Relative Strength Index (RSI) is falling towards the 50-midline level, currently at 51 and still falling, which coincides with the recent downtrend towards the lower boundary of what seems to be a bullish pennant.
NEIROUSD Chart Analysis Source: GeckoTerminal.com
First Neiro On Ethereum Price Prediction
According to NEIRO/USD chart analysis,there appears to be a bullish flag or pennant forming after the sharp rise in price, which is a continuation pattern. The horizontal consolidation seen here could break to the upside if the overall trend remains intact.
If the trend continues, the NEIRO price could break out of the consolidating channel, as they currently target $0.002316.
Conversely, if the bears take control of the price at this level, the price of First Neiro On Ethereum could plunge back to the $0.000904 support, acting as a cushion against downward pressure.
Meanwhile, investors are rushing to buy the new meme coin Crypto All-Stars (STARS), which YouTuber Jacob Bury says has the potential to soar 10X after launch.
The Crypto All-Stars Presale Raises Over $2.17 Million – Best Meme Coin To Buy Now?
Crypto All-Stars is offering an industry-first opportunity for investors to stake meme coins on one platform via its innovative MemeVault protocol.
With MemeVault, meme coins including DOGE, SHIB, and PEPE can all be staked together while earning STARS tokens as rewards.
In all, 11 meme coins can be staked on the platform, the other eight being Floki Inu, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk.
A brand-new player in the meme coin space, Crypto All-Stars just launched within the past 24 hours, and it’s already making waves! 🌊
Here’s why you should pay attention. 🧵👇
— web3telepath (@web3telepath) August 15, 2024
Apart from staking other meme coins, investors can also stake $STARS tokens, which have a huge annual percentage yield (APY) of 682%.
You can buy $STARS tokens for $0.0014947 each right now. If you want to join investors who have already pumped $2.17 million into the project, buy before a price hike in about 2 days.
Purchase $STARS from its official website here using BNB, USDT, or a bank card.
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