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The Neiro price has skyrocketed 2,047% in the past week even after sliding 6.9% in the last 24 hours to trade at $0.0008557 as of 6:30 p.m. EST on a 21% plunge in trading volume to $401 million.
Neiro Price Analysis: Bulls Signal A Trend Reversal
The NEIRO/USD 4-hour price action shows that the NEIRO is in the early stages of a potential bullish reversal. According to data from GeckoTerminal, a recent transition from a consolidation stage to a sharp upward movement marked by a parabolic curve indicates strong bullish momentum.
The price, currently around $0.0008557, has broken above the 50-period simple moving average (SMA) at $0.0004439, while the 200-period SMA is slightly below the current price at $0.0001523.
Moreover, these are key indicators of a potential trend reversal from bearish to bullish. The 50-SMA, now acting as potential support, could stabilize the price in case of a pullback, while the 200-SMA still trends downwards, indicating a bullish long-term trend.
NEIROUSD Analysis Source Dextools.io
Though indicating a downtrend, 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 experiencing a slight pullback.
The Relative Strength Index (RSI) at 61.12 points towards overbought conditions, which indicates intense buying pressure for the Neiro price. a cautionary approach as they could face a retracement or consolidation in the short term.
Support levels to watch include the recent low of 0.0007579 and the rising 50-SMA. The next key resistance lies around 0.001156, where the price could encounter selling pressure. While the current momentum is bullish, the RSI approaching overbought conditions warns of potential volatility.
Neiro 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 Heads Towards $15 Million As Whales Join The Feeding Frenzy
As the Neiro price continues its bullish rally, investors are also rushing to buy the new Layer 2 meme coin Pepe Unchained (PEPU), which has surged past $14.3 million in early funding.
Since Thursday, PEPU has received an additional $400,000 in funding as FOMO builds among investors after the project hinted it might list soon.
This surge in capital is also driven by renewed bullish interest in the crypto market after the Fed’s 50 basis point rate cut on Sept. 18, which has boosted digital asset prices across the board.
YouTuber ClayBro, with more than 130k subscribers, says PEPU might be the future of meme coins.
As the first Pepe token to operate on a proprietary Layer-2 blockchain, Pepe Unchained offers advantages that include seamless bridging with Ethereum for easy integration with decentralized applications (dApps), smooth transfers, and minimal transaction costs.
This Layer-2 solution also aims to become a leading platform for meme coin trading. By leveraging the Ethereum Virtual Machine (EVM), developers have the opportunity to create a wide array of applications on the Pepe Chain.
In preparation for the launch of its Layer 2 chain, Pepe Unchained has introduced “Pepe Frens With Benefits,” an initiative to award grants to developers creating projects on its new chain.
Developers are encouraged to build projects, submit grant applications, and await the Pepe Council’s vote. If selected, they will receive the grant. Applications will open in Q4 2024.
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
Lock in 146% APY With PEPU
Investors can also stake PEPU tokens for an annual percentage yield (APY) of 146%.
With only a little more than 1 days left before the next price increase, interested investors should buy PEPU tokens now while it is still priced at $0.00982
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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