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The Neiro Ethereum price has jumped 24% in the last 24 hours to trade at $0.1918 as of 3:25 a.m. EST on a 7% surge in trading volume to $79 million.
Neiro Ethereum Price Rebounds On A Support Zone
The NEIRO price shows a clear uptrend in a 4-hour timeframe following the formation of a rounded bottom pattern which is a bullish reversal pattern, indicating a transition from a downtrend to an uptrend.
The price action, breaking above the 50-day Simple Moving Average (SMA) and approaching the 200-day SMA, confirms this. The 50-SMA, currently at $0.0998, is trending upwards, showing that short-term momentum is positive.
NEIROUSD Analysis Source: Derxtools.io
Key price points are the support levels at around $0.0510 and $0.0998. These levels have acted as strong support during the previous consolidation phases. The price has currently moved above these support levels and is trading at approximately $0.1899.
The MACD is also above the signal line, with a positive histogram, which supports the bullish momentum. Additionally, the RSI is at 68.32, nearing the overbought zone but still indicating strong buying pressure.
The NEIRO/USD pair may reach the target price of $0.2500 within the next few trading sessions. If the price sustains above this level, the next possible target could be around $0.3012.
However, traders should remain cautious of potential pullbacks, especially if the RSI enters overbought territory. This could lead to a short-term correction before resuming the uptrend.
Pepe Unchained ICO Blasts Towards $13 Million: Best Meme Coin To Buy Now?
As the Neiro Ethereum price continues its bullish rally, PEPE fans continue to pump more cash into the new layer 2 meme coin Pepe Unchained (PEPU), which is rocketing towards $13 million in funding in its ICO.
Prominent crypto YouTube channel 99Bitcoins, with over 706k subscribers, says that PEPU could explode 100x after launch.
Pepe Unchained is more than just another meme coin riding the trend, it aims to revolutionize the space with its own Layer-2 blockchain.
Unlike most meme coins that face challenges due to Ethereum’s limitations, Pepe Unchained’s team seeks to create a more efficient environment for traders and developers.
By shifting transactions off the Ethereum mainnet, the project aims to lower fees and significantly increase transaction speeds up to 100 times faster. This could give Pepe Unchained a major advantage among meme coin traders.
THIS is how it feels to enter the Pepe Unchained presale.
LFG pic.twitter.com/PY4ir9mLRU
— Pepe Unchained (@pepe_unchained) September 8, 2024
The blockchain will also enable seamless bridging between Pepe Unchained and Ethereum, making it easy for $PEPU investors to move capital throughout the Ethereum ecosystem. These features will enhance the user experience, making it more efficient and accessible.
Token holders can stake PEPU to earn passive income with an attractive estimated annual percentage yield (APY) of 163%.
Currently, PEPU tokens are available for purchase at $0.0096126 each. Buy before a price increase in less than 24 hours to secure the best deal.
Buy PEPU tokens here using ETH, USDT, or a bank card.
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