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The Neiro price surged 13% in the last 24 hours to trade at $0.002341 as of 2.40 a.m. EST on trading volume that dropped 9% to $924.12 million.
Neiro, also known as First Neiro On Ethereum, saw its price skyrocket after Coinbase announced its NEIRO-PERP listing. The exchange said that the new market is now in full-trading mode on its Coinbase Advanced platform, allowing traders to use limit, market, stop, and stop limit orders to make the best of it.
Our NEIRO-PERP market is now in full-trading mode on Coinbase International Exchange and Coinbase Advanced. Limit, market, stop, and stop limit orders are all now available. $NEIRO pic.twitter.com/K3WLPy2iKq
— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) November 7, 2024
NEIRO started surging late on Nov. 5 alongside the rest of the market after it emerged Donald Trump would win the US election, helping Neiro soar from $0.001294 to $0.0025, which it reached only a few hours earlier.
The project encountered multiple resistances along the way, but most of them have fallen after briefly rejecting the project’s price, only for it to bounce back up.
The new listing certainly empowered the project and its holders, allowing Neiro to become one of the best performers among the major meme coins after surging 58% in the past seven days.
Neiro Price Prediction
The Neiro price encountered a strong resistance at $0.0025, as mentioned, and this level rejected its advances twice in the last 24 hours. Now, the question that many are asking is whether the project can overcome it in days to come.
According to certain technical indicators, Neiro may have reached its limit for the time being. Its Bollinger bands have started narrowing once more, and its price, which pushed the upper band only a few hours ago, has dropped to the middle point between the two bands now.
Both the drop from the upper band and the fact that the lines are growing closer together are bearish signals, indicating that the token might soon start seeing a correction. A drop in its volume certainly suggests that the bulls have started slowing down their purchases, but the volume could start going up again if the bearish market overtakes the project and the holders start selling.
The project’s Relative Strength Index (RSI) value suggests that this may have already started. The RSI has dropped from the overbought zone at 72.24, which it reached some six hours earlier, to the neutral zone, dropping to 42.94 before going back up to the current value of 51.90.
But, if the bearish pressure increases, the RSI still has plenty of room to spiral down before it reaches the oversold zone at 30, which is where the traders might start buying the dip.
On the other hand, it is possible that this might not happen, given the bullish sentiment of the overall market, which might be enough to overwrite Neiro’s own situation, which has seen the bulls weaken over the last few hours.
At the very least, the project might see some increased volatility moving forward, but it is likely to fall in line with the wider market before long.
Promising Alternative To Neiro
While Neiro may have reached its limit for the time being, there are other high-potential cryptos that you can buy right now that are just starting out.
One of them is Flockerz (FLOCK), a new meme coin project that introduced a new way of keeping its community engaged. Flockerz has created a new model called Vote-To-Earn (V2E), which incentivizes its token holders to join the decision-making process and cast their vote whenever there is something to decide.
All truly decentralized cryptos have their communities vote on any developments, especially when it comes to important changes in direction, upgrades, and alike.
However, in most cases, holders lose interest over time. Flockerz, on the other hand, provides an immediate reward in the form of FLOCK tokens for every voting session, giving holders a reason to keep chiming in.
The new method has already inspired many to invest in the project, and experts such as ClayBro, a crypto YouTuber with over 130k subscribers, think that it could have up to 20x potential after launch.
So far, the project’s ICO has raised over $1.31 million. Its token is selling for $0.0059571 and you can buy it with ETH, USDT, BNB, or your credit/debit card.
If you are interested, don’t wait too long because a price hike is coming in less than 22 hours.
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