{"id":586144,"date":"2024-10-11T08:16:21","date_gmt":"2024-10-11T08:16:21","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=586144"},"modified":"2024-10-11T08:16:21","modified_gmt":"2024-10-11T08:16:21","slug":"first-neiro-on-ethereum-price-prediction-neiro-tops-losers-after-cpi-release-as-this-new-meme-coin-ico-races-past-2-1-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/first-neiro-on-ethereum-price-prediction-neiro-tops-losers-after-cpi-release-as-this-new-meme-coin-ico-races-past-2-1-million","title":{"rendered":"First Neiro On Ethereum Price Prediction: NEIRO Tops Losers After CPI Release As This New Meme Coin ICO Races Past $2.1 Million"},"content":{"rendered":"

The First Neiro On Ethereum price plunged 8% in the last 24 hours<\/span> to trade at $0.001619<\/span><\/a> as of 00:40 a.m. EST as trading volume plummeted 24% to $572 million.<\/span><\/p>\n

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.<\/span><\/p>\n

The Consumer Price Index (CPI) rose 0.2% in September versus economist forecasts for 0.1%. Core CPI also rose 0.3%.<\/span><\/p>\n

First Neiro On Ethereum Price Aims For A Breakout<\/h2>\n

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.<\/span><\/p>\n

NEIRO soared from the $0.00089 support in October as the bulls pushed the price towards a curved parabolic rise, according to data from <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

\"First

NEIROUSD Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

First Neiro On Ethereum Price Prediction<\/h2>\n

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.<\/span><\/p>\n

If the trend continues, the NEIRO price could break out of the consolidating channel, as they currently target $0.002316.<\/span><\/p>\n

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.<\/span><\/p>\n

Meanwhile, investors are rushing to buy the new meme coin <\/span>Crypto All-Stars (STARS)<\/span><\/a>, which YouTuber Jacob Bury says has the potential to soar 10X after launch.<\/span><\/p>\n