{"id":593310,"date":"2024-10-31T09:07:37","date_gmt":"2024-10-31T09:07:37","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=593310"},"modified":"2024-10-31T09:07:37","modified_gmt":"2024-10-31T09:07:37","slug":"first-neiro-on-ethereum-price-soars-9-in-a-week-but-experts-say-consider-this-pepe-upgrade-for-100x-gains","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/first-neiro-on-ethereum-price-soars-9-in-a-week-but-experts-say-consider-this-pepe-upgrade-for-100x-gains","title":{"rendered":"First Neiro On Ethereum Price Soars 9% In A Week, But Experts Say Consider This PEPE Upgrade For 100X Gains"},"content":{"rendered":"

The First Neiro On Ethereum price is up more than 9% in the past week following a 2% <\/span>jump<\/span><\/a> in the last 24 hours to trade at $0.001712 as of 11:34 p.m. EST.<\/span><\/p>\n

The NEIRO price gained even as the meme coin<\/a><\/span> sector overall saw its market capitalization drop more than 2%.<\/p>\n

The First Neiro On Ethereum Price Challenging The $0.001765 Resistance <\/span><\/h2>\n

\"NEIRO<\/p>\n

4-hour chart for NEIRO\/USDT (Source: <\/span>GeckoTerminal<\/span><\/a>)<\/span><\/p>\n

The First Neiro On Ethereum price is attempting a challenge at the $0.001765 resistance level. Should traders successfully push the meme coin’s price above this technical barrier, NEIRO might gain the space needed to keep rising in the following 24 hours. This could lead to the First Neiro On Ethereum price rising to as high as the subsequent resistance at $0.002147.<\/span><\/p>\n

However, a rejection from the $0.001765 barrier in the next 12 hours could stop the <\/span>First Neiro On Ethereum<\/span><\/a> price in its tracks. Traders could subsequently end up exerting sell pressure on the meme coin in this alternative scenario, which might push NEIRO down to the immediate support at $0.001358. Continued sell pressure could then lead to it plunging to $0.001025.<\/span><\/p>\n

Technicals Warn The First Neiro On Ethereum Price Is Losing Its Bullish Strength<\/span><\/h2>\n

From a technical perspective, indicators on NEIRO’s 4-hour chart suggest the meme coin’s price might undergo a slight correction in the coming 12 hours. The Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators show signs of diminishing buyer strength and waning bullish momentum.<\/span><\/p>\n

RSI readings dropped in the last 12 hours, which is usually seen as a warning of buyers losing their grip on a crypto’s price. Although the current reading is still bullishly above 50 at 58, the negative slope of the RSI line suggests that this might not be the case for long.<\/span><\/p>\n

NEIRO’s bullish momentum seems to be cooling off as well, which is evident by the MACD line that is dropping towards the MACD Signal line. If the gap between the two technical indicators continues to shrink, it could lead to a bearish crossover between the MACD and MACD Signal lines to indicate that the First Neiro On Ethereum price has entered a negative cycle.<\/span><\/p>\n

With technicals starting to show bearish signs for the First Neiro On Ethereum price, investors might want to pivot to the layer-2 meme coin rival <\/span>Pepe Unchained (PEPU)<\/span><\/a>, one of the hottest presales of the year after raising a huge $23.7 million.<\/span><\/p>\n

A Scalable Framework Suitable For The Next Meme Coin Super Cycle<\/span><\/h2>\n

Meme coins have been the best performing assets in the crypto market this year, but their backers still have a lot to look forward to as experts and analysts forecast an upcoming meme coin supercycle. Hype around these tokens has already caused outages for some of the biggest layer-1 networks, including the TON and Solana chains.<\/span><\/p>\n

This is where Pepe Unchained (PEPU), with its own layer-2 network, aims to make a difference. Pepe Unchained will enable transaction speeds that are 100 times faster, while simultaneously slashing network fees with its surplus of computational power.<\/span><\/p>\n

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Pepe Unchained L2 Sneak Peek!<\/p>\n

What we're building is not just a new chain, but an entire ecosystem.<\/p>\n

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Pepe Unchained is coming. And it's going to shake up the crypto space. pic.twitter.com\/ZVnvgO6MGF<\/a><\/p>\n

— Pepe Unchained (@pepe_unchained) September 26, 2024<\/a><\/p><\/blockquote>\n