{"id":598860,"date":"2024-11-15T10:24:53","date_gmt":"2024-11-15T10:24:53","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=598860"},"modified":"2024-11-15T10:24:53","modified_gmt":"2024-11-15T10:24:53","slug":"first-neiro-on-ethereum-price-neiro-plunges-18-as-investors-rush-to-buy-pepe-unchained-before-its-too-late","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/first-neiro-on-ethereum-price-neiro-plunges-18-as-investors-rush-to-buy-pepe-unchained-before-its-too-late","title":{"rendered":"First Neiro On Ethereum Price: NEIRO Plunges 18% As Investors Rush To Buy Pepe Unchained Before It\u2019s Too Late"},"content":{"rendered":"

The First Neiro On Ethereum price <\/span>plummeted<\/span><\/a> over 18% in the last 24 hours to trade at $0.002197 as of 5:50 a.m. EST as traders offload their holdings in the <\/span>meme coin<\/span><\/a> on the market.<\/span><\/p>\n

Following the 24-hour loss recorded by the NEIRO price, the altcoin’s weekly performance has been pushed into the red. As a result, the crypto is down more than 4% on the longer-term time frame.<\/span><\/p>\n

First Neiro On Ethereum Price Rebounds From Key Support<\/span><\/h2>\n

\"NEIRO<\/p>\n

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

The First Neiro On Ethereum price bounced off of the support at $0.001880 in the last few hours, and has been in a positive sequence ever since. Should buyers continue to enter the meme coin’s charts in the next 24 hours, NEIRO might have the momentum needed to flip the $0.002460 resistance into support.<\/span><\/p>\n

A break above the $0.002460 technical barrier could then give the First Neiro On Ethereum price the foundation needed to keep rising in the short term. Traders might subsequently decide to push the NEIRO price up to the next major resistance level at $0.003040.<\/span><\/p>\n

However, a rejection by the $0.002460 resistance could invalidate the bullish thesis. Sellers might take control of the First Neiro On Ethereum price once again in this alternative scenario. NEIRO could then stand the risk of losing the support of the technical safety net at $0.001880. Continued pressure from sellers at this point might push <\/span>NEIRO<\/span><\/a> down to $0.001416.<\/span><\/p>\n

First Neiro On Ethereum Price Might Challenge The $0.002460 Resistance Soon<\/span><\/h2>\n

Technical indicators on NEIRO’s 4-hour chart suggest buyers are starting to chip away at sellers’ strength. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators suggest a potential reversal of NEIRO’s bearish trend might be in the cards. <\/span><\/p>\n

In the last few hours, RSI readings have started to rise. The current reading below 50 warns that sellers still have a tight grip on the First Neiro On Ethereum price. However, the positive slope of the RSI line suggests a shift in power that favors buyers could happen soon. A confirmation might be when the RSI breaks above the crucial 50 benchmark.<\/span><\/p>\n

Meanwhile, a major bullish technical flag is on the verge of being triggered by the MACD on the 4-hour chart. Recently, the MACD line has started to close in on the MACD Signal line. The former crossing above the latter could indicate that NEIRO has entered a short-term positive trend.<\/span><\/p>\n

As bulls try to regain control of NEIRO, investors are flocking to layer-2 meme coin <\/span>Pepe Unchained (PEPU)<\/span><\/a> ahead of its exchange listings.<\/span><\/p>\n

A Supercharged PEPE About To Enter The Crypto Market<\/span><\/h2>\n

Pepe Unchained (PEPU) is on a mission to free the popular Pepe meme from the congested Ethereum network. Up until now, the character’s fans have had their loyalty tested by having to put up with high transaction fees and slow processing times as more projects enter the Ethereum ecosystem.<\/span><\/p>\n

With its own layer-2 network, Pepe Unchained will elevate the Pepe brand to new heights in the booming meme coin market and the broader crypto space. The project’s native chain will not only unlock a 100-fold increase in transaction speeds, it will also serve as the framework for the next generation of Web3 apps.<\/span><\/p>\n

This comes after the team recently announced the launch of its developer grant program, which will give approved developers the necessary financial backing to build the next big thing in the digital asset space on the Pepe Unchained network. What’s more, the project’s team also unveiled their own token launchpad to compete directly with Solana’s Pump.fun platform.<\/span><\/p>\n

These recent developments in the Pepe Unchained ecosystem have excited multiple crypto experts, who anticipate great things in the crypto’s future. Popular YouTuber ClayBro told his over 131K subscribers in a recent video that PEPU could overtake PEPE to become the third largest meme coin as well as lead the next meme coin super cycle.<\/span><\/p>\n