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Cryptocurrency News Articles
Neiro Ethereum (NEIRO) Now the Focus of Whales and Institutions, Adds 103 Million Tokens Amid the ongoing significant price surge across the crypto landscape, whales and institutions have now shifted their focus on Neiro Ethereum (NEIRO) and are on a buyi
Sep 28, 2024 at 01:46 am
On September 27, 2024, the on-chain analytic firm Spotonchain made a post on X (previously Twitter) that NEIRO seems to be in an accumulation phase.
Institutions and whales are pivoting their attention toward Neiro Ethereum (NEIRO) with a buying spree underway, as noted by on-chain analytic firm Spotonchain in a X (formerly Twitter) post on September 27, 2024.
Institutions, Whales Adds 103 Million of NEIRO
Institutions and whales have notably accumulated 102.77 million NEIRO tokens, according to the data.
Now, with a market cap of $90 million, this significant accumulation hints at the potential of NEIRO, a meme coin that might rally in the coming days.
NEIRO Current Price Momentum
NEIRO is currently trading around $0.09, remaining stable as other major cryptocurrencies experience significant upside rallies over the last 24 hours. During the same period, its trading volume increased by 10%, indicating strong participation from traders and investors amid ongoing accumulation.
NEIRO Technical Analysis and Upcoming Levels
According to expert technical analysis, NEIRO has been in a consolidation zone for the last ten days and is still struggling to gain momentum. Based on historical price momentum, if the meme coin breaks out of the zone and closes a daily candle above the $0.10 level, there is a strong possibility that NEIRO could soar by 80% to reach the $0.19 level in the coming days.
Due to its low market cap, this meme coin is currently considered risky, while the recent acquisitions by whales and institutions suggest a potential buying opportunity.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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