Neiro Ethereum (NEIRO) Price Prediction: NEIRO To Continue Soaring

The Neiro Ethereum price has soared 553% in a week even after a 6% tumble in the last 24 hours to trade at $0.1748 as of 00:51 a.m. EST

The price of Neiro (NEIRO) has skyrocketed 553% in a week despite a 6% decline in the last 24 hours, reaching $0.1748 as of 00:51 a.m. EST with trading volume surging 19% to $85.7 million.

The NEIRO price faced a downtrend from August 26 to September 4, starting at the $0.16 resistance and dropping down to the $0.02 support level. However, the support level allowed the bulls to propel the token into a markup phase back to the resistance, forming a rounding bottom pattern.

Now, capitalizing on the rounding bottom, the bulls are pushing the price of Neiro Ethereum above the resistance, as depicted in the NEIROUSD 4-hour chart analysis.

The price of Neiro Ethereum is now trading above both the 50-day and 200-day Simple Moving Averages (SMAs), which confirms the bullish trend.

Furthermore, the 50-day SMA appears to be approaching the 200-day SMA, potentially forming a golden cross in the upcoming days, which would bolster the probability of a continuous bullish rally.

If the bullish momentum continues, the price of Neiro Ethereum could rise even higher, with bulls targeting $0.30.

However, the Relative Strength Index (RSI) seems to be correcting below the 70-overbought region, currently at 60 and moving downwards. If the selling continues, the Neiro Ethereum price could drop, with the 200-day SMA acting as the immediate support level at $0.1136.

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