|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
NEIRO Price Prediction: Will a Bullish Breakout Rally in the “First NEIRO on Ethereum” Token Sustain Above $0.0020 to Hit the $1 Billion Market Cap This Week?
Oct 14, 2024 at 06:08 pm
With a bullish recovery gaining momentum, the NEIRO token has increased by 2.02% in the past 24 hours. Despite a slow Sunday, the meme token has increased by 42.16% in the past seven days and has a market cap of $855 million.
The “First NEIRO on Ethereum” token has had a remarkable run-up in the past few weeks, leaving many traders wondering if the bullish trend will continue and propel the token to hit the $1 billion market cap.
With a slight pullback in the broader market on Sunday, the rate of increase in the meme coin has slowed down. However, NEIRO still managed to gain 2.02% in the past 24 hours, bringing the total increase to 42.16% in the past seven days.
At the time of writing, the token is trading at $0.002033 with a market cap of $855 million.
As the token approaches the $1 billion market cap, traders are now eyeing the next target of $0.0030, which would bring NEIRO to a market capitalization of $1 billion. But can the bullish trend continue and reach this new milestone?
Let’s take a closer look at the NEIRO price analysis from the 4-hour chart and find out.
NEIRO Price Analysis 4-Hour Chart
In the 4-hour chart, we can see that the NEIRO token has broken above a consolidation range that formed a bullish flag pattern. The range extended from $0.0015 to a resistance trendline (dotted white line) near $0.001869.
The breakout from this consolidation occurred on Friday and Saturday with a recovery rally that saw the meme coin register a price jump of 38.21% from $0.001561 to $0.002158.
However, the breakout rally soon started to lose momentum, resulting in a retest of the 20-EMA in the 4-hour chart (blue line) and a potential double-top formation at the resistance trendline.
Currently, NEIRO’s short-term price action reveals a minor pullback phase leading to a consolidation phase near the $0.0020 psychological mark. Despite the pullback, the bullish trend is likely to continue as the whale activity increases.
On the 4-hour chart, we can see that the technical indicators are still bullish with a positive alignment of 20, 50, 100, and 200 EMA in the 4-hour chart, providing dynamic support to the price.
Meanwhile, the cooldown phase in the 4-hour RSI line drops below the overbought territory but sustains above the 50% line, indicating a potential slowdown in the buying pressure but still in a bullish zone.
NEIRO Whale Activity Surges
A recent snapshot of all the whale activities by SpotOnChain reveals buying activity that suggests a potential bull run ahead. Among the most optimistic whales, GSR Market is notably bullish on NEIRO, إذاعة holding 40.4 million NEIRO tokens, which accounts for nearly 4.04% of the total supply.
Adding to the bullish sentiment, a savvy trader with wallet address 0xE9F sold $1 million worth of OM and ATH tokens to acquire 8.45 million First NEIRO on Ethereum tokens.
Moreover, Vida BWE of bwecapital.eth has also accumulated a significant amount of tokens, nearly 0.4% of the circulating supply, with 4.065 million tokens.
However, some whales are exiting trades, whether due to losses or profit-taking.
For example, a Shiba Inu whale that earlier profited $145 million from SHIB sold 17.5 million NEIRO tokens at a loss of nearly $1.5 million. Meanwhile, another
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!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Bitcoin (BTC) Whale Dumps $1.2M Worth of Shiba Inu (SHIB) to Buy ETFSwap (ETFS) Token, the Dogecoin (DOGE) Alternative, Set to Explode by 30,000%
- Oct 14, 2024 at 10:20 pm
- As Shiba Inu (SHIB) continues to battle fluctuating price movement, a Bitcoin (BTC) Whale has dumped $1.2 million worth of it to move to a much
-
- Rollblock (RBLK) emerges as a strong contender to dethrone Dogecoin and Shiba Inu as the top meme coin
- Oct 14, 2024 at 10:20 pm
- Today's crypto market has Dogecoin and Shiba Inu as meme coin kings due to hype and community backing. But experts warn that these popular tokens could soon lose their top spot to Rollblock (RBLK).
-
- After Signing a Malicious Transaction Associated With a Phishing Attack, a Cryptocurrency Trader Has Lost Over $1.28 Million in Various Digital Assets
- Oct 14, 2024 at 10:20 pm
- On Oct. 14, blockchain security firm PeckShieldAlert reported that a trader lost significant amounts of PEPE, APU, and MSTR tokens after being tricked