First Neiro On Ethereum (NEIRO) has reached a new peak at $0.002496, continuing its strong upward momentum with a 24-hour gain exceeding 22.5%. During Friday’s Asian trading hours, Bitcoin (BTC) held around $76K after reaching a record high of $76,943. Major altcoins like Ethereum (ETH), Solana (SOL), Cardano (ADA), and Chainlink (LINK) also saw gains, as the overall Market Fear & Greed Index reached a “greed” score of 72, according to CMC data.
In this bullish environment, the relatively new memecoin NEIRO captured attention, posting a 22.5% daily gain and reaching its all-time high of $0.002496, surpassing its previous high set a day prior on November 7.
Currently, NEIRO trades at $0.002365 with a market cap of $994 million after briefly dipping to $0.002046 earlier in the day. Operating on the Ethereum blockchain, NEIRO has gained traction for its community-driven approach, featuring no transaction taxes or team-held tokens, which has drawn comparisons to other popular tokens like Dogecoin (DOGE).
While NEIRO has surged, other memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) posted more moderate gains of 1% to 3%.
NEIRO’s 24-Hour Technical Analysis:
Examining NEIRO’s technical indicators shows a consistent upward trajectory, with the 9-day moving average crossing above the 21-day moving average—a bullish indicator. Additionally, the Chaikin Money Flow (CMF) at 0.27 suggests strong buying pressure, indicating substantial capital flow into the asset.
However, NEIRO’s RSI of 80 signals it may be overbought, potentially leading to a price correction. In the event of a pullback, initial support could be found at $0.001636, possibly dropping further to $0.001239. If the bullish trend persists, NEIRO may challenge its recent peak, targeting a new all-time high above $0.0025.
