Neiro Ethereum price surged 553% in a week, despite a 6% drop in the last 24 hours. The current price is $0.1748 with a trading volume of $85.7 million.
Neiro Ethereum Price Surge
The Neiro Ethereum price was in a continued downtrend from August 26 to September 4, dropping from the $0.16 resistance to the $0.02 support level. The support allowed the bulls to push the token through a markup phase back to resistance, forming a rounding bottom.
NEIROUSD Chart Analysis
According to the NEIROUSD 4-hour chart analysis, the bulls are capitalizing on the rounding bottom to push the price of Neiro Ethereum above the resistance. The token now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the bullish stance. Moreover, the 50-day SMA seems to be moving towards the 200-day SMA, potentially forming a golden cross in the coming days, supporting the continuation of the bullish rally.
Mega Dice Project Outlook
The Mega Dice project has raised over $1.82 million, attracting attention from large investors with a recent $20k purchase. According to 99Bitcoins, $DICE has the potential to surge 100X after its launch. Token holders also get to share in the casino's profits daily through a unique staking system.
If the bullish momentum continues, Neiro Ethereum's price could rise even higher, targeting $0.30. However, if selling continues, the price could drop to the 200-day SMA support level of $0.1136.
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