Neiro On ETH price has surged 124% in the last 24 hours, reaching $0.06147, with a trading volume increase of 129% to $63 million.
Bullish Trend Reversal for Neiro On ETH
Since August 25, Neiro On ETH price has been in a downward trend, falling within a descending channel. However, bulls found strong support around $0.020, enabling the price to break past the upper boundary of the channel. Neiro On ETH is now trading above the 50-day Simple Moving Average (SMA), with the 200-day SMA acting as the next resistance level. The Relative Strength Index (RSI) is soaring toward the overbought region (70), currently at 59, indicating active buying. The MACD is also moving toward the neutral line, with the blue MACD line crossing above the orange signal line, indicating a bullish crossover.
Success of Pepe Unchained
Traders are pivoting to a new PEPE 2.0 project called Pepe Unchained (PEPU), one of the most successful presales of the year. In just three days, the presale for Pepe Unchained raised an additional $500,000, bringing the total funding to $12 million. PEPU is building its own Ethereum Layer 2 blockchain, which provides faster and cheaper transactions.
NEIRO Price Forecast
According to major indicators, NEIRO price is in a bullish trend reversal. If the rally continues, Neiro On ETH could reach the next resistance zone at $0.145. If bears take control, the price could fall back to the $0.0471 support level.
If the current trend continues, Neiro On ETH could reach new heights, surpassing resistance zones. However, if market sentiments shift, the price may fall back to the support level.
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