Neiro on ETH price soared 18% in the last 24 hours to trade at $0.1597 as of 03:18 a.m. EST even as trading volume crashed 58% to $32 million.
Neiro on ETH Price Analysis
The Neiro on ETH price is exhibiting a strong bullish trend, following a breakout from a rounding bottom pattern at $0.1696. The price is currently trading above both the 50-day and 200-day Simple Moving Averages (SMAs), signaling robust upward momentum. The Relative Strength Index (RSI) stands at 64, comfortably above the 50-midline, further confirming the asset’s bullish position.
Neiro Market Breakout
Chart analysis from GeckoTerminal suggests that Neiro on ETH price could climb to its next resistance level at $0.20. However, the Moving Average Convergence Divergence (MACD) is approaching the neutral line as it declines, indicating waning momentum. If this downtrend continues, Neiro's price may fall towards its support level at $0.1427, which aligns with the 200-day SMA.
Shiba Shootout Game Attracts Investor Attention
Meanwhile, investors are pivoting to the new play-to-earn game Shiba Shootout (SHIBASHOOT), which has already amassed over $1 million in presale. Shiba Shootout creates a Wild West-inspired environment that breaks through traditional crypto boundaries, offering an adventurous experience that blends creativity, strategy, and the excitement of cowboy duels. Users can explore the crypto world as Shiba cowboys, engaging in thrilling high-stakes battles with plenty of opportunities for fun and rewards. The project’s main feature, a play-to-earn (P2E) mobile game, takes players to Shiba Gulch, a vibrant battleground where they can earn $SHIBASHOOT tokens after high-stakes duels. The mobile game has already amassed over 1,000 downloads on the Google Play Store, and a Web3 app will soon launch. Apart from P2E crypto gaming in Shiba Gulch, $SHIBASHOOT holders can earn passively through the platform’s staking mechanism, offering 860% in annual rewards. Moreover, the developing ecosystem features Posse Rewards, where users can invite friends to join the community, and both parties can earn bonus Shiba Shootout tokens for each new signup.
In summary, the Neiro on ETH price shows strong bullish momentum, despite a decline in trading volume. Investors are also shifting their focus to new gaming projects like Shiba Shootout, which offer unique earning opportunities and active participation.
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