With the crypto market's volatility, memecoins have dropped below a market cap of $50 billion. However, NEIRO on Ethereum is showing robust growth.

Current State of Memecoins

The meme coin segment has lost the $50 billion market cap. With a 30-day peak at $53.25 billion, they have dropped to $48.47 billion with a volume of $7.38 billion.

NEIRO's Growth on Ethereum

The first NEIRO on Ethereum token has jumped 18.11% in the past 24 hours, surging almost 50% over the past seven days due to its listing on the biggest crypto exchange, Binance. Currently, the meme coin is trading at $0.0017, marking an intraday gain of 3.79%. The 4-hour chart shows a continuation of the bullish trend as the breakout rally tests the 0.0018% resistance level.

Forecast and Future Prospects for NEIRO

Using the trend-based Fibonacci level, the bull run hits the 100% Fibonacci level, taking support from the 78.60% level at $0.001572. Further potential targets are at the 1.618 and 2.618 levels at $0.002393 and $0.003379. Key support levels for the meme coin are at $0.001572 and $0.001290.

While memecoins show a general downturn, NEIRO on Ethereum continues its positive momentum, opening up opportunities for further growth.