1. First Neiro Price Forms a Bullish Channel
2. Technicals Suggest Possible Correction for NEIRO
3. PEPE Set To Leap Into a New Era of Scalability and Utility

In the last 24 hours, the price of First Neiro on Ethereum (NEIRO) surged by 886%, reaching $0.0003615 as of 11:38 p.m. EST. This rise followed the listing of the meme coin on Binance, the world's largest cryptocurrency exchange.

First Neiro Price Forms a Bullish Channel

The First Neiro on Ethereum price blasted out of the medium-term consolidation channel between $0.0000271 and $0.0001072 over the past 24 hours. It then flipped the resistance level at $0.0002343 into support, and is now attempting to do the same with the $0.0003473 mark. In the last couple of hours, NEIRO has printed higher highs and higher lows on the 4-hour chart, resulting in the formation of an ascending channel. Should the meme coin continue to trade within this positive channel for the next 24 hours, it might attempt a challenge at the $0.0004462 barrier in the short term. However, the First Neiro on Ethereum price dropping out of the bullish channel could expose the altcoin to the risk of falling below the $0.0003473 level and potentially plunging to as low as $0.0002343 in the following few days.

Technicals Suggest Possible Correction for NEIRO

From a technical standpoint, indicators on NEIRO’s 4-hour chart suggest the meme coin is losing some of its bullish momentum. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) show signs of dwindling interest from buyers. Throughout the last few hours, the MACD line has started to cave in towards the MACD Signal line. Although the current orientation of the two lines is still bullish, the narrowing gap warns that NEIRO’s positive trend might be approaching its end. Meanwhile, RSI readings have dropped from the mid 90s to the mid 80s in the last couple of hours. This suggests that sellers are slowly starting to gain strength against buyers. The high RSI readings could also be seen as a sell signal by traders because they indicate that NEIRO’s downside potential is greater than its upside potential.

PEPE Set To Leap Into a New Era of Scalability and Utility

Pepe Unchained (PEPU) is a new meme coin project looking to make its mark in the flourishing lighthearted sector of the crypto market. In an effort to stand out in the crowded space, the project aims to introduce a supercharged version of the beloved PEPE meme coin. PEPE has already managed to climb the crypto ranks to become one of the largest meme coins by market cap. However, it will take something special for the frog-themed token to rise even higher in the market. Pepe Unchained, through its dedicated layer-2 chain, could be the catalyst that launches PEPE to new heights. Not only will Pepe Unchained give PEPE lovers transaction speeds that are 100 times greater than any meme coin deployed on Ethereum, it will also slash network fees. This will allow investors to send and receive crypto at almost no cost. This fast and low cost transactional experience will be achieved with the launch of PEPU. Investors will also be able to seamlessly bridge their assets between the Pepe Unchained and Ethereum blockchains. This gives token holders access to the dual benefit of Ethereum’s robust security framework and Pepe Unchained’s lightning-quick speeds.

The sharp increase in the First Neiro on Ethereum price is attributed to its listing on Binance. Despite the current positive trend, technical indicators suggest a potential decrease in buyer interest and a possible correction. Simultaneously, the new project Pepe Unchained aims to enhance utility and improve transaction characteristics for its meme coin PEPE.