As the crypto market remains volatile, the meme coin segment has lost the $50 billion market cap. With a 30-day peak at $53.25 billion, the meme coins have dropped down to $48.47 billion, with $7.38 billion in volume.
While the majority of the meme coins remain bearish, the First Neiro on Ethereum reflects a bullish trend in motion. Will NEIRO continue the bull run for a new all-time high in the week ahead?
NEIRO on ETH Price Performance
With an 18.11% jump in the past 24 hours, the first Neiro on Ethereum token has surged by almost 50% in the past seven days. The bullish rally in the meme coin comes with its listing over the biggest crypto exchange, Binance.
Currently, the meme coin is trading at $0.0017, with an intraday gain of 3.79%. This marks the third consecutive daily bullish candle, creating a triple-white-soldier pattern. The bullish candlestick pattern accounts for a 76% surge.
In the 4-hour chart, the first Neiro on Ethereum reveals a bullish trend continuation with a bullish pennant and a falling channel breakout. Currently, the falling channel breakout rally tests the 0.0018% resistance level, teasing a potential sideways shift.
Technical Indicators:
MACD Indicator: The MACD indicator shows the average lines maintaining a positive alignment with a surge in bullish histograms.
EMA: The 50 and 200 EMA in the 4-hour chart maintain a positive trend, revealing a surge in bullish momentum.
Will NEIRO Price Hit $0.0030?
Using the trend-based Fibonacci level, the bull run hits the 100% Fibonacci level and is taking support from the 78.60% level at $0.001572. Further, the trend-based Fibonacci level paints the next potential targets at 1.618 and 2.618 levels at $0.002393 and $0.003379.
On the flip side, the crucial supports for the meme coin are present at $0.001572 and $0.001290.
Wondering if Shiba Inu can lead the bull run in meme coins? Find out now in Coinpedia’s SHIB price prediction for 2024-2030.
