Here’s the technical analysis report for $NEIRO /USDT based on the provided chart:
$NEIRO is currently trading at 0.00080290 USDT, experiencing a significant drop of -12.78% over the past 24 hours. The price has seen a high of 0.00094700 USDT and a low of 0.00076635 USDT during this period. After reaching the high of 0.00088800 USDT, the price faced strong selling pressure, causing it to drop towards the lower support level.
The key support zone is currently around 0.00078420 USDT, which was briefly tested before a slight recovery. A sustained drop below this level could lead to further declines, possibly testing the lower range of 0.00077000 USDT. On the upside, if the price manages to break above the current resistance near 0.00085513 USDT, it could aim for a retest of the 0.00088800 USDT high.
Overall, the market for $NEIRO is facing significant downward pressure, but there is potential for recovery if the support holds at 0.00078420 USDT. Traders should watch for any breakouts above the resistance levels, which could indicate a reversal in the current trend. However, a breakdown below support may lead to further bearish momentum.
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