While First Neiro on Ethereum shares its ticker with Neiro Ethereum, the former took the spotlight following its launch in September. In less than two weeks, #NEIRO charted a 4,313% rise to an all-time high of $0.00137.
Despite a slight correction since then, NEIRO looks primed to continue its uptrend and potentially establish a new ATH in October. Given that the next major price point is $0.00250, the meme coin will likely end up forming a high price around this level.
However, a failure to breach the current ATH could lead to a drop below the support of $0.00103. This would invalidate the bullish outlook and send NEIRO to $0.00076 or lower.
Among the top meme coins, $1MBABYDOGE stood out for the 131% rally it noted over the past month. Currently changing hands at $0.000000002241, the meme coin is looking to breach two key barriers at $0.000000002320 and $0.000000002571.
These resistances have held BabyDoge back since April this year, and a rise could send the crypto asset on track to hit $0.000000003800. This level forms the current all-time high for the meme coin, and the upcoming “Uptober” could catalyze a rise to it.
On the other hand, if history repeats itself, BabyDoge will end up losing its bullish momentum. Consequently, the meme coin would end up falling back down to $0.000000001968, invalidating the bullish thesis.
The second biggest meme coin is seemingly preparing for a breakout from the three-and-a-half-month-old barrier. Shiba Inu’s price is currently testing the local resistance at $0.00001961.
If breached, #SHIB would be facing $0.00002093, a level that has acted as crucial support and resistance in the past. While the range beyond $0.00002093 to $0.00002976 presents consolidation for the meme coin, SHIB could gradually build the momentum necessary to escape it.
But a failed breach at either of the aforementioned two resistances could dissipate the bullishness. This would pull SHIB back to $0.00001699, losing, which will result in a drop to $0.00001462.
