Neiro (NEIRO) Shows Signs of Consolidation: Will Bulls Move to New Highs?
Neiro (NEIRO) is currently trading around 0.00123534, following a significant rally earlier in the week. After hitting a high of 0.00140000, the price has entered a consolidation phase, with traders watching closely to see if NEIRO breaks out of its current range or falls back. With high volume and mixed MACD signals, NEIRO could be preparing for its next big move. Let’s take a look at the chart to assess what’s going on and what could happen next.
NEIRO Chart Analysis: Testing Potential Breakout Resistance
On the 1-hour chart, NEIRO has been consolidating after a strong rally that took the price from 0.00100000 to just above 0.00140000. The price is currently trading in a tight range, signaling indecision among traders. NEIRO is currently hovering around key moving averages, which provide both support and resistance, and the next few candles could provide clarity on its direction.