In the cryptocurrency market today, Neiro Ethereum (NEIRO) has made headlines with an impressive surge of over 50% in just 24 hours, signaling a solid recovery for this popular memecoin.

Large Buying's:

The primary catalyst behind this rally is significant buying activity from large institutions and whales. According to a fresh report from Spotonchain, several notable purchases have been made in the last 3 days leading up to this price jump:

1.GSR Markets accumulated 15 million NEIRO tokens for approximately $939,000, which has now risen in value to $1.17 million just three days ago.

2.bwecapital.eth (@Vida_BWE) withdrew 4.065 million NEIRO ($298,000) from Bybit just nine hours ago.

3.A new whale, identified as 0xa1d, exchanged 158.44 ETH (worth about $375,000) for 5.15 million NEIRO tokens just ten hours ago.

4.Another whale, 0x00d, swapped $309,000 worth of ETH and “First Neiro on Ethereum” for 5.114 million NEIRO tokens approximately 20 hours ago.

These large-scale purchases have certainly fueled the rise in NEIRO's price.

What’s Ahead for NEIRO?

At the time of writing, NEIRO is trading at $0.084. It has rallied significantly since finding support at a symmetrical triangle pattern trendline around $0.055.

As momentum builds, NEIRO could target its next resistance level of $0.096, representing an 11% upside from the current price. However, traders should be aware that a slight correction may occur as profit-taking kicks in.

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