As of October 11th, 2024, NEIRO/USDT has seen a massive upward movement, climbing +36.07% to $0.00214321. This signals a strong bullish momentum, confirmed by various technical indicators. Letโs dive into the key targets and metrics to watch.
Key Targets ๐ฏ:
1. Short-Term Target: $0.00220000
Resistance Level: This is the 24h High, and breaking this level with strong volume could push NEIRO to a new high. Watch for consolidation around this point before another potential breakout.
2. Mid-Term Target: $0.00250000
Psychological Barrier: Approaching this level could bring significant resistance, but continued momentum and favorable indicators (such as RSI remaining above 50) suggest that reaching this mid-term target is possible. Traders should watch the SAR (0.02, 0.2) which is at 0.00208501โindicating that the bullish trend is still intact.
3. Long-Term Target: $0.00300000
Potential All-Time High: If NEIRO maintains this momentum, the price could reach the $0.0030 range. This target would mark an over 100% increase from its current level, supported by strong MACD divergence and volume spikes.
Technical Indicators Supporting the Trend:
EMA & MA: The exponential and moving averages are trending upward, showing strong market momentum.
BOLL (Bollinger Bands): With price testing the upper band, we could expect a further breakout or a slight pullback before continuation.
MACD: The divergence supports bullish sentiment, signaling more upside potential.
RSI (Relative Strength Index): NEIRO is approaching overbought levels but has not crossed into extreme territory yet, leaving room for further gains.
Volume: With a 24h volume of 269.35B NEIRO and 511.70M USDT, the liquidity is sufficient for continued price action in either direction.
Overall Sentiment:
Bullish ๐ โ NEIRO is showing solid strength with increasing volume and positive sentiment. Monitor the $0.00220000 resistance for a potential breakout.
Stay tuned for updates as we watch NEIRO closely on Binance!
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