Neiro Ethereum Price Prediction: NEIRO Plummets 18% As This 2.0 PEPE Zooms Past $9 Million

The
Neiro
Ethereum
price
has
plunged
18%
in
the
last
24
hours

to
trade
at
$0.2041
as
of
7:15
a.m.
EST
on
a
34%
drop
in
trading
volume
to
$34
million.

Neiro
Ethereum
Price
Analysis:
Bulls
Continue
Staging
A
Strong
Support
Zone

The NEIRO
price
is
still
trading
sideways
within
a
bullish
channel
as
the
bulls
continue
to
stage
a
strong
support
zone.
Bears
are
still
determined
to
push
the
price
below
the
support
zone
at
$0.1285.
However,
this
support
level
has
proven
resilient,
allowing
buyers
to
regroup
and
push
the
crypto’s
price.
If
the
bullish
momentum
picks
up
well,
it
could
help
the
bulls
drive
the
price
above
the
channel,
triggering
a
new
bull
rally
that
could
catapult
NEIRO
higher.

NEIROUSD
Analysis.
Source:

Dextools.io

The
Neiro
Ethereum
price
also
faces
resistance
at
the
50
Simple
Moving
Average
(SMA)
on
the
4-hour
chart,
coinciding
with
the
bearish
trendline
within
the
bullish
channel.
However,
it
is
relatively
above
the
200
SMA,
giving
the
bulls
a
chance
to
drive
the
price
up
above
the
50
SMA.
This
indicates
a
positive
sentiment
and
diminishing
selling
pressure
for
the
Neiro
price.

Additionally,
the
Relative
Strength
Index
(RSI)
is
consolidating
with
signs
of
a
breakout
above
the
50
midline
level.
It
is
currently
at
44
after
correcting
slightly
from
the
50
midline
level.
If
the
pressure
continues,
it
might
fall
to
the
30
oversold
level.
However,
there
is
a
possibility
of
a
rebound
that
could
push
the
RSI
to
the
overbought
region
of
70.

Meanwhile,
the
MACD
indicator,
although
still
trading
along
the
neutral
level,
is
also
rising,
supporting
the
bullish
sentiment
for Neiro
Ethereum.
The
increasing
bullish
bars
and
a
recent
crossover
above
the
signal
line
have
boosted
bull
traders’
confidence.
This
means
there’s
a
high
chance
it
could
continue
the
uptrend,
favouring
the
buyers
and
shifting
momentum
back
to
bullish.

Neiro
Ethereum
Price
Prediction-
Can
The
Bulls
Overcome
The
Current
Resistance?

The
bulls
are
at
a
significant
decision
point
near
the
50
SMA.
A
breakout
above
this
level
could
push
the
price
beyond
the
bullish
channel,
sparking
a
new
rally
that
might
lead
to
a
new
all-time
high
of
$0.4568
in
the
coming
weeks.

With
backing
from
technical
indicators
and
moving
averages,
the
Neiro
Ethereum
price
could
also
reclaim
its
previous
all-time
high
of
$0.2933.

However,
if
the
bears
gain
control
in
a
converse
case,
the
price
could
drop
to
the
support
level
of
$0.1550.

Best
Promising
Alternative
To
Buy
Now?

As
traders
anticipate
a
possible
bull
rally
in
the
Neiro
Ethereum
price,
more
investors
are
buying
into
a
new
meme
coin
called

Pepe
Unchained
(PEPU),
which
has
just
zoomed
past
$9
million
in
early
funding.

An
analyst
from
99Bitcoins,
a
prominent
crypto
channel
on
YouTube
with
over
706K
subscribers,
says
PEPU
is
one
of
the
best
cryptos
to
buy
now
with
100X
potential.

PEPU
is
set
to
liberate
PEPE
from
the
outdated
and
sluggish
layer-1
Ethereum
blockchain
by
operating
on
its
layer-2
network.
It
aims
to
replicate
the
success
of
its
predecessor,
PEPE,
which
has
delivered
incredible
returns
to
early
investors
and
has
become
the
third-largest
meme
coin
by
market
capitalization.

With
its
own
blockchain,
the
project
will
tackle
the
issues
of
the
scalability,
speed,
and
efficiency
that
often
plague
meme
coins
deployed
on
the
Ethereum
mainnet.

We’ve
just
hit
$9M!
????

Pepe
Unchained
is
unstoppable,
and
it’s
all
thanks
to
you!

pic.twitter.com/jdvgHIXjuj

—
Pepe
Unchained
(@pepe_unchained)

August
16,
2024

 

Token
holders
can
also
earn
passively
through
the
platform’s
staking
system,
which
offers
an
annual
percentage
yield
(APY)
of
218%.

You
can
buy
PEPU
tokens
for
$0.0091265
each
on
the
official
website
using
ETH,
USDT,
or
a
bank
card.
However,
you
might
want
to
hurry,
because
the
price
is
set
to
increate
in
less
than
two
days.

Buy
PEPU
here
to
lock
in
the
best
deal.

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