The First Neiro on Ethereum Has Reached a New All-Time High (ATH) of $0.0025. Will This Meme Coin Continue Its Bullish Trend This Month?

With a 54% surge in the last 7 days, NEIRO is inching closer to a billion-dollar market cap. On the daily chart, the recovery rally has resulted in four consecutive bullish candles, driving the price to nearly a 100% increase.

.0025. Will This Meme Coin Continue Its Bullish Trend This Month?" >

The First Neiro on Ethereum (NEIRO) has witnessed a remarkable surge in the last 24 hours, setting a new all-time high (ATH) of $0.0025. This meme coin has experienced a rapid trend reversal, attracting attention and sparking speculation about its future price movements.

With a 54% surge in the last 7 days, NEIRO is inching closer to a billion-dollar market cap. On the daily chart, the recovery rally has resulted in four consecutive bullish candles, driving the price to nearly a 100% increase.

As the bullish momentum builds, the broader market is watching closely to see if the meme coin will continue its bullish trend this month. With the token now trading at $0.0023, the likelihood of reaching the $0.0030 mark increases. Will this bull run continue? Let's explore.

NEIRO Price Analysis: 4-Hour Chart

In the 4-hour chart, we can observe a double bottom reversal in the NEIRO token, which has led to a breakout from the overhead resistance line of a falling-channel pattern. This bullish recovery with the breakout rally accounts for an 85% surge from $0.001266 (the double bottom's baseline) to the current market price.

The breakout has exceeded the previous ATH at $0.0021 and is now challenging the 1.272 Fibonacci extension level. At press time, NEIRO is trading at $0.002336, with a 24-hour surge of 12.31%.

Moreover, the token has registered a new all-time high of $0.0025 during the last 24 hours.

The surge in buying pressure has triggered bullish crossovers in the exponential moving averages (EMAs). Following the golden crossover and the recent 50-100-day bullish crossover, all key moving averages are aligned bullishly.

However, we can also observe a lack of momentum to exceed the $1.272 Fibonacci level at $0.00249, which is evident in the bearish crossover in the MACD indicator.

Considering the Fibonacci levels and the lack of momentum, we could see a temporary sideways trend on the 4-hour chart. This may lead to a retest of the $0.002160 level or the 100% Fibonacci level. Following a retest and subsequent reversal, the bull run is likely to continue, especially if the broader crypto market remains bullish.

The next price targets for the First Neiro on Ethereum are $0.00249 and the $0.0030 psychological mark. Additionally, on a longer-term horizon, the 1.618 Fibonacci level at $0.0051 is a potential target.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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