NEIRO Bulls Flex Muscles but Key Resistance Could Flip the Script
NEIRO (NEIROUSDT) is showing signs of renewed bullish strength on the 1-day chart after staging a sharp recovery from recent lows.
Following a dip that tested near $0.000446, the token has bounced back and is now trading near its short-term exponential moving averages, signaling growing buyer interest. The structure suggests momentum is shifting, but resistance levels overhead could make or break the rally.
NEIRO Technical Indicators Show Bullish Strength Emerging
The exponential moving averages (EMAs) are starting to align in favor of NEIRO buyers. The 9-day EMA has curved upward and is now rising above the 20-day EMA, reflecting short-term bullish pressure overtaking longer-term averages. This crossover often acts as a confirmation of upward momentum, especially when supported by strong closing candles as seen in the recent sessions.
Daily chart for NEIRO/USD (Source: GeckoTerminal)
Adding to the optimistic tone for NEIRO, the MACD histogram continues to show positive values, meaning the MACD line remains above the signal line. This trend suggests bullish momentum is intact for NEIRO, even if the pace of acceleration is modest. Traders should view this as a signal that the bulls are in control for now, though overextension could lead to brief pullbacks.
The Relative Strength Index (RSI), while cooling off slightly from its recent high near the overbought zone, remains elevated. It shows that buying interest is still dominant but NEIRO traders should be cautious of a potential reversal if RSI crosses too deeply into overbought territory again. The current RSI level suggests momentum is bullish but not yet overheated.
Key Levels to Watch
The immediate resistance for NEIRO sits around $0.00061047. This level has acted as a local ceiling and will likely serve as a pivotal zone for the token’s next major move. A breakout above this level could open the door toward more ambitious targets at $0.00086592 and eventually $0.00107492, particularly if volume accompanies the move.
On the downside, NEIRO has shown resilience around the $0.00044467 area, which now acts as primary support. A failure to hold above this level could trigger a deeper retracement toward $0.00032601 or even as low as $0.00032134, where the token found strong footing in prior sell-offs. These levels may offer long trade opportunities if bullish signals re-emerge during any pullbacks.
Potential Trade Setups
For long entries, conservative traders may wait for a confirmed daily candle close above $0.00061047 to avoid buying into resistance. A strong move past this level with volume could justify targeting the $0.00086 range with a stop just below the breakout point.
For short trades, bears may consider fading rallies if NEIRO shows rejection candles or bearish divergence near resistance, particularly if the RSI enters overbought territory again. However, given the current bullish indicators, short positions should be approached cautiously unless bearish confirmation develops.
Swing traders might also monitor pullbacks to the $0.00044 area for potential bounce setups, especially if MACD remains bullish and the 20 EMA continues to rise.
Conclusion
NEIRO is currently trending with positive momentum and is benefiting from improving market structure and bullish indicator alignment. However, the upcoming test of the $0.00061047 resistance will be crucial. A clean breakout could drive a sustained rally, while rejection here may result in a retracement back toward lower support zones. Traders should monitor volume, RSI behavior, and price action near key levels to assess risk and opportunity.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Ecoinimist is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
