With a bullish trend and rising hype, is First NEIRO on Ethereum ready to prolong the uptrend for a new all-time high?
With a market cap of $368 million, the “First NEIRO on Ethereum” token increased 138% in the past 24 hours. Supporting the massive bull run, the trading volume over the past 24 hours has surged by 113%.
As trading volume hits the $833 million mark, the meme coin becomes the tenth biggest cryptocurrency based on trading volume in the market for today.
With a circulating supply of almost 420 billion NEIRO Ethereum, the meme coin has reached 99.79% of its total supply. Further, with a volume-to-market cap ratio of 231.20%, the meme coin is highly liquid despite being a new token in the market.
First NEIRO on Ethereum Eyes $0.0010
In the daily price action chart from Coinmarketcap, the first NEIRO on Ethereum token shows a triple white soldier pattern over the past three days. Starting the bull run on September 16, the meme coin increased by 808%, followed by a 91% surge on September 17.
Currently, the meme coin is trading at $0.0008666, having surged 25% intraday from its opening price of $0.0006893. Notably, between September 12 and now, the meme coin boasts over 1,711% gain.
However, over the 4-hour chart on Binance, the first NEIRO on Ethereum shows a divergence between the bullish price trend and a declining volume trend. This reflects the possibility of a declining bullish pressure, which may lead to a minor pullback.
Based on the price action levels over the 4-hour chart, the meme coin can find support at $0.00070, $0.00041, and the $0.00050 psychological mark. Optimistically, an uptrend continuation could reach the $0.0010 milestone.
Rising Support For NEIRO
Hopping on the NEIRO trend, an early Shiba Inu investor has swapped 1,003 ETH tokens worth $2.3 million for 2.86 billion NEIRO tokens. Despite the recent surge of more than 15%, the whale shows confidence to hold the meme coin.
Out of three recent trades, the whale experienced two losses, one on NEIROETH and the second on SHIB. However, the whale is now sitting on a $715,000 profit.
Further, supporting this bullish trend, Tron founder Justin Sun admires the meme coin rally amid a 650% surge following Binance’s listing.
Disclaimer: 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’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
