Story Highlights
NEIRO’s largest holder made a big move as he purchased over 1.466 billion of $NEIRO
tokens worth $1.8 million.
Following the breakout of the flag and pole pattern there is a strong possibility that NEIRO could jump another 50%.
NEIRO’s long/short ratio currently stands at 1.11, indicating a bullish market sentiment among #traders .
Amid the ongoing price reversal across the cryptocurrency market, whales shifted their focus to the First Neiro On Ethereum (NEIRO). On October 7, 2024, blockchain transactions tracker Spotonchain made a post on X (previously Twitter) highlighting that NEIRO’s largest holder made a big move as he purchased over 1.466 billion of NEIRO #tokens worth $1.8 million.
NEIRO Whale Recent Activity
To accumulate this significant NEIRO, the whale has swapped over 190 billion of $PEPE
). It appears that the whale has made a notable profit by trading this newly listed meme token.
Source: X (Previously Twitter)
According to the data, between August 15, and September 26, 2024, this whale has traded NEIRO token three times and made a profit of over $825,000 with a win rate of 66.7%. However, with the recent purchase, the whale is currently making over $334,000, as NEIRO has soared significantly.
Current Price Momentum
At press time, NEIRO is trading near $0.001516 and has experienced a notable price surge of over 50% in the past 24 hours. During the same period, trader and investor participation has been steadily increasing with trading volume jumping by 405%, indicating positive sentiment among crypto enthusiasts.
NEIRO #TechnicalAnalysis and Upcoming Level
According to expert technical analysis, NEIRO appears super bullish and is poised for another major rally in the coming days. It recently broke out of a bullish flag and pole price action pattern and soared more than 65% in the past two days.
Source: #tradingview
Based on data and historical price momentum, there is a strong possibility that NEIRO could jump another 50% to reach the $0.00233 level in the coming days.
Bullish On-Chain Metrics
This bullish outlook is further supported by on-chain metrics. According to the on-chain analytics firm Coinglass, NEIRO’s long/short ratio currently stands at 1.11, indicating a bullish market sentiment among traders.
Source: Coinglass
Additionally, NEIRO’s future open interest has skyrocketed by 135% in the past 24 hours, signaling growing interest from traders and hinting at the formation of notable long positions during this period. Currently, 52.62% of top traders hold long positions, while 47.38% hold short positions.
Combining all these technical analyses and positive on-chain metrics, it appears that bulls are currently dominating the asset, which could lead to a further price surge in the coming days.
