NEIRO/USDT price has fallen -4.59% in the last 24 hours and is currently at 0.00165726 USDT. It looks like the market is bearish in the short term, but the chart may be hiding some interesting facts that hint at a possible recovery.

Key points:

• The current price is heading towards a local minimum at 0.00160910 USDT.

• The moving averages (MA 7 and 25) indicate a downtrend, but the price approaching MA 99 may signal a potential support zone.

💡 Analysis and forecast:

The 24-hour trading volume is 147.27 million USDT, indicating good liquidity, but bearish sentiment still prevails. If the price breaks through the 0.00160910 level, we can expect further decline. However, if the current level is maintained, there is a possibility of a small rebound to 0.00180576 (MA 25 level).

🧐 Trader's opinion:

At the moment, I would prefer to take a wait-and-see approach. If the price consolidates at 0.00160910, this will be a strong buy signal with targets around 0.0018 USDT. If this level is broken downwards, it may be worth preparing for a further decline to 0.0015 USDT.

📊 If I were trading now, I would wait for confirmation of a reversal and enter a long position only after I saw stability in the current price area.

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