NEIRO/USDT Price Action Around Key Support Levels
$NEIRO: 0.00184073 (-1.19%)
NEIROUSDT (Perp): 0.0018439 (-1.06%)
Moving Average (MA 200):
The price is currently around $0.00191289, above the 200 SMA at $0.00173253, indicating a long-term bullish sentiment despite recent consolidation. A break above key resistance may signal further upside, while a drop below the 200 SMA could confirm a bearish trend.
VWAP:
VWAP stands at $0.00187910, slightly below the current price, reflecting short-term bullish momentum. Staying above VWAP may maintain upward pressure.
RSI:
With an RSI of 46.58, market conditions are neutral. However, a dip below 40 may indicate increasing bearish pressure.
MACD:
Bearish divergence is evident with the MACD line at -0.00001741 and the signal line at -0.00001286, suggesting waning bullish momentum. Caution is advised for potential further downside.
Bullish Scenario:
A break above $0.00192 could push the price toward $0.0020. A bullish MACD crossover and RSI rising above 50 would support this outlook.
Bearish Scenario:
Failure to hold support at $0.00190 and a drop below the 200 SMA ($0.00173253) could lead to a decline toward $0.00165. A falling RSI below 40 and widening MACD divergence would confirm further downside.
Disclaimer:
This analysis is for informational purposes only. Please conduct your own research and consult a financial advisor before making investment decisions.
â New traders, join me for daily updates and more trading advice!
