Could the prospect of purchasing NEIRO still be profitable, given its 37% price surge? This cryptocurrency might be the next to experience an explosive growth.
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Wow, the Telegram-loving meme coin Neiro (NEIRO) just saw its price skyrocket an impressive 37% in the last 24 hours, reaching a whopping $0.0005914 as of 9:33 p.m. EST! Traders are going all-in on this crypto, riding on its positive weekly streak that has the altcoin up more than 178% for the 7-day stretch. 📈
Looks like the Neiro train just busted through a major resistance level at $0.0005227 during the past 24 hours, according to GeckoTerminal data. If the coin manages to close the daily candle above this mark, it might have the strength to try flipping the next barrier at $0.0007458 into a support zone. But if the Neiro price falls below $0.0005227 in the coming 24 hours, brace yourself for a potentially bearish market scenario in the upcoming days. Traders might start cashing out, which could push NEIRO prices down to as low as the supportive level at $0.0003163. 🤔
Apart from the technical side, indicators on the daily chart such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) point towards the possibility of the Neiro price continually gaining altitude during the next 24 hours. The MACD line lies above the MACD Signal line, generally seen as bullish, indicating a positive trend for the crypto. Plus, the widening gap between the two MACD lines suggests there's growing bullish momentum. And the RSI is well above the neutral 50 mark in the low 80s, which suggests the buyers are in control. However, this high reading could indicate an overextended market situation, possibly causing a pullback soon 🚫
Meanwhile, investors also can't get enough of the presale for the Bitcoin-branded meme coin, BTC Bull Token (BTCBULL)! 99Bitcoins, a popular YouTube channel with over 725K subscribers, forecasts that BTCBULL could skyrocket as much as 10X after its launch.
BTC Bull Token is based on the theory that BTC (Bitcoin) will break the $1 million barrier and could soar even higher. As BTC achieves new heights, BTCBULL will reward investors with Bitcoin airdrops and BTCBULL token burns at specific milestones. Every time Bitcoin hits $150K for the first time, there'll be an airdrop to BTCBULL holders. Afterward, additional airdrops will be triggered at every $50K milestone achieved by BTC. Plus, the first BTCBULL token burn will occur when Bitcoin reaches $125K, with subsequent burns happening every time BTC experiences a $25K increase.
With Bitcoin back above the $100K mark, BTCBULL offers for investors a more affordable way to boost their Bitcoin stash without having to buy BTC directly. As Bitcoin fights to surpass $125K, activating the first BTCBULL token burn, and moving the $150K Bitcoin airdrop milestone closer, the shrinking BTCBULL supply could attract strong investor demand for the meme coin. This might result in a positive supply-demand equilibrium, potentially triggering the BTCBULL rally as predicted by 99Bitcoins!
Investors might find the rising Neiro (NEIRO) price an attractive opportunity for further investing in the cryptocurrency market, considering its impressive 37% increase in the past 24 hours and a weekly growth of more than 178%. Additionally, the bullish trend indicated by technical indicators like the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) could continue, making technology-based finance an exciting area for potential returns.
