Neiro Coin Blows Up 4,608%—Can It Sustain The Momentum?

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Neiro Coin Blows Up 4,608%—Can It Sustain The Momentum? - NewsBTC

Quick Summary:

Retracement Strikes Critical Support Neiro’s recent drop in price coincided with a daily bullish order block, causing the price to fall to a critical support level—the 23% Fibonacci retracement area—at the time of publication.

Price forecast from CoinCodex still calls for further increases in the future for the cryptocurrency, foreseen to reach 219%, getting up to a price of $0.019284 by November 2024, as traders start wondering if this is only the beginning of a much more massive drop.

Source: Coingecko Related Reading: Dogecoin Revival: Active Addresses Skyrocket To Highest Level In 8 Months Despite this dramatic rally, the coin has slowed down its momentum, losing 15% from its peak of $0.0022.