Ethereum

2024

Arkham

<p>First Neiro on Ethereum, a popular meme coin that describes itself as the little sister of Dogecoin, surged by over 600% on Monday, Sept. 16.</p> 
<h2 class="wp-block-heading" id="neiro-token-goes-parabolic-after-binance-listing">NEIRO token goes parabolic after Binance listing</h2> 
<p>First Neiro on Ethereum (<a rel="" href="https://crypto.news/price/neiro/">NEIRO</a>) surged to a record high of $0.00040, up by over 1,620% from its lowest point this month, giving it a market cap of over $140 million.&nbsp;</p> 
<p>This rally occurred after the token received an indirect endorsement from Justin Sun, the billionaire creator of Tron (<a href="https://crypto.news/price/tron/" target="_blank">TRX</a>). In an <a href="https://x.com/neiroethcto/status/1835579061239751152" target="_blank" rel="nofollow">X post</a>, he said the token had “swag,” which was viewed as an endorsement.</p> 
<p>Justin Sun is one of the wealthiest individuals in the crypto industry, with Arkham Intelligence <a href="https://platform.arkhamintelligence.com/explorer/entity/justin-sun" target="_blank" rel="nofollow">estimating</a> his crypto holdings at over $994 million. He also serves as an advisor to HTX, one of the biggest crypto exchanges globally.</p> 
<p>NEIRO also jumped after Binance, the largest crypto exchange in the world, announced it would list margined Neiro perpetual contracts on Sept. 16. <a href="https://crypto.news/ckb-skyrockets-111-in-a-week-following-upbit-listing-hits-highest-level-since-june/" target="_blank">Cryptocurrencies tend to jump</a> sharply after being listed by tier-1 exchanges like Binance, Upbit, and Coinbase, though these gains are often short-lived.</p> 
<p> You might also like: <a rel="" href="https://crypto.news/nervos-networks-ckb-rockets-but-gains-could-be-limited/"> Nervos Network’s CKB rockets, but gains could be limited </a> </p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a> Futures will launch the USDⓈ-Margined <a href="https://twitter.com/search?q=%24NEIRO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$NEIRO</a> and $1MBABYDOGE Perpetual Contracts at<br><br>🗓️ September 16, 11:30 (UTC) and September 16, 11:35 2024 (UTC) respectively.<br><br>Read more ➡️ <a rel="nofollow" href="https://t.co/7MOXrDaDA2" target="_blank">https://t.co/7MOXrDaDA2</a> <a rel="nofollow" href="https://t.co/XLU2kqBg22" target="_blank">pic.twitter.com/XLU2kqBg22</a></p>— Binance Futures (@BinanceFutures) <a href="https://twitter.com/BinanceFutures/status/1835642243417530431?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 16, 2024</a>
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<p>Neiro’s surge occurred in a high-volume environment. Data from <a href="https://app.nansen.ai/token-god-mode?tokenAddress=0x812ba41e071c7b7fa4ebcfb62df5f45f6fa853ee&amp;chain=ethereum&amp;tab=transactions" target="_blank" rel="nofollow">Nansen</a><strong> </strong>shows that the 24-hour volume rose to over $202 million on Monday, significantly higher than Sunday’s $7.7 million.</p> 
<p>There are also signs that some large holders have started selling their coins. A high-volume address that turned $37,648 into over $266,300 sold over 1.18 billion tokens as the token surged.</p> 
<p>Another trader, who turned $46,900 into $245,560, also sold over 1 billion tokens. As shown below, many large holders have begun selling the coin to take profits.</p> 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="892" height="926" src="https://crypto.news/app/uploads/2024/09/Neiro-holders-sell.jpeg" alt="Neiro smart money" class="wp-image-14298085">
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  Neiro smart money traders are selling | Source: <a href="https://app.nansen.ai/token-god-mode?tokenAddress=0x812ba41e071c7b7fa4ebcfb62df5f45f6fa853ee&amp;chain=ethereum&amp;tab=transactions" target="_blank" rel="nofollow">Nansen</a>
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<h2 class="wp-block-heading" id="first-neiro-on-eth-rose-to-key-resistance">First Neiro on ETH rose to key resistance</h2> 
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 <img loading="lazy" decoding="async" width="3574" height="1982" src="https://crypto.news/app/uploads/2024/09/First-Neiro-on-ETH.png" alt="Neiro price" class="wp-image-14298084">
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  First Neiro on ETH chart | Source: <a href="https://www.tradingview.com/symbols/NEIRO1USDT/?exchange=MEXC" target="_blank" rel="nofollow">TradingView</a>
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<p>On the four-hour chart, the NEIRO token jumped and hit a crucial resistance level at $0.00399, which was its previous all-time high.&nbsp;</p> 
<p>This rebound happened after the token formed a triple-bottom chart pattern at $0.000034. A triple-bottom is one of the most popular bullish signs in the market. It then jumped above the key resistance point at $0.00010, its highest swing on Sept. 2 and the neckline of this pattern.</p> 
<p>Therefore, the path of least resistance for the Neiro token is downward as profit-taking increases. If this happens, it will likely drop and retest support at $0.00020. A move above the all-time high of $0.00040 will signal more upside.</p> 
<p> You might also like: <a rel="" href="https://crypto.news/neiro-on-eth-price-doubles-as-crypto-dump-unfolds/"> Neiro on ETH price doubles as crypto dump unfolds </a> </p>

Binance listing boosts Neiro, but smart money starts to sell

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