Neiro (First Neiro On Ethereum)

Date: Mon, Oct 07, 2024, 00:02 AM ISTThe cryptocurrency market is bouncing back after an early October sell-off caused by global tensions. Bitcoin (BTC), which briefly dropped to $60,000, has now recovered and is trading above $62,500. This rise in BTC has also triggered a rally in other <a href="https://coinsprobe.com/top-3-solana-based-memecoins-to-watch-next-week-wif-popcat-or-bonk-who-will-lead-the-rally/" rel="noopener noreferrer nofollow">cryptocurrencies</a>, especially in the memecoin space. One of the big winners in this surge is First Neiro on Ethereum (NEIRO), which has jumped over 21% in the past 24 hours.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/6f2565173a204c5396c0ed5ef9b42943.png" />Source: Coinmarketcap<h3 id="is-a-rally-on-the-horizon">Is a Rally On the Horizon?</h3>Earlier today, NEIRO broke out of a descending wedge pattern on the 1-hour chart. The downtrend line was broken at the $0.01025 level, leading to a rapid price surge. NEIRO is now trading at $0.01197, marking a solid 16% gain from its breakout level.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/1528f5f43537435fbf8243c9952615bd.png" />NEIRO has a history of strong breakouts, and this time seems no different. The memecoin is showing significant momentum but is currently facing resistance in the $0.01189 to $0.01250 range. If it manages to break through this level, we could see a potential rally of at least 30%.However, as always, NEIRO’s performance will likely be influenced by the broader market, especially Bitcoin. BTC is holding steady above the $62,000 support level, and a breakout above $63,000 could further fuel memecoin gains, including NEIRO.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.Also Read: <a href="https://coinsprobe.com/top-3-solana-based-memecoins-to-watch-this-week-for-potential-gains/" rel="noopener noreferrer nofollow">Top 3 Solana-Based Memecoins to Watch This Week For Potential Gains.</a>

NEIRO Surges Higher Following Major Breakout: Is a Rally On the Horizon?

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