Ethereum

bullish

Momentum

Shiba Inu

As the crypto market remains volatile, the meme coin segment has lost the $50 billion market cap. With a 30-day peak at $53.25 billion, the meme coins have dropped down to $48.47 billion, with $7.38 billion in volume.&nbsp;  
While the majority of the meme coins remain bearish, the First Neiro on Ethereum reflects a bullish trend in motion. Will NEIRO continue the bull run for a new all-time high in the week ahead?  
<h2 class="wp-block-heading" id="h-neiro-on-eth-price-performance">NEIRO on ETH Price Performance</h2>  
With an 18.11% jump in the past 24 hours, the first Neiro on Ethereum token has surged by almost 50% in the past seven days. The bullish rally in the meme coin comes with its listing over the biggest crypto exchange, Binance.&nbsp;  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/10/08230821/First-Neiro-On-Ethereum-oct-8-price-analysis-1024x511.png" alt="Neiro Oct 8 Price Analysis" class="wp-image-362339">
</figure>  
<a href="https://www.tradingview.com/x/uFcYqhWy/" target="_blank" rel="noopener noreferrer nofollow">Tradingview</a>  
Currently, the meme coin is trading at $0.0017, with an intraday gain of 3.79%. This marks the third consecutive daily bullish candle, creating a triple-white-soldier pattern. The bullish candlestick pattern accounts for a 76% surge.&nbsp;  
In the 4-hour chart, the first Neiro on Ethereum reveals a bullish trend continuation with a bullish pennant and a falling channel breakout. Currently, the falling channel breakout rally tests the 0.0018% resistance level, teasing a potential sideways shift.&nbsp;  
Technical Indicators:  
MACD Indicator: The MACD indicator shows the average lines maintaining a positive alignment with a surge in bullish histograms.&nbsp;  
EMA: The 50 and 200 EMA in the 4-hour chart maintain a positive trend, revealing a surge in bullish momentum.&nbsp;  
<h2 class="wp-block-heading" id="h-will-neiro-price-hit-0-0030">Will NEIRO Price Hit $0.0030?</h2>  
Using the trend-based Fibonacci level, the bull run hits the 100% Fibonacci level and is taking support from the 78.60% level at $0.001572. Further, the trend-based Fibonacci level paints the next potential targets at 1.618 and 2.618 levels at $0.002393 and $0.003379.&nbsp;  
On the flip side, the crucial supports for the meme coin are present at $0.001572 and $0.001290.  
Wondering if Shiba Inu can lead the bull run in meme coins? Find out now in Coinpedia’s <a href="https://coinpedia.org/price-prediction/shiba-inu-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">SHIB price prediction</a> for 2024-2030.

NEIRO on Ethereum Soars: Will Bullish Momentum Drive to $0.0030?

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