Rally

Major

Captain

Coin

<p>Analyst Captain Faibik shared an insightful tweet predicting a potential <a href="https://captainaltcoin.com/neiro-price-breaks-key-resistance-level-are-new-highs-on-the-horizon/" target="_blank" rel="noopener noreferrer nofollow">bullish breakout for Neiro</a>. The token’s price chart reveals a key pattern, a technical setup often associated with trend reversals.&nbsp;</p>
<p>The anticipated breakout could result in a 40-50% price rally, sparking significant interest among traders. The Falling Wedge pattern observed on the NEIRO 4-hour chart is characterized by converging trendlines.&nbsp;</p>
<p>The price has been trading within these descending boundaries, with lower highs and lower lows indicating diminishing bearish momentum. This pattern is usually a signal of a potential reversal, often leading to a bullish breakout once the price breaks above the upper trendline.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24NEIRO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$NEIRO</a> is on the verge of Falling Wedge Breakout..<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Expecting +40-50% Bullish Rally after the Breakout, So keep an eye on it..<a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/NEIRO?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#NEIRO</a> <a href="https://twitter.com/hashtag/NEIROUSDT?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#NEIROUSDT</a> <a href="https://t.co/9LrG5I1Uep" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/9LrG5I1Uep</a></p>— Captain Faibik <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f43a.png" alt="🐺" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1859087268855603228?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 20, 2024</a>
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<p>The wedge’s upper boundary, currently between $0.00205 and $0.0021, acts as resistance. A breakout above this level could set the stage for a rally toward the target <a href="https://www.coingecko.com/en/coins/neiro-3" target="_blank" rel="noopener noreferrer nofollow">price</a> of $0.0024. This aligns with Captain Faibik’s prediction of a 40-50% upside from the breakout level, which hovers around $0.0020.</p>
<h2 class="wp-block-heading" id="strong-key-support-and-resistance-levels-strong"><strong>Key Support and Resistance Levels</strong></h2>
<p>The chart identifies $0.0020 as a strong support level, with consistent price rebounds marking it as a critical accumulation zone. A minor support level at $0.0019 provides additional structure to the pattern, although the primary focus remains on $0.0020.</p>
<p>Resistance is defined by the wedge’s upper trendline. If the price surpasses this barrier, the post-breakout resistance target lies at $0.0024, which matches the measured move of the Falling Wedge.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/uniswap-uni-price-shows-bullish-potential-after-recent-correction-heres-the-outlook/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Uniswap (UNI) Price Shows Bullish Potential After Recent Correction – Here’s the Outlook</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-volume-trends-and-momentum-strong"><strong>Volume Trends and Momentum</strong></h2>
<p>Volume analysis reveals declining trading activity as the price consolidates within the wedge, suggesting reduced bearish pressure. A surge in trading volume during the breakout would confirm bullish momentum, validating the <a href="https://beincrypto.com/neiro-rebound-likely/" target="_blank" rel="noopener noreferrer nofollow">price rally</a>.</p>
<p>Momentum indicators suggest that while current conditions remain neutral to slightly bearish, an upward breakout could trigger a robust bullish trend. This could align with the 40-50% price movement predicted by the analyst.</p>
<h2 class="wp-block-heading" id="strong-price-targets-and-projections-strong"><strong>Price Targets and Projections</strong></h2>
<p>Short-term projections highlight a breakout target of $0.0024, representing a notable rally from current levels.&nbsp;</p>
<p>Captain Faibik’s analysis underlines the potential for NEIRO to deliver substantial gains, making it a token to watch in the coming days.</p>
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<p>The post <a href="https://captainaltcoin.com/is-neiro-meme-coin-price-ready-for-takeoff-this-pattern-suggests-major-rally/" rel="noopener noreferrer nofollow">Is Neiro Meme Coin Price Ready for Takeoff? This Pattern Suggests Major Rally</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Is Neiro Meme Coin Price Ready for Takeoff? This Pattern Suggests Major Rally

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