bullish

Momentum

Daily

Coin

<p>According to CryptoFaibik, <a href="https://www.thecoinrepublic.com/price-prediction/neiro-sol-2/">NEIRO</a> coin could see a 40–50% rally if it breaks above the wedge’s upper boundary. Nevertheless, bearish pressure on the daily chart points out that its further direction will largely depend on the upcoming trading days.</p> 
<h2 class="wp-block-heading" id="h-falling-wedge-pattern-suggests-bullish-potential"><strong>Falling Wedge Pattern Suggests Bullish Potential</strong></h2> 
<p>The 4-hour chart of NEIRO coin shows a falling wedge pattern marked by two converging lines, which depicts the reducing volatility of price before the breakout.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="961" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-22-at-7.49.39 PM-1024x961.png" alt="NEIRO coin" class="wp-image-844400" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-22-at-7.49.39 PM-1024x961.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-22-at-7.49.39 PM-300x282.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-22-at-7.49.39 PM-768x721.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-22-at-7.49.39 PM-150x141.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-22-at-7.49.39 PM-696x653.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-22-at-7.49.39 PM-1068x1002.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-22-at-7.49.39 PM.png 1200w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   NEIRO coin price chart 
  </figcaption>
 </figure>
</div> 
<p>This pattern usually suggests that a breakout is just around the corner, with the upward direction being the most probable.</p> 
<p>The level to look out for is $0.00207500 which is the upper trend line of the wedge. If the price breaks above this level, it could reach $0.00320000 high which will be a 57% upswing from the breakout price.</p> 
<h2 class="wp-block-heading" id="h-neiro-coin-daily-chart-shows-bearish-momentum"><strong>NEIRO Coin Daily Chart Shows Bearish Momentum</strong></h2> 
<p>However, looking at the 4-hour chart there are potential bull signals in the making, though the daily chart is less optimistic. Nevertheless, NEIRO has been on the decline by 8% and is currently at $0.001858 following selling pressures.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="599" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/1-day-NEIRO-trading-chartsource-Tradingview-1024x599.png" alt="1-day NEIRO trading chart | source Tradingview" class="wp-image-844405" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/1-day-NEIRO-trading-chartsource-Tradingview-1024x599.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/1-day-NEIRO-trading-chartsource-Tradingview-300x176.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/1-day-NEIRO-trading-chartsource-Tradingview-768x450.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/1-day-NEIRO-trading-chartsource-Tradingview-150x88.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/1-day-NEIRO-trading-chartsource-Tradingview-696x407.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/1-day-NEIRO-trading-chartsource-Tradingview-1068x625.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/1-day-NEIRO-trading-chartsource-Tradingview.png 1341w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  1-day NEIRO trading chart | source Tradingview
 </figcaption>
</figure> 
<p>The price recently crossed below the 20-day SMA approaching $0.00205000 and this level has now become the resistance level. This breakdown also indicates the shift in the overall market trend from bullish to bearish in the short-term market.</p> 
<p>Moreover, NEIRO is close to the lower Bollinger Band for $0.00114403, which may be a support in case of further selloff.</p> 
<p>The Relative Strength Index (RSI) has reduced to 47.15 which shows that the bullish strength has deteriorated. Having recently triggered the overbought levels, the momentum has shown a bearish signal below the 50 level.</p> 
<h2 class="wp-block-heading" id="h-neiro-coin-key-levels-to-watch"><strong>NEIRO Coin Key Levels to Watch</strong></h2> 
<p>The short-term price movements in NEIRO will highly depend on the support and resistance levels. On the upside, if the bullish wedge pattern breaks above $0.00207500 then directed price action to $0.00320000 can be expected.</p> 
<p>On the upside, a breakout above $0.00207500 would confirm the bullish wedge pattern and potentially trigger a rally toward $0.00320000. The second level of resistance is identified at $0.00250000 which requires increased buying pressure to break through this level.</p> 
<p>On the downside, $0.00180000 acts as a crucial support level. If this support is broken, then a deeper correction could occur towards the lower Bollinger Band at $0.00114403.</p> 
<h2 class="wp-block-heading" id="h-mixed-outlook-creates-challenges"><strong>Mixed Outlook Creates Challenges</strong></h2> 
<p>For traders and investors, NEIRO’s current setup presents a mix of opportunities and risks. The falling wedge on the 4-hour chart offers a bullish case, with significant upside potential if the breakout materializes. However, the bearish trend on the daily chart and the dip below the 20-day SMA suggest caution is warranted.</p> 
<p>To confirm a bullish breakout, strong trading volume will be essential. Without this, the bearish sentiment on the daily chart could outweigh the potential for gains.</p> 
<p>If NEIRO holds above $0.00180000 and breaks through $0.00207500, bullish momentum could reignite, targeting $0.00320000. Conversely, if the price fails to defend the $0.00180000 support, a further decline toward $0.00114403 is likely.</p> 
<p>The coming days will be critical in defining NEIRO’s trajectory, with traders needing to monitor both support and resistance levels closely for any decisive price movement.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/11/22/neiro-coin-eyes-57-rally-falling-wedge-breakout-nears/">NEIRO Coin Eyes 57% Rally: Falling Wedge Breakout Nears&nbsp;</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

NEIRO Coin Eyes 57% Rally: Falling Wedge Breakout Nears

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