- NEIRO surged nearly 4x in five days following quiet accumulation by major market maker Wintermute.
- Technical indicators show overbought RSI and a bullish MACD, hinting at potential short-term cooling.
- Fibonacci extensions suggest $0.00072436 as the next major target if bullish momentum persists.
NEIRO, one of Ethereum’s rising meme coin stars, is back in the spotlight after a parabolic price move that has traders questioning whether quiet accumulation by market makers (MMs) is fueling the rally. Over the past five days, NEIRO has surged nearly 4x in value and as per CoinMarketCap data, the cryptocurrency soared 165% in the past week alone. With a 74.62% increase in trading volume in the past 24 hours, NEIRO trades at $0.0005592, successfully reclaiming the 20-day EMA at $0.00033.
Market Maker Wintermute Reportedly Accumulating NEIRO Amid Price Surge
According to analyst group CryptoNinjas, the rally coincided with major trading firm Wintermute accumulating NEIRO from major exchanges like Binance and OKX.
While meme coin volatility isn’t new, what makes NEIRO’s recent behavior notable is that this breakout comes while much of the broader market is either consolidating or in modest uptrend, signaling that something unique is driving its price action.
“Tokens like NEIRO tend to surge significantly when the market recovers — especially when market makers are quietly loading up behind the scenes,”
NEIRO, alongside TURBO and BABYDOGE, was one of the first meme coins listed simultaneously by Binance back in September. But among the trio, NEIRO has consistently shown the strongest momentum and demand.
NEIRO Technical Analysis: Will the Parabolic Move Continue?
Looking at the daily NEIRO/USDT chart, the technical indicators paint a picture of a highly charged bullish setup.
The RSI is currently at 77.42, well into overbought territory. While this suggests short-term exhaustion, meme coins have historically stayed overbought longer than typical altcoins during explosive runs.
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On the other hand, MACD shows a widening bullish crossover with strong upward momentum. The histogram remains green, suggesting buyers are still in control–although the momentum could wane if volume does not sustain.
Meanwhile, the Fibonacci extension levels reveal that the recent rally tapped just under the 2.618 Fib extension at $0.00057799, and briefly wicked near the 3.618 level at $0.00072436, which now acts as a longer-term bullish target.
Should momentum continue, $0.00072436 would be the next upside area to watch.
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However, in the event of a retracement, initial support sits near the 1.618 extension at $0.00043161, while deeper support lies at Fib retracement levels of $0.00034116 (1.0) and $0.00030983 (0.786).
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