- NEIRO hovers above key $0.0005000 support, signaling a potential bullish shift.
- Volume surges 27.11%, with MACD crossover hinting at early bullish momentum.
- Resistance at $0.0005300 remains pivotal for NEIRO’s short-term breakout attempt.
NEIRO (First Neiro on Ethereum) is drawing renewed attention from traders in June 2025, as its price chart forms a classic bullish reversal pattern that could signal an end to its recent volatility. After showing signs of a short-term recovery, the low-cap token is now at a potential inflection point.
The current trading level hovers around $0.0005094, marking a 2.82% gain in the past 24 hours. While still far from its early-year peak of $0.0015, this low-cap token is displaying behavior that may suggest a possible reversal or at least a phase of consolidation.
Market Structure and Key Price Zones
NEIRO’s intraday price movements reflect high volatility. The price has oscillated between $0.0004925 and $0.0005300.
These levels define the current trading boundaries. Importantly, $0.0004925 serves as a base support. It has held firm through multiple dips and is now a key reference point for downside risk. The $0.0005000 level acts as a psychological threshold and has served as a consistent pivot over several sessions.
Resistance levels remain firm at $0.0005200 and $0.0005300. Despite brief breakouts, NEIRO has failed to hold above these levels. A successful push past $0.0005300 could shift short-term sentiment decisively toward bullish. Conversely, a sustained drop below $0.0005000 might prompt a test of the lower $0.0004925 level or even deeper.
Volume, Technicals, and Trader Behavior
NEIRO’s 24-hour volume stands at $184.4 million, a 27.11% jump, signaling active trading. With a Volume/Market Cap ratio of 85.81%, speculative interest appears high. This suggests many traders are entering and exiting positions quickly, likely chasing short-term gains.
Technically, the MACD shows early bullish momentum. The MACD line has just crossed above the signal line.
However, the histogram’s flatness indicates weak trend strength. RSI stands at 55.64, suggesting mild bullishness, but there’s no sign of overheating. The recent recovery from oversold RSI levels adds weight to the argument that NEIRO may be entering a consolidation phase.
June 2025 Outlook
Market liquidations offer further insight. Both long and short liquidations spiked on June 11, totaling over $200K, mostly on Binance. This reflects growing indecision and tighter price battles. With the current price far below past highs and above long-term lows, NEIRO sits at a possible inflection point.
If trading volume continues to rise and NEIRO breaks above $0.0005300, short-term upside is likely. However, traders should stay cautious. A drop below $0.0005000 could quickly lead to fresh selling pressure. NEIRO’s path forward will likely depend on whether it can hold support while breaking critical resistance in the coming days.
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