Neiro’s Wild Ride: The Meme Coin That Just Won’t Quit! 🚀💰

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  • Oh, Neiro! With a bullish outlook that could make a lion jealous, it’s defending its turf like a champ!
  • Buying pressure? More like a stampede! The lower timeframe charts are practically shouting, “Buy me!”

Once upon a time, in the land of crypto, Neiro [NEIRO] saw a gigantic whale (not the kind that splashes in the ocean, mind you) withdrawing tokens at the end of May. This whale’s antics sent the meme coin soaring, just when it was lounging around the $0.0004 demand zone, sipping a piña colada.

In the last few days, perhaps feeling a bit giddy from Bitcoin’s [BTC] leap to $110.5k, Neiro decided to strut its stuff and waltzed past local resistance levels around $0.00048. Fancy that!

Will Neiro’s Demand Keep the Party Going?

Neiro, the little engine that could, regained its bullish momentum, as the RSI danced back above the neutral 50 mark. On June 6th, the 61.8% Fibonacci retracement level was tested as support, and oh boy, did the NEIRO bulls respond like they were on a sugar rush!

The 20 and 50-day moving averages were waving their flags, indicating a bullish bias on the 1-day timeframe. And guess what? The 50 DMA decided to throw a party right at the 61.8% level at $0.000393, making the bullish reaction feel like a grand celebration!

Since that magical retest, our beloved meme coin has jumped up by a whopping 31% in just three days! NEIRO even managed to leap over the local resistance at $0.00047, which had been a pesky obstacle last week. Take that, resistance!

Now that the price is above the 20 DMA, it seems like further gains are not just a dream but a delightful reality. The OBV, which had been lounging around, has started to perk up and move higher. Hooray!

But wait! Another uptrend on the OBV, which is still playing hard to get, will signal that steady buying volume is behind Neiro. Fingers crossed! 🤞

The 2-hour chart is showing firm bullish conviction in the short-term. The $0.000487 resistance, which had been a stubborn gatekeeper since late May, was finally breached by the brave bulls just hours ago. The OBV shot up like a rocket over the past couple of days!

But hold your horses! The RSI is at a cheeky 80, suggesting the market might be a tad overextended. This could lead to a minor price dip, perhaps a retest of the $0.000487 support. If that happens, traders might just find the perfect moment to hop on the meme coin train!

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2025-06-11 12:57