Over the past 24 hours, the NEIRO price has seen a continuation of its recent growth, climbing an impressive 14.11%.
Meanwhile, a notable whale seems to be ditching other coins in favor of NEIRO.
Today’s growth extends what has been a substantial rally. NEIRO is up 46.46% since last Tuesday, markedly outperforming other notable meme coins, which have seen average losses of 4.71%.
Indeed, NEIRO seems to be at the forefront of the meme coin market right now.
The meme coin’s trading volume has surged a steep 48.04% to $1.17 billion over the past 24 hours.
Whale Jumps Ship After NEIRO Price Surge: What Do They Know?
The most aggressive of these purchases came from a Neiro Ethereum whale, famous for profiting $145 million from investing in Shiba Inu (SHIB).
The whale swapped out a loss-making position in NEIROETH, selling 17.5 million tokens for $1.22 million.
By exiting, the whale incurred a substantial 55% loss, amounting to $1.49 million, after holding the meme coin for just one month.
In return, the whale doubled down on their investments in NEIRO, purchasing 841.6 million tokens for $1.45 million.
This adds to their total holding of 3.85 billion NEIRO, worth $6.51 million, resulting in a 67% unrealized profit of $2.67 million, according to SpotOnChain data.
This strategic move follows significant technical developments, as the NEIRO price approaches a breakout of the symmetrical triangle pattern that has formed over the past few hours.
NEIRO Price Analysis: How High Can NEIRO Go?
NEIRO / USDT 1H chart, symmetrical triangle pattern. Source: Binance.This pattern indicates a period of consolidation as NEIRO seeks stability following a substantial rally. Although a breakout could occur in either direction, current indicators suggest a bullish outcome.
Most notably, the Relative Strength Index (RSI) remains in positive territory at 60, while neutral, it retains a bullish lean despite a slight slowdown in momentum.
This sentiment is further supported by the Chaikin Money Flow (CMF), currently at +0.1, suggesting that inflows remain strong.
However, the MACD line has yet to retake its position above the signal line, indicating that bulls have not fully taken control.
Traders should therefore monitor NEIRO’s ability to hold above the 20-day Exponential Moving Average (EMA) as a key support level to confirm a sustained uptrend.
A decisive breakout above the upper resistance of the pattern could extend the growth streak, with an initial price target set at the $0.001878 resistance level, potentially leading to a new all-time high.
From there, a conservative short-term target of $0.0023 seems plausible. However, taking a broader view, deeper analysis cites 10x potential long-term as credible, setting eyes on a $1B market cap.
This Low-Cap Gem is Flying Under the Radar
While NEIRO stands in the spotlight, potential higher gains may lie in the shadows. NEIRO certainly seems promising, but diversifying into newer low-cap meme coins could unveil exponential growth opportunities.
One such contender is Crypto All-Stars ($STARS), which presents a unique opportunity as it pioneers the industry’s first meme coin staking platform.
The MemeVault brings together the entire meme coin community under the Crypto All-Stars umbrella, staking to earn rewards in the project’s native token, $STARS.
This allows the most dedicated meme coin holders to stay true to their favorite coins while capitalizing on the gains staking offers. Something which may be credited to its instant success, raising over $2 million in its presale already!
This confidence is bolstered by STARS’s commitment to transparency, with two successful audits ensuring investor safety.
Beyond its pioneering approach to meme coin staking, $STARS itself offers one of the biggest passive income opportunities right now, with a substantial 710% APY. While the market wanes amidst recent volatility, All-Star investors are raking in consistent gains!
Join the Crypto All-Stars community on X and Telegram to stay up to date on the latest announcements.
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The post Neiro Price Forecast: Whales Shift Focus After 40% Rally — Is NEIRO the New Meme Coin Favorite? appeared first on Cryptonews.
