The First Neiro On Ethereum (NEIRO) token has experienced significant volatility over the past 24 hours, marked by a notable surge in value. As of press time, NEIRO’s price increased by 50.76%, bringing it to $0.0006043.
This rise is part of a broader trend that saw NEIRO’s market cap jump to $253,533,717, placing it in the 247th position among cryptocurrencies. These developments come amid increased trading activity, particularly following the token’s recent listing on the KuCoin exchange.
KuCoin Lists NEIRO, Boosting Market Activity
The surge in NEIRO’s price can be closely tied to its recent listing on KuCoin, a well-known global cryptocurrency exchange. KuCoin officially announced the inclusion of NEIRO on its Spot trading platform, with deposits now open via the ETH-ERC20 network. This integration with Ethereum’s blockchain provides a seamless trading experience for users.
Per the announcement, NEIROCTO/USDT trading on KuCoin will start on September 17, 2024, at 09:00 UTC. This will allow users to trade NEIRO against USDT, one of the most popular stablecoins in existence today.
📢 New Listing@neiroethcto #NEIROCTO Gets Listed on #KuCoin!
💎Pair: NEIROCTO/USDT
💎Deposit: now open (network: ETH-ERC20)
💎Trading: 09:00 on September 17, 2024 (UTC)— KuCoin (@kucoincom) September 17, 2024
Also, access to the withdrawals will be opened at 10:00 UTC on September 18th, 2024, meaning that users will be able to get their funds right away. This listing at KuCoin comes after the recent launch of NEIRO on Binance, which sent the price of the coin skyrocketing by 850% in just 24 hours, further extending KuCoin’s hold in the crypto market to NEIRO.
Market Indicators Suggest Potential Price Movements
Following its recent price uptick, NEIRO has successfully broken through the $0.000400 resistance level, which had previously posed a significant challenge. This breakout suggests that NEIRO may continue its upward trajectory in the short term, potentially targeting a price level of $0.00085890 by the end of the week.
A breach above this mark could further result in the NEIRO token eliminating a zero toward $0.0022684, aligning with the 1.168% Fibonacci level. Technical indicators are currently supporting this bullish outlook. The Chaikin Money Flow (CMF) index, which measures the buying and selling pressure, is trending upwards at 0.27. This indicates a strong inflow of capital into NEIRO, further bolstering its current price rise.
Moreover, the Relative Strength Index (RSI), another key technical indicator, shows bullish solid momentum. However, it is worth noting that the RSI is currently in the overbought territory, with a reading of 90.07. This suggests that the token is experiencing extreme buying pressure, which could lead to a short-term price correction. If this occurs, NEIRO’s price might pull back toward the $0.0002622 level to find support before potentially resuming its upward trend.
Also Report: Shiba Inu Burn Rate Surges 440%, $SHIB Price Recovery Soon?
Credit: Source link