Neiro (NEIRO) Ethereum Token Price Prediction: Will the Bull Run Result in a Price Surge to $0.50 This Week?

Amid the bullish run in meme coins slowly picking up pace, the Neiro Ethereum is rising, signalling a potential breakout rally ready to hit $0.50 this week.

.50 This Week?" >

The price trend of NEIRO Ethereum (NEIRO) in the 1H chart showcases a massive upcycle, leading to a channel breakout. The bullish turnaround is evident with the double-bottom reversal from the $0.10 psychological mark.

The bearish channel fails to contain the rising demand, and the uptrend hits the 61.80% Fibonacci level at $0.2348. However, the meme coin reverses from $0.2348 and tests the 38.20% Fibonacci level.

Moreover, the pullback phase results in a bearish crossover of the MACD and signal lines. Thus, the chances of a pullback to retest the broken trendline are increasing, with a potential 12% drop to $0.16510.

Currently, the NEIRO Ethereum token trades at $0.2 with an intraday gain of 4.46%. However, the entire bull cycle in the 1H chart accounts for an 82% rise in 22 hours. Notably, this meme token is up by over 300% from the price it sold for just seven days ago.

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