NEIRO (NEIRO) Price Prediction: NEIRO Could Drop Below $0.13 But $1 Is Inevitable, Analysts Say

NEIRO has been one of the biggest gainers in the last seven days, with its price surging by almost 400%, according to data from CoinMarketCap.

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NEIRO has been one of the biggest gainers in the last seven days, with its price surging by almost 400%, according to data from CoinMarketCap. As to where the dog-themed meme coin might be headed next, several crypto analysts have offered their technical outlooks.

One analyst, known as The Forex Mindset, has suggested that NEIRO’s price rally might be over and that a price correction is imminent. In a post on TradingView, the analyst suggested that NEIRO will drop below $0.13. He highlighted how the volume blocks hint at a price decline for the meme coin.

The analyst also noted how investors cannot depend on altcoins like NEIRO whenever Bitcoin is in a downtrend. This comes as Bitcoin is yet to show signs that it will rally to higher highs, dropping lower instead. If this happens, NEIRO will likely follow suit.

Moreover, The Forex Mindset highlighted that NEIRO is overbought with its Stochastic relative strength index (RSI) at 100. This overbought condition hints at a coming price correction for the meme coin.

On the other hand, several other analysts have offered bullish outlooks for NEIRO. One analyst, known as Kong, stated that $1 is inevitable for the meme coin. In a post on TradingTogether, Kong highlighted that there’s no reason to bear on NEIRO, considering its price is still below Bybit’s listing price. The crypto analyst added that the run for the meme coin hasn’t even started yet, as it will still rally to $1. A rally to $1 is significant as NEIRO will hit a billion-dollar market cap in the process.

Another crypto analyst, known as Crypto Caesar, has also offered a bullish outlook for NEIRO. In an X post, he mentioned that the meme coin looks “very good” at its current price level. The crypto analyst added that its price has broken through the resistance at $0.16 and will now look to retest that price level as a new support zone. He said that a successful retest could confirm more bullish momentum.

At the time of writing, NEIRO is trading at around $0.172, down over 12% in the last 24 hours, according to data from CoinMarketCap.

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