The post NEIRO Shines, PEPE, BONK Overlooked appeared on BitcoinEthereumNews.com.

Despite brief moments of potential recovery, most of meme coins had a challenging week. Popular tokens like Bonk (BONK) and Pepe (PEPE) saw their prices drop by double digits. In contrast, Neiro Ethereum (NEIRO) experienced an unexpected price surge after Binance announced its listing on the futures market. Here’s a recap of the key developments. Neiro Ethereum (NEIRO) NEIRO’s price skyrocketed by 548% this week. While it had already seen price jumps earlier, its listing on Binance futures fueled the surge even further. The announcement sparked excitement within the NEIRO community, drawing comparisons to PEPE and BONK’s Binance listings. Although Neiro Ethereum hasn’t yet made it to the Binance spot market, its futures listing comes just two months after its market debut. For context, PEPE waited nearly a quarter, and BONK almost a year for Binance’s attention. As of this writing, NEIRO is priced at $0.16, rebounding from a previous low of $0.02. Read more: 10 Best Crypto Exchange Reviews for September 2024 NEIRO 4-Hour Analysis. Source: TradingView Despite the rally, NEIRO remains 45% below its all-time high of $0.29. However, the On Balance Volume (OBV) indicator suggests strong buying interest, signaling continued market support for the meme coin. Generally, a rising OBV indicates buying pressure, while a falling reading of the indicator signifies otherwise. If the reading continues to rise, NEIRO’s next target could be $0.20 within the next few days.  However, the token might face a downturn if it becomes overbought and massive profit-taking begins. In that situation, its value might drop to $0.11. Pepe (PEPE) PEPE’s price decreased by nearly 13% in the last seven days. In a previous analysis, BeInCrypto reported how the meme coin had formed a head and shoulder pattern that could accelerate the downtrend. As of this writing, the bearish thesis has been validated…

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Filed under: News - @ September 7, 2024 4:28 pm