The post Is a New All-Time High on Cards? appeared on BitcoinEthereumNews.com.

With a fresh recovery in the meme coins segment this week, NEIRO is back in action with a 600% surge in just seven days. As the broader market recovers, the upside chances for this meme coin are increasing. So, should you consider buying NEIRO before a new all-time high formation? NEIRO Price Performance Following the early gains in the initial days, the NEIRO token took a quick pullback. The downfall accounts for a 91.50% drop in its market value from the peak of $0.27790 to a bottom of $0.020.  However, the meme coin quickly bounces back with a boost in trend momentum as the broader market recovers.  TradingView Following the recent bull cycle, the meme coin soared by 725% to reclaim the $0.01942, making a B-shaped reversal. As the trend reversal surpasses the 61.80% Fibonacci level, the bullish exhaustion leads to a pullback phase. The pullback phase accounted for an 11.61% drop in the last 30 hours and led to a streak of bearish candles in the 4-hour chart.  The price action analysis of NEIRO ETH reveals a rounding bottom breakout with a neckline at $0.16. A potential post-retest reversal could increase the chances of a bull run in NEIRO. Technical Indicators:  MACD: The MACD and signal lines regain the bearish alignment with negative histograms resurfacing. EMA: With the minor pullback, the golden crossover between the 50 and 200 EMA in the 4-hour chart is delayed.  Will Bulls Cross The $0.10 Threshold? As the pullback intensifies, a potential retest of the 50% or the 38.20% Fibonacci levels is possible at $0.1507 and $0.1207, respectively. On the optimistic side, a bullish continuation with a boom in trading volume could witness a massive surge, surpassing the 78.60% Fibonacci level at $0.22.  The breakout rally is expected to find resistance at the 1.272…

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Filed under: News - @ September 11, 2024 9:17 am