Will Neiro Price Soar To $0.01 After Coinbase Listing?

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As a seasoned crypto investor with over a decade of experience in this wild and unpredictable world of digital assets, I must admit that seeing Neiro soar after its listing on Coinbase was nothing short of exhilarating. It’s not every day you witness a meme coin with a market cap north of $880 million jump by over 20% in just three days.

The price of Neiro skyrocketed to a peak not seen since October 15, following the listing of NEIRO–PERP on Coinbase International Exchange and Coinbase Pro. It surged for three straight days, reaching an intraday high of $0.00227, a level last observed on October 15.

Neiro Price Soars After Coinbase Listing

Meme coin Neiro experienced a surge of more than 20% in value following its addition to both Coinbase International and Coinbase Pro, significant platforms as Coinbase boasts an impressive user base of over 105 million. Given Coinbase’s status as a leading cryptocurrency exchange, this listing event was highly noteworthy.

Following the data, it appears that Neiro’s involvement in the futures market has rebounded after a decline trend that started on October 12. The open interest reached a peak of $190 million, which is the highest level seen since October 13.

Will Neiro Price Soar To $0.01 After Coinbase Listing?

Neiro token futures are now listed by other popular crypto exchanges like Binance, OKX, and Bitmex.

The cost of cryptocurrencies tends to increase significantly once they’re added to well-known trading platforms such as Binance, Coinbase, or Kraken. This is due to the creation of excitement around the coin and because the listing provides access to a vast number of potential users.

Analysts who focus on cryptocurrencies are optimistic about the price of Neiro. In a recent post, well-known trader Jo pointed out that Neiro’s upward trend is likely due to its significantly higher trading volume compared to other coins. According to CoinGecko, Neiro had a 24-hour trading volume of $1.2 billion, placing it third behind Dogecoin and Pepe in terms of volume.

In another post, which was reposted by Neiro, a user noted that Neiro was the only meme coin wth a volume/market cap ratio of 1. That ratio was about 3x greater than Dogecoin, while Dogwifhat and Pepe had 0.355 and 0.34. 

Will Neiro Coin Price Hit $0.01?

This year, Neiro’s price has performed exceptionally well, largely due to the continuous rise in meme coins. It started at $0.00003294 in September and has since climbed up to $0.0022. This represents a significant growth of 6,431%.

The price of Neiro tokens bounced back from its critical support level of $0.0012, which was its lowest point recorded on November 4, as investors seized the opportunity presented by the price drop to make purchases.

The price has climbed beyond a downward trendline connecting the peak points since October 15, and it’s now above the 50-day moving average as well.

Will Neiro Price Soar To $0.01 After Coinbase Listing?

Currently, the token must change the significant level at $0.0023 (its all-time high) from resistance to support. Turning this level is essential for the continuation of the bullish trend because it will nullify the double-top chart pattern.

As a crypto investor, I’m currently eyeing Neiro, which stands at around my current investment value. To reach the next milestone at $0.01, Neiro needs to surge by an astounding 4,400%. While I believe in its potential, such a leap will undoubtedly take some time. A more feasible goal for me right now would be if Neiro manages to push above $0.0023. If that happens, it could pave the way for the coin to potentially rise to $0.0030.

Conversely, if the price falls below $0.0018, it would contradict the bullish outlook and potentially drive the Neiro token down towards $0.0014, which represents the upper boundary of the declining trendline.

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2024-11-07 20:01