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The price of Neiro Ethereum is down over 40% over the past week after losing 1% over the past 24 hours to trade at $0.1364 as of 11:45 p.m. EST.
Focusing on the longer monthly period, we see that NEIRO price remains comfortably in the green at over 888%.
Ethereum Neiro Price Tries to Escape Bearish Channel
4-hour chart for NEIRO/USD (Source: GeckoTerminal)
THE Black Ethereum price is trying to escape from a medium-term negative price channel and has recently entered a consolidation phase between $0.1172 and $0.1752.
If the meme currency continues to oscillate within this range over the next 24 hours, it could eventually break out of the descending channel. This could then lead to a significant move for NEIRO.
If traders identify the crypto’s current level as a buying opportunity, then Neiro Ethereum price will likely attempt to turn the resistance level at $0.1752 into support.
Subsequently, the cryptocurrency could have the technical foundations to continue climbing in the next 24 hours. NEIRO could then reach $0.2460 in the short term.
On the other hand, if bears take control of the Ethereum Neiro price, it could lead to the coin meme falling below the immediate support level at $0.1172.
This will then put the crypto at risk of potentially plunging as low as $0.0657 in the coming days.
Technical data suggests that Ethereum Neiro price could move in either direction
From a technical perspective, indicators on the 4-hour chart of NEIRO are sending mixed signals. On one hand, the Relative Strength Index (RSI) shows that the bears are outperforming the bulls. At the same time, the Moving Average Convergence and Divergence (MACD) indicator suggests that NEIRO is currently in an uptrend.
Over the past few days, RSI values have dropped from 51 to 40. Currently, the RSI remains below the 50 reference, which indicates that sellers are stronger than buyers.
With the negative slope of the RSI line, it seems that the bears are also gaining strength. Traders could take this as a warning of an imminent drop in the Ethereum Neiro price.
The MACD line has also fallen towards the MACD signal line over the past 24 hours. However, the former remains positioned above the latter, indicating that NEIRO is in a positive short-term trend.
With indicators on the 4-hour chart of NEIRO sending mixed signals, traders are likely waiting for a clear indication of the crypto’s next price move. This could emerge in the next 12 hours, as Neiro Ethereum price approaches the upper boundary of the medium-term descending channel.
As traders wait to see how Neiro Ethereum price will react to the upper boundary of the price channel, investors are flocking to the Base meme coin Base Dawgz (DAWGZ)including YouTuber ClayBro, with 130,000 subscribers, they say, “will make millionaires.”
A base meme currency that can move between chains among the largest in the Web3 space
Base Dawgz (DAWGZ) is a new meme coin in the Layer 2 Base ecosystem that seeks to replicate the early success of its predecessor Brett.
Unlike the majority of meme coins on the market, Base Dawgz offers high levels of utility given its cross-chain capabilities.
Powered by Wormhole and Portal Bridge, meme coin offers investors the ability to seamlessly move between some of the most active and liquid networks in the Web3 space.
The list of supported networks includes Avalanche, Ethereum, Solana, Binance Smart Chain, and the layer 2 network Base.
With its multi-chain presence, investors can participate in DeFi yield-generating opportunities on any of the supported networks as soon as they emerge.
Its multi-channel presence combined with its appeal to crypto investors has excited popular crypto YouTuber ClayBroAttractive staking rewards offered to early investors
Anyone who purchases and stakes DAWGZ during its ongoing pre-sale phase will unlock access to an 807% APY.
Investors have rushed to take advantage of this opportunity, as evidenced by the more than $2.9 million that has been sent to the meme coin’s ICO so far.
Around 37% of the token supply has also already been staked.
DG $DAWGZ and welcome to a new week!
We are so close to reaching $3 million! Just a little push and we will be there 🪂 pic.twitter.com/PS9UGfwhMb
— Base Dawgz (@BaseDawgz) August 19, 2024
To benefit from these rewards, investors can acquire the meme coin via the easy-to-use widget embedded on the project’s website.
Selling at $0.008173, the crypto can be purchased using BASE, ETH, BNB, AVAX, or SOL due to its multi-chain presence.
A price increase is expected in about 5 days, so interested investors should not wait too long.
Buy DAWGZ tokens from the official website here.
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