Prime Neiro Price on Ethereum Soars 9% in a Week, But Experts Say to Consider This PEPE Upgrade for 100X Gains

The price of First Neiro On Ethereum rose over 9% last week after a 2% rise. leap over the past 24 hours to trade at $0.001712 as of 11:34 p.m. EST.

The NEIRO prize won even as a meme coin The sector as a whole saw its market capitalization fall by more than 2%.

Top Neiro Price on Ethereum Defying $0.001765 Resistance

4-hour chart for NEIRO/USDT (Source: GeckoTerminal)

First Neiro On Ethereum price is attempting a challenge at the $0.001765 resistance level. If traders manage to push the price of the same coin above this technical barrier, NEIRO could gain the space needed to continue rising in the following 24 hours. This could lead the First Neiro On Ethereum price to reach a subsequent resistance level at $0.002147.

However, a rejection from the $0.001765 barrier in the next 12 hours could stop the First Neiro on Ethereum price in its momentum. Traders could subsequently put selling pressure on the coin even in this alternative scenario, which could push NEIRO towards the immediate support at $0.001358. Continued selling pressure could then cause it to plunge to $0.001025.

Technicals warn that top Neiro price on Ethereum loses bullish strength

From a technical perspective, indicators on the 4-hour chart of NEIRO suggest that the price of the meme coin could undergo a slight correction over the next 12 hours. The Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators are showing signs of diminishing buyer strength and slowing bullish momentum.

RSI readings have fallen over the past 12 hours, which is generally seen as a warning that buyers are losing their grip on a crypto’s price. Although the current reading is still bullish above 50 to 58, the negative slope of the RSI line suggests that this may not be the case for long.

NEIRO’s bullish momentum also appears to be calming down, as evidenced by the MACD line falling towards the MACD Signal line. If the gap between the two technical indicators continues to narrow, it could lead to a bearish crossover between the MACD and MACD signal lines to indicate that the First Neiro On Ethereum price has entered a negative cycle.

As technical data begins to show bearish signs for the price of First Neiro On Ethereum, investors may want to look towards the layer 2 meme coin rival. Pepe Unchained (PEPU)one of the hottest pre-sales of the year after raising a whopping $23.7 million.

An evolving framework fit for the next Meme Coin super cycle

Meme coins have been the best-performing assets in the crypto market this year, but their backers still have a lot to look forward to as experts and analysts predict an upcoming meme coin supercycle. The hype around these tokens has already caused outages for some of the largest layer 1 networks, including the TON and Solana chains.

This is where Pepe Unchained (PEPU), with its own layer 2 network, aims to make a difference. Pepe Unchained will enable 100x faster transaction speeds, while simultaneously reducing network fees with its excess computing power.

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What we are building is not just a new channel, but an entire ecosystem.

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Pepe Unchained is coming. And this will shake up the crypto space. pic.twitter.com/ZVnvgO6MGF

– Pepe Unchained (@pepe_unchained) September 26, 2024

The project will also open its ultra-fast blockchain to the rest of the meme coin market. This will provide the meme coin space with a technical framework capable of handling the massive hype and tsunami of trading volume that will hit the market with the next supercycle.

Beyond its scalability, Pepe Unchained will also enable the development of decentralized coin-focused applications. Recently, the team announced the launch of its Developer Grants Program, which will financially support approved applicants looking to build apps on the Pepe Unchained network.

Investors bet big on PEPU future as analyst forecasts 100x surge

With its lightning-fast blockchain network, layer 2 capabilities, coin appeal, and high levels of utility that the project will bring to the coin space, Pepe Unchained has all the features needed to establishing itself as a dominant player in the coin space. space.

An analyst from YouTube channel 99Bitcoins, which has over 706,000 subscribers, said PEPU could increase 100 times after its launch.

There is still time for investors to participate in PEPU during its pre-sale phase. Sold at $0.01199, PEPU can be purchased with ETH, USDT, BNB or bank card via the embedded widget on the project’s website.

Buy PEPU tokens here. Buy before a price rise in less than 2 days to get the best deal.

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