Meme coins have been a topic of fascination in crypto, and the price action of NEIRO lately has interested traders and enthusiasts. Eerily similar to the rise of PEPE earlier this year, NEIRO has soared, reaching new all-time highs and surpassing a key market cap milestone.
According to crypto trader Eugene Ng Ah Sio, the price and volume patterns exhibited by NEIRO are strikingly similar to PEPE’s initial rally in February 2023.
Ng Ah Sio notes that NEIRO has seen “absolutely monstrous price and volume candles” while still trading under the $1 billion market cap. This, he says, is “eerily similar” to PEPE’s run-up, which caught many traders off guard.
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The NEIRO Community’s Unwavering Faith
The NEIRO community has displayed an unwavering commitment to the project. Trader Emily’s Review declared that she “won’t leave $Neiro for years” as the community is her “family.” This level of loyalty and belief in the meme coin’s potential has been a key driver in its recent price surge.
Moreover, she views Neiro’s recent achievement of a new ATH and reaching a $1 billion market cap as just the beginning.
Emily encourages others not to “think small” and suggests that Neiro’s goal should be to become the “new Doge,” referencing Dogecoin’s $80 billion ATH. Overall, Emily’s tweet conveys her support and high expectations for Neiro’s future growth and success.
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NEIRO Price Breaks Out
Crypto expert Posty also expresses optimism about Neiro’s recent performance. He notes that Neiro has just broken out of a “falling wedge” pattern, which is typically a bullish signal.
Posty mentions that Neiro has experienced a 50% correction followed by a 2x pump in just 4 days, indicating volatility.
Despite this, he is “expecting much higher” prices for Neiro in the coming months. Posty’s tweet suggests that he believes Neiro has the potential for further upside, as it has now reached nearly a $1 billion market capitalization.
Binance’s Generous Leverage
One factor that may be contributing to NEIRO’s meteoric rise is the generous leverage offered by Binance. Ng Ah Sio also noted that NEIRO has the “most generous leverage across all memecoins” on the platform, potentially fueling the coin’s rapid price movements.
At press time, with a price of $0.002379, NEIRO witnessed a 13.84% rise in the last day.
This bullish momentum has been evident over the week too. The meme coin has increased 58.58% over the past week, according to CoinGecko data.
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