Is It Too Late To Buy NEIRO? Neiro Price Skyrockets 35%

The Neiro price skyrocketed 35% in the last 24 hours to trade at $0.0001169 as of 08:51 p.m. EST on trading volume that rose 22% to $36 million.

NEIRO continues attracting investors, surging 2,328% in the last seven days, according to Coingecko . 

Neiro Price Prediction: NEIRO Aims For A Continued Bullish Rally

The Neiro price was trading in a consolidation phase within the $0.0000060 range from the beginning of August. In the last two days, the bulls won the struggle for dominance, as the price of Neiro soared through a markup phase to the $0.000147 resistance.

In the 24 hours, the Neiro price movements have formed a symmetrical triangle pattern, with the bulls aiming for a breakout above the patter.

NEIROUSD Chart Analysis (Source: GeckoTerminal )

NEIRO trades well above both the 50 and 200 Simple Moving Averages (SMAs) on the hourly chart, an indication that the price is on a sustained uptrend.

Moreover, the Relative Strength Index (RSI) seems to be rebounding from the 50-midline level, currently at 57, which shows that buying pressure is building up at the current level.

If the buying continues, the Neiro price could soar over the triangle, as the bulls currently target $0.0001792 in the short term. The 50 SMA also crossed above the 200 SMA to form a golden cross around $0.0000060, further adding to the asset’s bullish prospects.

However, if the bears push the price at this level to breach the lower boundary of the triangle, NEIRO could plunge back to the $0.0000745 (50 SMA).