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Home»TRADING NEWS»Neiro Ethereum Price Plunges 40% in One Week, Investors Turn to This Native Meme Coin Offering 807% APY
TRADING NEWS

Neiro Ethereum Price Plunges 40% in One Week, Investors Turn to This Native Meme Coin Offering 807% APY

By Crypto FlexsAugust 22, 20245 Mins Read
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Neiro Ethereum Price Plunges 40% in One Week, Investors Turn to This Native Meme Coin Offering 807% APY
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Neiro Ethereum price Below After falling 1% over the past 24 hours, it has risen more than 40% over the past week to trade at $0.1364 as of 11:45 PM ET.

If we focus on a longer monthly time frame, we can see that the NEIRO price is consistently in the green at over 888%.

Neiro Ethereum price tries to break out of the downtrend channel

NEIRO chart image

4-hour chart of NEIRO/USD (Source: Gecko Terminal)

that nerves Ethereum price is trying to break out of the medium-term downtrend price channel and has recently entered a consolidation phase between $0.1172 and $0.1752.

If the meme coin continues to oscillate within this range for the next 24 hours, it may finally break out of the descending channel, which could lead to a big move in NEIRO.

If traders see the current levels of the cryptocurrency as a buying opportunity, the Neiro Ethereum price will probably try to turn the resistance level of $0.1752 into a support level.

After that, the cryptocurrency may have a technical basis to continue its upward trend over the next 24 hours. NEIRO may then rise to $0.2460 in the short term.

On the other hand, bears dominating the Neiro Ethereum price could result in the following outcomes: Same corner It is falling below the immediate support level of $0.1172.

This leaves the cryptocurrency at risk of crashing to at least $0.0657 in the coming days.

Technically, Neiro suggests Ethereum price could go either way

From a technical perspective, indicators on the 4-hour chart of NEIRO are sending mixed signals. On the one hand, the Relative Strength Index (RSI) shows that bears are gaining the upper hand over bulls. On the other hand, the Moving Average Convergence Divergence (MACD) indicator suggests that NEIRO is currently in a bullish trend.

Over the past few days, the RSI reading has dropped from 51 to the low 40s. Currently, the RSI is hovering below the 50 benchmark, which is a sign that sellers are stronger than buyers.

The bears also seem to be getting stronger, as evidenced by the negative slope of the RSI line. Traders can view this as a warning of an imminent decline in the Neiro Ethereum price.

The MACD line has also fallen towards the MACD signal line over the last 24 hours. However, the prior is above the latter, indicating that NEIRO is in a short-term positive trend.

With indicators sending mixed signals on the 4-hour chart of NEIRO, traders are likely waiting for a clear indication of the cryptocurrency’s next price action, which could come in the next 12 hours as the Neiro Ethereum price approaches the upper boundary of the medium-term downtrend channel.

While traders wait to see how the Neiro Ethereum price will react to the upper boundary of the price channel, investors are flocking to the Base meme coin. DAWGZ BaseWith YouTuber ClayBro 130k subscribers, “I’m going to be a millionaire”

A native meme coin that can be traversed between some of the largest chains 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 most meme coins on the market, Base Dawgz has cross-chain functionality, providing a high level of utility.

Based on wormholes and portal bridges, MemeCoin provides investors with the ability to seamlessly switch between the most active and fluid networks in the Web3 space.

The list of supported networks includes Avalanche, Ethereum, Solana, Binance Smart Chain, and the layer 2 network Base.

With multi-chain support, investors can participate in DeFi yield opportunities as soon as they emerge on any supported network.

The multi-chain presence that appeals to meme coin investors has excited popular crypto YouTuber ClayBro.Attractive staking rewards offered to early investors

Anyone who purchases and stakes DAWGZ during the ongoing presale period will earn 807% APY.

Investors are rushing to jump on this opportunity, as evidenced by the more than $2.9 million invested in MemeCoin’s ICO so far.

Approximately 37% of the token supply has already been staked.

GM $Dagz Welcome to a new week!

We’re so close to $3 million! Just push a little harder and we’ll get there 🪂 pic.twitter.com/PS9UGfwhMb

— BaseDawgz (@BaseDawgz) August 19, 2024

To earn these rewards, investors can earn Meme Coins through an easy-to-use widget embedded on the project website.

This cryptocurrency, which sells for $0.008173, is multi-chain and can be purchased using BASE, ETH, BNB, AVAX, or SOL.

The price increase is expected in about five days, so interested investors shouldn’t wait too long.

Purchase DAWGZ tokens on the official website here.

Related articles:

PlayDoge (PLAY) – The latest ICO on the BNB chain

Play-dodgePlay-dodge
  • 2D Virtual Dodge Pet
  • Play to earn Meme Coin Fusion
  • Staking and In-Game Token Rewards
  • SolidProof Thanks – playdoge.io

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