🌎 Neiro Meme Coin Surges 856% After Binance Listing Announcement

“First Neiro on Ethereum,” an Ethereum-based meme coin, is aiming to sustain the bullish momentum it achieved following the announcement of its listing on Binance.

Binance Listing Boosts Neiro

On September 16, Binance announced that it would list Neiro alongside two other assets on its spot trading platform. This news propelled the meme coin’s price to surge, resulting in a remarkable 856% intraday gain.

The crypto asset reached an all-time high of $0.00044012 on September 16. Although it encountered some resistance, which trimmed some gains, it managed to remain in positive territory.

Current Price and Market Performance

As of the latest update, Neiro has gained 22.69% over the past 24 hours and is trading at $0.00040359. The meme coin’s market cap has skyrocketed by 748% in the last seven days, reaching $166.76 million, with a 24-hour trading volume of $424.8 million.

Neiro currently sits above its upper Bollinger Band at $0.00028659. This position suggests a strong upward momentum but also indicates that the asset is in an overbought territory, which can signal a potential pullback or price correction.

Market Indicators and Potential Movements

Despite the overbought condition, market enthusiasm can sometimes sustain such levels for extended periods. The current major resistance is at $0.0004401. If Neiro maintains its momentum, further upward movement to these levels could be possible.

The Relative Strength Index (RSI) at 84.63 is well above the overbought threshold of 70. Typically, such a high RSI value could indicate that the asset might soon face downward pressure as traders might start taking profits.

On the downside, the critical pivot point is at $0.00015806, which would act as immediate support in case of any price drops. A break below this level could lead to a test of the far lower support at $0.00001442.