The Neiro Solana price surged 45% in the last 24 hours to trade at $0.01199 as of 06:54 a.m. EST, with trading volume skyrocketing to $3 million.
NEIRO aims to follow a deluge of Neiro meme coins launched since the owner of Kabosu, the late Shiba Inu canine who birthed the Dogecoin meme coin, announced the adoption of a new Shiba Inu dog named Neiro.
Neiro Solana Price Set To Keep Rallying
According to data from GeckoTerminal , the Neiro Solana price has formed a double bottom pattern, as bulls aim to use the $0.010 resistance level to push the token up.
NEIRO has now surpassed both the 50 and 200 Simple Moving Averages (SMAs) on the 1-hour chart, which affirms the bullish trend.
Moreover, the Relative Strength Index (RSI) is soaring towards the 70-overbought region, which shows that the buying pressure is intensifying at this level.
The Moving Average Convergence Divergence (MACD) is also bullish, as it breaks past the neutral line. The blue MACD line also crossed above the orange signal line, which is generally seen as a representation of a bullish crossover.
With bullish prospects on the rise, the price of Neiro could soar to as high as $0.0160.
NEIROUSD Chart Analysis Source: GeckoTerminal.com
However, with the RSI showing that the asset is overvalued, bulls may take this as a selling signal. In this scenario, Neiro could plunge to the next support at $0.00920 (50 SMA).
