- First Neiro On Ethereum (NEIRO) reached a new all-time high of $0.002496.
- The memecoin has been showing a consistent upward trend, with a 24-hour gain of over 22.5%.
Today, Bitcoin (BTC) held steady at around $76K during Asian trading hours on Friday after hitting an all-time high of $76,943. Other leading altcoins such as Ethereum (ETH), Solana (SOL), Cardano (ADA), and Chainlink (LINK) also landed in the green chart, with the overall Market Fear & Greed Index reaching 72 (greed) out of 100, as per CMC data.
Amid this surge, First Neiro On Ethereum (NEIRO), a relatively new memecoin, stole the spotlight, marking a 24-hour gain of over 22.5% and setting a new all-time high of $0.002496. This record-breaking performance surpassed its previous high, reached just a day earlier on November 7.
At the time of writing, NEIRO was trading at $0.002365 with a market cap of $994 million after dipping to an intraday low of $0.002046. The memecoin operates on the Ethereum blockchain and has gained attention for its community-driven nature and a total supply of 1 billion tokens. With no buy or sell tax and no team tokens, NEIRO aims to maintain a decentralized and user-focused approach, drawing comparisons to popular tokens like Dogecoin (DOGE).
While NEIRO made impressive strides, meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and others only saw modest gains between 1% and 3%.
NEIRO’s 24-Hour Technical Outlook
A closer look at NEIRO’s technical chart shows a steady upward trend, with the 9-day moving average crossing above the 21-day moving average—a bullish signal in technical analysis. The Chaikin Money Flow (CMF) at 0.27 suggests positive buying pressure, indicating more money flowing into the asset.
However, with an RSI of 80, NEIRO is showing signs of being overbought, which could lead to a price pullback. If this occurs, the memecoin could face initial support at $0.001636, potentially pushing the price down to $0.001239. Despite this, if the bullish momentum continues, the memecoin may push even higher, aiming for a new all-time high above $0.0025.
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