First Neiro On Ethereum

<p>Amid the ongoing price reversal across the cryptocurrency market, whales shifted their focus to the First Neiro On Ethereum (NEIRO). On October 7, 2024, blockchain transactions tracker <a href="https://x.com/spotonchain/status/1843110266692886573" target="_blank" rel="noopener noreferrer nofollow">Spotonchain</a> made a post on X (previously Twitter) highlighting that NEIRO’s largest holder made a big move as he purchased over 1.466 billion of NEIRO tokens worth $1.8 million.</p>  
<h2 class="wp-block-heading" id="h-neiro-whale-recent-activity"><strong>NEIRO Whale Recent Activity</strong></h2>  
<p>To accumulate this significant NEIRO, the whale has swapped over 190 billion of PEPE along with six Ethereum (ETH). It appears that the whale has made a notable profit by trading this newly listed meme token.</p>  
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://image.coinpedia.org/wp-content/uploads/2024/10/07203736/jddnvjdndcd.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/10/07203736/jddnvjdndcd.png" alt="" class="wp-image-361829" style="width: 100%;height:auto"></a>
 <figcaption class="wp-element-caption">
  Source: X (Previously Twitter)
 </figcaption>
</figure>  
<p>According to the data, between August 15, and September 26, 2024, this whale has traded NEIRO token three times and made a profit of over $825,000 with a win rate of 66.7%. However, with the recent purchase, the whale is currently making over $334,000, as NEIRO has soared significantly.&nbsp;</p>  
<h3 class="wp-block-heading" id="h-current-price-momentum-nbsp"><strong>Current Price Momentum&nbsp;</strong></h3>  
<p>At press time, NEIRO is trading near $0.001516 and has experienced a notable price surge of over 50% in the past 24 hours. During the same period, trader and investor participation has been steadily increasing with trading volume jumping by 405%, indicating positive sentiment among crypto enthusiasts.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-neiro-technical-analysis-and-upcoming-level"><strong>NEIRO Technical Analysis and Upcoming Level</strong></h2>  
<p>According to expert technical analysis, NEIRO appears super bullish and is poised for another major rally in the coming days. It recently broke out of a bullish flag and pole price action pattern and soared more than 65% in the past two days.</p>  
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/10/07203834/NEIROUSDT_2024-10-07_20-38-20.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/10/07203834/NEIROUSDT_2024-10-07_20-38-20-1024x448.png" alt="" class="wp-image-361830"></a>
 <figcaption class="wp-element-caption">
  Source: Trading View
 </figcaption>
</figure>  
<p>Based on data and historical price momentum, there is a strong possibility that <a href="https://coinpedia.org/crypto-live-news/whale-resurfaces-as-neiro-soars-48-in-24-hours/" rel="noopener noreferrer nofollow">NEIRO</a> could jump another 50% to reach the $0.00233 level in the coming days.</p>  
<h2 class="wp-block-heading" id="h-bullish-on-chain-metrics-nbsp"><strong>Bullish On-Chain Metrics&nbsp;</strong></h2>  
<p>This bullish outlook is further supported by on-chain metrics. According to the on-chain analytics firm Coinglass, NEIRO’s long/short ratio currently stands at 1.11, indicating a bullish market sentiment among traders.</p>  
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/10/07203857/djncjdcdicd.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/10/07203857/djncjdcdicd-1024x265.png" alt="" class="wp-image-361831"></a>
 <figcaption class="wp-element-caption">
  Source: Coinglass
 </figcaption>
</figure>  
<p>Additionally, NEIRO’s future open interest has skyrocketed by 135% in the past 24 hours, signaling growing interest from traders and hinting at the formation of notable long positions during this period. Currently, 52.62% of top traders hold long positions, while 47.38% hold short positions.</p>  
<p>Combining all these technical analyses and positive on-chain metrics, it appears that bulls are currently dominating the asset, which could lead to a further price surge in the coming days.</p>

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