Neiro Ethereum

Date: Fri, Oct 11, 2024, 09:30 AM GMTIn the cryptocurrency market today, Neiro Ethereum (NEIRO) has made headlines with an impressive surge of over 50% in just 24 hours, signaling a solid recovery for this popular memecoin.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/27d791a974d140748109d007b0e5b186.png" />Source: Coinmarketcap<h2 id="header-0">Large Buying&#39;s:</h2>The primary catalyst behind this rally is significant buying activity from large institutions and whales. According to a fresh report from <a href="https://x.com/spotonchain/status/1844661078787330433" rel="noopener noreferrer nofollow">Spotonchain</a>, several notable purchases have been made in the last 3 days leading up to this price jump:1.GSR Markets accumulated 15 million NEIRO tokens for approximately $939,000, which has now risen in value to $1.17 million just three days ago.2.bwecapital.eth (&#64;Vida_BWE) withdrew 4.065 million NEIRO ($298,000) from Bybit just nine hours ago.3.A new whale, identified as 0xa1d, exchanged 158.44 ETH (worth about $375,000) for 5.15 million NEIRO tokens just ten hours ago.4.Another whale, 0x00d, swapped $309,000 worth of ETH and “First Neiro on Ethereum” for 5.114 million NEIRO tokens approximately 20 hours ago.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/255dc01a4ee34cc697221fe1374a4e6c.png" />Source: Spotonchain (X)These large-scale purchases have certainly fueled the rise in NEIRO&#39;s price.<h2 id="header-1">What’s Ahead for NEIRO?</h2>At the time of writing, NEIRO is trading at $0.084. It has rallied significantly since finding support at a symmetrical triangle pattern trendline around $0.055.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/6a5c7d9f4711498dbac923231d94805e.png" />As momentum builds, NEIRO could target its next resistance level of $0.096, representing an 11% upside from the current price. However, traders should be aware that a slight correction may occur as profit-taking kicks in.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.Also Read: <a href="https://coinsprobe.com/short-term-trader-activity-rises-in-doge-shib-and-pepe-memecoins/" rel="noopener noreferrer nofollow">Short-Term Trader Activity Rises in DOGE, SHIB, and PEPE Memecoins.</a>

Neiro Ethereum (NEIRO) Surges Higher Following Major Buying from Institutions and Whales

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