Neiro Ethereum Price Prediction: NEIRO Plunges 14% As This P2E Dogecoin Charges Past $6 Million

The Neiro Ethereum price plunged 14% in the last 24 hours to trade at $0.2321 as of 00:40 a.m. EST, with trading volume dropping 18% to $39 million.

From its launch on July 28, Neiro Ethereum has continued to surge to the top of the meme charts and is now the 17th largest meme coin by market capitalization.

Can Neiro Ethereum continue with this momentum to push into the top 10 meme coins list?

Neiro Ethereum Price Aims For A Continued Rally

The Neiro Ethereum price has been on a tear since its launch, soaring to 4,273% to the current price, according to data from GeckoTerminal . 

Although NEIRO experienced a slight dip on Aug. 2, pushing the price down to the $0.09 support, the bulls have shown resilience. The Neiro Ethereum price bulls have been able to push the price through a markup phase and within a rising channel pattern.

Optimistic investors aim to capitalize on the pattern to push the price through a sustained bullish rally.

NEIRO still trades above the 50-day Simple Moving Average (SMA), which supports the bullish sentiment.

However, the Relative Strength Index (RSI) trades down, currently at 53, which suggests that earlier investors may be booking profits. This coincides with the current price drop below the lower boundary of the channel.

According to the Neiro Ethereum price analysis on the 4-hour chart, the token is in a sustained bullish trend, which will continue if the bulls capitalize on the rising channel pattern.

If the momentum continues, the price of Neiro Ethereum could soar above the channel, as the bulls target $0.40.

However, the RSI shows that investors are now selling. If this continues, NEIRO could plunge to the immediate support zone at $0.189 (50-day SMA).