NEIRO Price Climbs 929% After Binance’s Unexpected Move – Will It Break $1?

Over the past 24 hours, the NEIRO price has seen a 7.47% decline, making it one of the worst affected by an average 0.91% decline among meme coins.

Despite today’s loss, NEIRO is making headway within the meme coin space, bolstered by an unexpected Binance listing that has boosted its recent popularity.

Today’s loss is part of a significant 57.02% correction since last Tuesday, as traders took profits on Neiro’s monumental rise, and late joiners succumbed to unrealized losses amid sell-off pressure.

Neiro is still seeing significant activity, with its trading volume up 9.20% to $123 million over the past 24 hours, indicating strong investor interest despite recent price fluctuations.

NEIRO Price Analysis: Will NEIRO Break $1?

Upon closer inspection of the NEIRO chart, it seems that it is currently struggling to find its footing.

NEIRO / USDT 1H chart, strong resistance. Source: Binance.

After a breakout from a bullish double-bottom pattern, NEIRO was propelled above the resistance at $0.0004025. However, it appears that its momentum was too weak to affirm a decisive break, quickly plummeting back below it.

The Relative Strength Index (RSI) is displaying strength; despite recent downward momentum, it has maintained its position in bullish territory above the neutral line, currently at 60.

In contrast, a Chaikin Money Flow (CMF) of -0.5 suggests that, despite the bullish sentiment indicated by the RSI, there is still strong underlying selling pressure that could impact future price movements.

However, this is all typical of a correction following such a monumental rise. Significant near-term volatility, and more downside, are expected while NEIRO finds its footing and weaker hands exit the market before it can commit to its next decisive move.

Therefore, a $1 valuation seems a far cry right now, at least until NEIRO establishes its footing and proves itself to have real staying power.

As a hype-driven meme coin with no real fundamentals of its own, its hype is fading. However, the underlying community around NEIRO remains strong, with 74% expressing bullishness on the asset, according to CoinMarketCap data .

The NEIRO price may wane in the near term, but its community gives it a leg to stand on.

You’re Early on This Emerging Opportunity

It seems that the ship has sailed on NEIRO’s recent explosive growth. It is unrealistic to expect another 10x, at least in the near term.

Therefore, investors looking for huge gains potential may find a strategic advantage in diversifying into newer low-cap meme coins that have the potential to rally exponentially .

Notably, Memebet Casino’s $MEMEBET token presale is off to a strong start, raising almost $250,000 for its new Telegram-based betting platform pioneering meme coins betting.

Crypto enthusiasts are excited about the platform, which offers high stakes, a global sportsbook featuring major leagues like EPL and NBA, and a wide range of crypto-native games .

It is designed specifically with degens in mind, which is precisely why it has quickly attracted substantial capital, including $50,000 whale purchase .

While other meme coins like Dogecoin, Pepe, Shiba Inu, and Floki – with more on the way – can be used for wagers, the $MEMEBET token is central to the ecosystem and is the only one that enhances the gaming experience for every degen player.

Using $MEMEBET tokens unlocks a range of benefits, including airdrop rewards, special degen bonuses, and access to the upcoming Memebet Casino Lootboxes, featuring real-world prizes and valuable casino bonuses.

Furthermore, Memebet Casino incorporates a play-to-earn (P2E) wagering element, offering higher rewards to players who wager more on the platform.

To stay updated on the latest news and developments about the project, join the Memebet community on X and Telegram .

Visit Memebet Casino