Neiro Ethereum (NEIRO)

Neiro Ethereum (NEIRO)
Neiro Ethereum emerged as the top memecoin performer in August adding an impressive 771% to the portfolio of their investors. As per coinmarketcap.com, NEIRO was down nearly 10.1% a day and was exchanging hands close to $0.120.

Neiro Ethereum offers zero buy/sell tax and no team tokens, indicating a community driven approach. It aims to present itself as one of the top meme coins just like Dogecoin. It has a live market capitalization of $120.55 Million and ranks 300th in the cryptoverse.

Moreover, the daily transaction volume has dropped by 6% to $21.77 Million a day. The price action analysis highlights a long term bullish trend with a short pullback. As of now, NEIRO was hovering near the support of $0.116 level.

Now, if the bulls make a comeback and the price takes a rebound,, it may indicate a trend continuation and price may show gains. However, if NEIRO breaks below the support, it may indicate weakness in the short term and the price may incur losses.
Trend Analysis

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