The cryptocurrency market is often rife with surprises and sudden shifts, and amidst the current confusion, crypto whales have potentially identified the next big meme coin. NEIRO, a meme coin that’s gaining traction, is being compared to PEPE, with speculations of it soaring by 100% in the near future.
The Surge of NEIRO: Insights from Experts
On October 11, 2024, Lookonchain, a renowned blockchain-based transactions tracker, made an intriguing announcement on X (formerly Twitter). The founder of a prominent trading firm made headlines by acquiring an impressive 0.4% of NEIRO’s circulating supply. This move has piqued the interest of many in the crypto community.
Additionally, one of the founder’s wallets executed a significant withdrawal of 4.06 million NEIRO meme coins, valued at $314,000, from the Bybit crypto exchange, just 13 hours prior to the announcement. This action was accompanied by a bold statement: “NEIRO will be the next PEPE,” signaling confidence in NEIRO’s potential growth.
It’s not just this founder showing interest; other major players in the crypto industry, such as Wintermute, GSRMarkets, and AurosGlobal, have also been accumulating NEIRO. Wintermute now holds 42.63 million NEIRO, valued at $3.27 million, while GSRMarkets has acquired 15 million NEIRO worth $1 million, and AurosGlobal holds 2.6 million NEIRO, valued at $200,000. These substantial acquisitions suggest a growing intrigue around NEIRO’s potential.
NEIRO Technical Analysis and Market Projections
Delving into the technical analysis, NEIRO presents a bullish outlook and is currently facing a crucial resistance level at $0.10. Despite several attempts in recent days to break this threshold, NEIRO has yet to succeed. However, with the prevailing bullish sentiment in the market, experts are optimistic about NEIRO’s prospects of overcoming this challenge.
Market analysis indicates that if NEIRO manages to break and close a daily candle above the $0.106 level, it could potentially surge by an additional 45%, reaching the $0.15 mark in the forthcoming days. This anticipated growth is drawing considerable attention from traders and investors alike.
Evaluating Current Price Momentum
As of the latest data, NEIRO is trading near the $0.090 level, showcasing an impressive price surge of over 50% in just 24 hours. This surge has been accompanied by a remarkable 340% increase in trading volume, reflecting heightened participation from both traders and investors.
The buzz surrounding NEIRO in the cryptocurrency market is undeniable. With significant interest from crypto whales and bullish technical indicators, NEIRO is positioning itself as a potential game-changer in the meme coin landscape. As the market watches closely, only time will tell if NEIRO truly becomes the next big thing, akin to the rise of PEPE.
