Market Overview for Neiro Ethereum/Tether

Summary
• Price tested key support levels near 0.00012700 and formed bearish reversal patterns.
• RSI moved into oversold territory, suggesting possible near-term buying interest.
• Bollinger Bands narrowed, indicating low volatility ahead of a potential breakout.
• Volume surged in the last 6 hours, confirming bearish momentum.

Neiro Ethereum/Tether (NEIROUSDT) opened at 0.00013202 on 2025-12-13 12:00 ET, peaked at 0.00013299, and closed at 0.00012664 on 2025-12-14 12:00 ET. The 24-hour volume was 11,041,848,120.0, with total notional turnover of ~$1,425,730.

Structure & Formations

Price

formed a bearish engulfing pattern around 0.00013255 and a hanging man near 0.00013146, suggesting weakening bullish conviction. The 0.00012700–0.00012750 range emerged as a potential support zone.

Moving Averages and Momentum

On the 5-minute chart, the 20-period MA dipped below the 50-period MA, reinforcing bearish bias. The 50-period MA on daily data also fell below the 200-period MA, suggesting a longer-term downtrend. RSI hit oversold territory (30), hinting at possible short-covering or a bounce.

Volatility and Volume

Bollinger Bands tightened in the last 12 hours, pointing to a potential breakout. Volume spiked in the last 6 hours, aligning with the sharp price drop below 0.00012800. Notional turnover mirrored volume trends, confirming bearish momentum.

Fibonacci Retracements

The 61.8% Fibonacci retracement level of the 0.00013200–0.00013299 rally sat at 0.00013236, which was decisively broken. The 38.2% level at 0.00013212 held briefly but failed to arrest the decline.

The market may consolidate near the 0.00012700–0.00012750 support range ahead of a potential short-term rebound. Traders should watch for a break above 0.00012850 as a potential sign of near-term stabilization. As always, a sudden increase in volume or positive macro news could reverse the bearish bias.