Market Overview for Neiro Ethereum/Tether (NEIROUSDT) – 2025-09-23

• Price declined intraday from 0.00029172 to 0.00028325, closing at 0.00028673.
• Momentum indicators suggest moderate bearish pressure, with RSI near neutral.
• Volatility remained elevated, with Bollinger Bands widening in the afternoon.
• Volume was strong in early morning and late afternoon, with turnover diverging in midday.
• A bullish reversal pattern emerged in late afternoon, suggesting short-term stabilisation.

Neiro Ethereum/Tether (NEIROUSDT) opened at 0.00029172 at 12:00 ET on 2025-09-22 and closed at 0.00028673 at 12:00 ET on 2025-09-23. The pair reached a high of 0.0002925 and a low of 0.00028183 during the 24-hour period. Total volume was 1688970491.0, while notional turnover reflected significant intraday volatility.

The 24-hour chart shows a bearish bias, with price declining into a key support level around 0.000283–0.000285. A bullish reversal pattern emerged in the final hours, with a closing candle near the upper end of the range, potentially indicating short-term stabilisation. Key support levels are at 0.000283 (61.8% Fibonacci retracement), and resistance is at 0.000289–0.000290 (38.2%–50% retracement level). A doji and a bullish engulfing pattern are also visible near 0.000285–0.000286, hinting at potential near-term buying interest.

The RSI has settled near the neutral zone of 50, indicating that while downward momentum is still present, it is moderating. The MACD histogram has flattened slightly from its earlier bearish peak, with the line crossing below the signal line, reinforcing the bearish outlook. However, the narrowing gap between the MACD lines suggests the bearish momentum is slowing.

Bollinger Bands widened during the afternoon session as volatility increased, with price touching the lower band near 0.000283 and rebounding in the evening. The 20-period moving average (15-minute chart) is bearishly aligned with the 50-period average, suggesting continued downward pressure unless a reversal occurs above 0.000288. The 200-period daily moving average is also bearishly aligned with the current price, indicating that the longer-term trend is still down.

Volume spiked in early morning and late afternoon, with midday volume significantly lower. Notional turnover diverged from price during the midday selloff, suggesting possible short-term stabilisation. The price action at 0.000285–0.000286 reflects accumulation pressure, and if volume picks up during the next 24 hours, a breakout above this level could trigger a rebound.

The Backtest Hypothesis would benefit from the observed Fibonacci levels and the RSI/RSV cross at the lower end of the range. A long-biased entry at 0.000284–0.000285, with a stop at 0.000282 and a target at 0.000290, is supported by the structure. This setup could be tested on the 15-minute timeframe with a daily volume filter of 300 million to ensure sufficient liquidity and reduce slippage risk.