Market Overview for Neiro Ethereum/Tether (NEIROUSDT) – 24-Hour Performance

• Price surged from $0.000354 to $0.000377, marking a bullish breakout in early trading.
• High volume confirmed the upward trend, with over $1.09 billion in turnover.
• RSI reached overbought territory, suggesting potential short-term pullback risk.
• Bollinger Bands expanded, reflecting heightened volatility in the last 8 hours.
• Key support held at $0.000350–0.000352, reinforcing bullish case for near-term buyers.

Neiro Ethereum/Tether (NEIROUSDT) opened at $0.000354 on 2025-09-17 at 12:00 ET and surged to a high of $0.000378 before closing at $0.000374 on 2025-09-18 at the same hour. The pair traded between $0.000350 and $0.000378 over the 24-hour period, with a total volume of 14,417,192,578 and notional turnover of $5,342,074,784. The price action reflects a strong bullish reversal from bearish momentum.

Structure & Formations

The 15-minute chart revealed a strong bullish breakout forming around $0.000357–0.000359, followed by a continuation of the rally with a key resistance forming at $0.000378. A large bullish engulfing pattern emerged between 18:30 and 19:00 ET, confirming a shift in momentum. Notably, a doji appeared at $0.000374–0.000375 around 03:45 ET, signaling potential consolidation. Key support levels at $0.000350 and $0.000352 held firm through the session, preventing a significant reversal.

Moving Averages

On the 15-minute chart, the price has decisively moved above both the 20 and 50 EMA lines, indicating strong short-term bullish bias. The 20 EMA is currently at approximately $0.000370, while the 50 EMA rests around $0.000368. On the daily chart, the 50 and 100 EMA lines are converging near $0.000364–0.000366, and the 200 EMA remains a strong support level at $0.000361, suggesting the pair is firmly in a multi-day bullish trend.

MACD & RSI

The MACD line crossed above the signal line with a bullish divergence in the last 4 hours, indicating strengthening momentum. The histogram shows expanding bullish bars, reinforcing the view of a continuing upward move. RSI reached 72–75 in the final 2 hours of the session, suggesting overbought conditions and a possible short-term correction. However, the fact that RSI has not topped above 80 implies that the trend may not be exhausted yet.

Bollinger Bands

Volatility increased significantly after 19:00 ET, with Bollinger Bands expanding and the price trading near the upper band. This indicates a continuation of the bullish phase and suggests traders are taking aggressive long positions. The price has remained above the 20-period moving average within the upper band, indicating that traders are comfortable taking on risk.

Volume & Turnover

Volume surged to over 1.44 billion in the past 24 hours, with the largest spike occurring at 18:15 ET when $4.76 billion in turnover was recorded. This volume spike coincided with a sharp move from $0.000350 to $0.000359 and confirmed the breakout. Price and turnover are aligned, with no significant divergence observed. The overall increase in both volume and turnover supports the bullish case and indicates a healthy accumulation phase.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from $0.000350 to $0.000378, the 38.2% and 61.8% retracement levels now align with key price action. The 61.8% level is near $0.000369, where the pair paused briefly before resuming the upward trend. On the daily chart, the 50% retracement level is at $0.000363, which has acted as a pivot point in the current bullish phase.

Backtest Hypothesis

Given the strong alignment of the 20 and 50 EMA with bullish price action, a backtest strategy could be based on a dynamic moving average crossover system on the 15-minute chart. Traders could go long when the 20 EMA crosses above the 50 EMA and close positions when the 20 EMA dips below. Stop-loss levels can be placed just below key support at $0.000350–0.000352, while profit targets align with the 61.8% Fibonacci level and the upper Bollinger Band. The recent MACD divergence and RSI overbought readings suggest a potential short-term correction, making this strategy well-suited for a short-to-medium-term, momentum-based approach.