Market Overview for Neiro Ethereum/Tether (NEIROUSDT)

• Price opened at $0.00018463 and closed at $0.00019233, surging over 4% in 24 hours.
• A strong 15-minute bullish breakout pushed the high to $0.00019753, followed by consolidation and pullback.
• Volume spiked sharply during the breakout, with over $2.57 billion traded at the high point.
• RSI entered overbought territory mid-day, suggesting potential near-term profit-taking.
• Bollinger Bands widened early, signaling heightened volatility, but prices later consolidated near the midline.

Neiro Ethereum/Tether (NEIROUSDT) opened at $0.00018463 on October 23 at 12:00 ET and closed at $0.00019233 on October 24 at the same time. The 24-hour high was $0.00019753, and the low was $0.00018354. Total traded volume reached 12.62 billion USDT, with a notional turnover of approximately $2.38 billion, indicating strong liquidity and investor interest.

Structure and formations reveal a powerful bullish impulse on the 15-minute chart, with a key support zone forming around $0.000185–0.000186 and a dynamic resistance at $0.00019753. A bullish engulfing pattern emerged around 04:30 ET, marking a turning point in sentiment. A doji later formed at $0.00019351, suggesting indecision after the sharp rally.

The 20-period and 50-period moving averages on the 15-minute chart crossed to the bullish side, aligning with the overall upswing. On the daily chart, the 50/100/200 SMA structure appears supportive, with price well above all three, reinforcing a continuation case.

Relative Strength Index (RSI) reached overbought levels (70+), peaking at 78 during the breakout. This suggests exhaustion in the immediate bullish momentum and raises the probability of a near-term pullback. The MACD indicator turned positive during the rally, with the histogram expanding to reflect growing bullish momentum before stabilizing.

Bollinger Bands exhibited a wide expansion at the start of the rally, with prices pushing above the upper band, indicating heightened volatility. By the end of the 24-hour window, price consolidated closer to the midline, suggesting a possible pause in the aggressive move.

Volume and turnover surged significantly during the breakout, particularly around $0.00019753, where $2.57 billion was traded. This aligns with the price action and provides confirmation of strength in the move. However, a divergence appears in the late session as price pulled back while volume remained elevated, hinting at possible profit-taking or distribution.

Applying Fibonacci retracement to the key 15-minute swing from $0.00018354 to $0.00019753, the 61.8% level sits at $0.00019128—very close to the current close—suggesting a technical pause. The 38.2% level at $0.00018965 may also serve as a potential support if the rally continues to test it.

Backtest Hypothesis

The requested backtest strategy involves using the 14-period RSI to generate buy signals on crossovers above 70 and sell signals on crossovers below 70. While NEIROUSDT displayed a strong overbought condition today with RSI peaking near 78, the data service reported an issue recognizing the ticker, likely due to its rarity or misformatting. To ensure accuracy, please confirm the exact trading pair (e.g., NEARUSDT) and preferred sampling frequency (15-minute, 1-hour, etc.). A 14-period RSI is standard and acceptable, but alternative periods can be considered if preferred. Once the correct data is confirmed, the backtest can proceed to evaluate the performance of this momentum-based strategy.