Market Overview for Neiro Ethereum/Tether (NEIROUSDT)

• Price surged 10.3% from $0.00020235 to $0.00020239 amid increased volatility and volume.
• Momentum diverged in late hours as RSI flattened near 55, while MACD remained positive.
• Volume spiked to $5.3B in early AM ET, but price failed to break above $0.00020255.
• Bollinger Bands widened, indicating higher volatility, with price consolidating near the upper band.
• A potential bullish continuation pattern emerged after a failed short-term bearish test in the 15-minute chart.

The NEIROUSDT pair opened at $0.00020235 on 2025-10-13 at 12:00 ET and closed at $0.00020239 on 2025-10-14 at 12:00 ET. The 24-hour high reached $0.00020798, while the low was at $0.00018912. Notional turnover was approximately $35.7B with total volume traded at 191,357,590,602 contracts. The price action featured a strong morning rally, followed by consolidation and a late sell-off before the closing hour.

Structure & Formations

Price carved out a complex structure over the 24-hour period, forming a key support level around $0.00019816 (lower Bollinger Band) and a resistance at $0.00020255, which was tested twice without a clear breakout. A bullish engulfing pattern formed in the early morning hours but fizzled in late ET time. Multiple doji candles in the afternoon suggested indecision among traders, particularly between $0.00019900 and $0.00020150.

Moving Averages

On the 15-minute chart, NEIROUSDT crossed above the 50-period moving average during the morning surge and held above it for most of the session, suggesting short-term bullish bias. The 20-period line acted as a dynamic support near $0.00019800 during the consolidation phase. Daily moving averages indicate a slightly bullish stance with the 50-period line at $0.00019950, the 100-period at $0.00019850, and the 200-period at $0.00019700.

MACD & RSI

The MACD remained positive for most of the session, with a histogram divergence observed in the late hours, indicating weakening bullish momentum. RSI moved from overbought (>65) to neutral territory (52–55), aligning with the price’s consolidation phase. A key RSI divergence from price occurred in the last 3 hours, where RSI flatlined while prices continued to fall, suggesting a possible bearish reversal.

Bollinger Bands

Volatility expanded significantly during the morning hours, with Bollinger Bands widening to a range of ~$0.00020350–$0.00019850. The price moved above the upper band briefly before returning to consolidation. A narrowing band began in the early AM hours, signaling a potential reversal or breakout. Price action remained within the band for the remainder of the session, but with increasing tension near the upper edge.

Volume & Turnover

Volume and notional turnover surged between 19:00 and 20:15 ET, peaking at $5.3B in notional value. This was followed by a sharp decline in volume despite continued price movement, indicating potential exhaustion. A divergence between price and volume occurred in the last 15 minutes before close, with volume dropping to $1.4B while prices fell by ~0.3%. This suggests weak conviction behind the bearish move.

Fibonacci Retracements

The 15-minute chart shows a key 61.8% retracement at $0.00020255, which acted as a resistance level during the morning rally and again in the afternoon. On the daily chart, the 38.2% retracement level at $0.00019950 provided support during the afternoon and early AM consolidation phase. A 61.8% retracement at $0.00019700 is currently untested but could serve as a key psychological level if volatility increases further.

Backtest Hypothesis

Given the recent emergence of the Bullish Engulfing pattern, a backtesting strategy could be constructed to evaluate its predictive power in NEIROUSDT. This pattern, identified during the morning rally, suggests a potential reversal after a bearish phase. A hypothetical 3-day holding strategy from pattern confirmation would involve entering long on the close of the engulfing candle, with a stop-loss placed at the pattern’s low and a take-profit at 1.618 times the pattern’s range. While the pattern failed to hold in this specific case, it could serve as a useful signal when combined with volume confirmation and RSI levels. Future testing would require accurate historical pattern data to validate the strategy’s robustness over a longer period.