Market Overview for Neiro Ethereum/Yen (NEIROJPY) – 2025-09-20

• NEIROJPY saw a late bullish reversal after a 3.5% decline, closing near the day’s high.
• Key resistance appears at 0.05245, with support likely at 0.05165–0.05185.
• Volatility expanded during the overnight session, signaling a potential breakout.
• RSI showed divergence mid-day but closed in neutral territory.
• Volume surged during a 0.05163–0.05208 consolidation, indicating accumulation.

Market Open, Close, and Volume

Neiro Ethereum/Yen (NEIROJPY) opened at 0.05183 on 2025-09-19 12:00 ET and closed at 0.0525 on 2025-09-20 12:00 ET, reaching a high of 0.05283 and a low of 0.05134. Total volume over the 24-hour window was 165,024,637 Yen, with a notional turnover of approximately 8,314,590 Yen. The price action suggests a bearish consolidation followed by a sharp rally in the final hours of the reporting period.

Structure & Formations

The 24-hour price action shows a bearish trend followed by a strong bullish reversal in the final 3 hours, particularly between 15:00 and 16:00 ET. A notable bearish engulfing pattern appeared at 19:30 ET (0.05198), indicating a possible trend shift. A bullish hammer formed at 15:45 ET (0.05244), suggesting a potential support level at 0.05241. The price appears to have found key support at 0.05165–0.05185 and may test resistance at 0.05245–0.05271 in the coming session.

Moving Averages and Bollinger Bands

On the 15-minute chart, NEIROJPY closed above the 20-period and 50-period moving averages in the final candle, suggesting short-term bullish momentum. The 50-period MA at 0.05202 and the 20-period MA at 0.05217 were both pierced in the final hours. On the daily chart, the 50-period MA at 0.05185 appears to act as dynamic support. The Bollinger Bands expanded significantly overnight, with the price closing near the upper band, indicating heightened volatility and a possible continuation of the recent upward move.

MACD and RSI

The MACD crossed above zero mid-day, confirming bullish momentum, with the histogram expanding in the final 3 hours. The RSI rose from a mid-40s range to a neutral 54, indicating that the recent rally may not be overbought. A divergence in RSI appeared during the bearish phase but faded as the price rebounded, suggesting the bearish momentum was waning. The RSI may test the 55–60 range in the next 24 hours, with a potential overbought signal at 65.

Volume and Turnover

Volume spiked during the consolidation phase between 0.05163 and 0.05208, with a total of 10.2 million Yen traded during that range. The most recent bullish leg (0.05163–0.0524) saw a volume of 16.7 million Yen, confirming the move. Notional turnover also rose during the final 3 hours, suggesting strong accumulation and retail participation. No clear divergence between price and volume was observed, reinforcing the validity of the bullish reversal.

Fibonacci Retracements

A 61.8% Fibonacci retracement level at 0.05185–0.05208 appears to have acted as a key support area. The recent bullish rally reached the 38.2% level at 0.05241 and may test the 23.6% level at 0.05267 in the coming 24 hours. The 50% level at 0.05211 was briefly pierced but appears to be holding as a psychological level.

Backtest Hypothesis

A potential backtesting strategy could involve a breakout approach using the 20-period and 50-period moving averages as dynamic triggers, combined with a 61.8% Fibonacci retracement as a stop-loss reference. A long signal would be generated when the price closes above the 50-period MA after a consolidation phase, with the 61.8% level as a risk boundary. A 20-period MA crossover above the 50-period MA at 0.05202 in the final hours of this reporting period aligns with such a strategy. Given the recent volatility and the confirmation of the bullish move, this setup appears testable over the next 24 hours.

Outlook and Risk

NEIROJPY appears poised for a potential continuation of the recent bullish move, with key resistance at 0.05245–0.05271 and support at 0.05201–0.05185. However, traders should remain cautious of a potential pullback if the RSI rises into overbought territory or if volume wanes in the next session. A break above 0.05271 could confirm a broader bullish phase, while a close below 0.05201 could signal a short-term retracement.