Market Overview for Neiro Ethereum/Yen (NEIROJPY): 2025-09-25

• • NEIROJPY declined over 24 hours, closing at 0.04141 after an early morning dip to 0.04086.
• • Momentum weakened with RSI near oversold levels and MACD bearish divergence observed.
• • Volatility increased as price dropped below key support levels with Bollinger Band contraction.
• • Volume spiked during the overnight decline, confirming bearish continuation but no strong reversal signs.

Neiro Ethereum/Yen (NEIROJPY) opened at 0.04374 on 2025-09-24 at 12:00 ET, peaked at 0.04374, dropped to 0.04086, and closed at 0.04141 on 2025-09-25 at 12:00 ET. Total volume was 99,976,280.0 units, with a notional turnover of approximately ¥4,294,000 (calculated using average close price).

Structure & Formations

Over the 24-hour period, NEIROJPY formed a clear bearish trend, dropping below multiple prior support levels, including 0.0420 and 0.0425. Notable bearish candlestick patterns included long lower shadows and marubozu patterns during the early morning dip, particularly around 05:00–06:00 ET. A bearish engulfing pattern appeared at the start of the decline around 22:00–22:15 ET, signaling a potential continuation of downward momentum. The price has also tested the 0.0415 and 0.04141 levels as new support zones.

Moving Averages

The 15-minute chart shows the price closing below both the 20-EMA and 50-EMA, reinforcing the bearish momentum. The 50-EMA is currently at around 0.0418, while the 100- and 200-day EMAs are at higher levels (0.0425 and 0.0427, respectively). This indicates that the price has fallen significantly below its longer-term trend lines, increasing the likelihood of continued bearish pressure in the near term.

MACD & RSI

The MACD line turned negative in the early morning hours and continued to decline, forming a bearish divergence with price. The histogram showed a broadening bearish signal as the price dropped. RSI reached a 15-minute low of 23 during the morning hours, nearing oversold territory, though this did not trigger a significant rebound. This suggests that sellers remain in control, and any bounce is likely to be limited.

Bollinger Bands

Volatility expanded during the overnight hours as the price dropped to a 24-hour low of 0.04086, pushing it close to the lower Bollinger Band. The band width widened from 0.00018 to 0.00025 during the decline, indicating increased uncertainty and risk of continued bearish movement. The price has not yet broken below the 0.04086 level, which could act as a new support if it holds.

Volume & Turnover

Volume spiked during the morning decline, particularly between 01:45–02:00 ET and 05:00–06:15 ET, confirming the bearish continuation. The total volume was highest during these periods, with over 11 million units traded in the 01:45–02:00 ET period and over 6 million units in the early morning hours. Notional turnover mirrored these patterns, with higher values during the strongest downward moves. No significant divergence between volume and price was observed during the decline.

Fibonacci Retracements

Using the recent 15-minute swing from 0.04374 to 0.04086, the 61.8% Fibonacci retracement level is at 0.04169, which the price tested around 05:45–06:15 ET before continuing its decline. The 38.2% level is at 0.04261, and the price remains well below that level. On the daily chart, the 61.8% retracement of the broader move is at 0.0413, now acting as a key support level.

Backtest Hypothesis

Given the bearish momentum and the price falling below key moving averages and Fibonacci levels, a potential backtesting strategy could involve a short entry at 0.0418 with a stop above 0.0425 and a target at 0.0408. This aligns with the bearish engulfing and marubozu patterns observed during the early morning decline. The strategy would aim to capture the continuation of the bearish trend while protecting capital with a defined stop loss.