Market Overview for Neiro Ethereum/Yen (NEIROJPY) – 2025-10-12

• Price dipped to a 24-hour low of 0.02598 before rebounding to a late-night high of 0.02981.
• Late-day volume surged to over 22 million, confirming a sharp Yen-based rally.
• Overbought RSI and wide Bollinger Bands suggest high volatility remains embedded in NEIROJPY.
• Key resistance appears to be forming near 0.02981, with support at 0.02766 showing resilience.
• Turnover and price action diverged in early morning, signaling potential consolidation ahead.

The Neiro Ethereum/Yen (NEIROJPY) pair opened at 0.0278 on 2025-10-11 at 12:00 ET and closed at 0.02738 one day later. During the 24-hour window, it reached a high of 0.02981 and a low of 0.02598, representing a broad intraday range of nearly 0.0038. Total volume traded was 140,358,543.0 units, while total turnover (volume × average price) stood at approximately 3,963,655.6 JPY-equivalent, indicating a sharp rise in liquidity during the late session.

The 15-minute OHLCV data shows a distinct bearish breakdown early on, followed by a strong bullish reversal in the overnight session. A key 15-minute bullish engulfing pattern formed at 2025-1012 05:3000, confirming a potential trend reversal. Meanwhile, a doji at 2025-1012 02:3000 signaled indecision and preceded a sharp drop. Notable resistance appears at 0.02981, with support clustering near 0.02766 and 0.02698. A 61.8% Fibonacci retracement from the morning selloff aligns closely with the 0.02766 level.

The 20-period and 50-period moving averages on the 15-minute chart crossed during the early morning hours, suggesting a potential shift in short-term sentiment. While the 50-period MA held above the 20-period MA during the bearish phase, the crossing back below signaled bearish momentum. On the daily timeframe, the 50-period MA sits above the 100- and 200-period lines, maintaining a bullish bias for the broader trend. MACD showed a bearish crossover early in the session, but the histogram reversed to positive territory by late night, confirming the bullish reversal. RSI peaked above 70 in the late session, indicating overbought conditions, while it bottomed near 25 during the selloff, suggesting oversold conditions.

Bollinger Bands widened significantly during the morning selloff and began to contract in the overnight session, indicating a potential period of consolidation. Price hovered near the upper band in the final hours of the 24-hour period, suggesting a strong bullish momentum. A contraction in the bands may set up for a breakout in either direction, though the recent bullish reversal gives more weight to a potential upward move. Volume spiked during the late-night rally, particularly around 2025-1012 15:4500 and 16:0000, where NEIROJPY pushed above the 0.02981 high. This volume confirms the strength of the rally and may suggest further upside, but traders should remain cautious about potential overbought conditions and a potential pullback.

Backtest Hypothesis
A potential high-probability trading strategy could involve entering a long position on a bullish engulfing pattern confirmation, such as the one observed at 2025-1012 05:3000, with a stop-loss placed below the recent support at 0.02766 and a take-profit aligned with the 61.8% Fibonacci level near 0.02981. This setup could be tested using a 15-minute timeframe and evaluated for risk-adjusted returns over similar market conditions. Integrating MACD divergence and RSI overbought/oversold levels could help filter low-probability entries and refine the strategy's entry and exit signals.