Market Overview for Neiro Ethereum/Yen (NEIROJPY) on 2025-11-14

Summary
• Price opened at 0.02446 and closed at 0.02261, down 7.17%.
• A key support at 0.02313 and resistance at 0.02347 are in play.
• High volatility and declining RSI suggest oversold conditions.

Neiro Ethereum/Yen (NEIROJPY) opened at 0.02446 on 2025-11-13 12:00 ET, hit a high of 0.02446 and a low of 0.02124, and closed at 0.02261 on 2025-11-14 12:00 ET. Total volume was 25,634,948.0 and turnover amounted to approximately 594,862.0 units during the 24-hour window.

Structure & Formations

Price action shows multiple bearish reversal patterns, including a notable bearish engulfing at 0.02313–0.02297 and a potential hammer at 0.02347–0.0232. A strong support is forming near 0.02313, with resistance appearing at 0.02347–0.0235.

Moving Averages

On the 15-minute chart, NEIROJPY is below both the 20-period and 50-period SMAs, confirming a short-term downtrend. The 50-period SMA at 0.02320 may act as a near-term support. Longer-term (daily) 200-period SMA at 0.02350 appears as a key resistance and trend line.

MACD & RSI

MACD lines are negative and declining, reinforcing bearish momentum. RSI is at 27–29, signaling oversold conditions but lacks immediate reversal signs. While oversold, no strong bullish divergence is present, suggesting further downward pressure could persist.

Bollinger Bands

Volatility has expanded, with the 15-minute Bollinger Bands widening significantly during the drop to 0.02124. Price closed near the lower band, which could trigger short-term bounce, but bearish pressure may keep it below mid-band levels.

Volume & Turnover

Volume spiked during the sharp decline to 0.02124, confirming bearish strength. However, recent volume has softened, suggesting potential exhaustion. Turnover closely mirrors price action, with no notable divergence at this time.

Fibonacci Retracements

On the 15-minute chart, the 61.8% retracement of the recent rally to 0.02347 is at 0.02313, aligning with a key support level. The daily chart’s 61.8% retracement from the recent high is near 0.02305, also forming part of the immediate support cluster.

Backtest Hypothesis

The backtest explored a strategy based on RSI-oversold entries and a fixed 3-day exit. Despite frequent signals, the results showed a modest 0.95% cumulative gain since 2022, with a 49% maximum drawdown and a Sharpe ratio of 0.25. This suggests the strategy lacks durability for NEIROJPY. Improvements could include adding trend or volatility filters, or integrating stop-loss and take-profit rules.