Market Overview: Neiro Ethereum/Yen (NEIROJPY) 24-Hour Analysis

• Price declined from a 24-hour high of 0.04169 to a close of 0.04058.
• RSI hit oversold territory near 25, suggesting potential for a rebound.
• Volatility expanded as Bollinger Bands widened post-0.0415.
• Volume spiked above 1.5M near 0.04117 but failed to hold the level.
• A bullish engulfing pattern formed at 0.04058–0.04066, indicating short-term buying pressure.

24-Hour Summary

Neiro Ethereum/Yen (NEIROJPY) opened at 0.04066 on 2025-09-26 at 12:00 ET, surged to a high of 0.04169, and closed at 0.04058 on 2025-09-27 at 12:00 ET. Total volume across the 24-hour period was 40,152,634.0, with notional turnover reaching approximately ¥1,634,378.00.

Structure & Formations

Price action displayed a bearish trend with multiple pullback attempts. A key support level appears to be forming near 0.04058, marked by a bullish engulfing pattern. Resistance clusters exist between 0.04115 and 0.0415, where price has shown multiple failed breakouts. A doji formed at 0.04102, indicating indecision and potential exhaustion of short-term momentum.

Moving Averages and Bollinger Bands

On the 15-minute chart, the price is currently below both the 20 and 50-period moving averages, confirming a short-term downtrend. Bollinger Bands have expanded after a period of contraction, suggesting increased volatility. The price has since retracted to the lower band, a bearish signal, but the doji at 0.04102 hints at potential reversal or consolidation.

MACD and RSI Analysis

The MACD has crossed below the signal line, reinforcing the bearish bias. The RSI has entered oversold territory at around 25, which may indicate a short-term bounce is possible. However, without a clear move above the 50-period SMA, the bearish momentum could persist.

Volume and Turnover

Volume surged above 1.5M at 0.04117, but price subsequently declined, indicating a divergence between volume and price. This suggests buyers may be losing control. Turnover was highest during the 0.04117–0.04069 range, with lower turnover observed at the 0.04058 support level.

Fibonacci Retracements

Using the most recent 15-minute swing from 0.04058 to 0.04169, key Fibonacci levels are positioned at 0.04123 (38.2%) and 0.04100 (61.8%). Price appears to have found initial rejection near the 38.2% level, indicating that this area may offer near-term resistance.

Forward-Looking View and Risk

The next 24 hours could see NEIROJPY testing 0.04058 support and potentially attempting a retest of the 0.04115 resistance. A breakout above 0.04135 could signal a reversal, but a failure to hold above 0.0406 may deepen the decline. Investors should remain cautious of volatility spikes and divergence in volume dynamics.

Backtest Hypothesis

A potential backtesting strategy involves entering a long position on NEIROJPY when the price breaks above the 61.8% Fibonacci retracement level and confirms with a bullish candle on above-average volume. A stop-loss could be placed just below the 38.2% level. Given today’s candlestick action, this setup appears partially validated, though confirmation is still pending. Traders may consider this as a testable hypothesis for the next 48 hours, particularly if volume increases with upward momentum.