Market Overview for Neiro Ethereum/Yen (NEIROJPY)

• Price surged from 0.04043 to 0.04226 on heavy buying in late hours.
• Strong momentum in MACD and RSI suggests overbought conditions.
• Bollinger Bands widened, signaling heightened volatility.
• Volume spiked to 12M+ with turnover confirming price action.
• Key resistance at 0.04226 with potential for a pullback.

Neiro Ethereum/Yen (NEIROJPY) opened at 0.04043 on 2025-10-07 at 12:00 ET and closed at 0.04154 on 2025-10-08 at the same time. The 24-hour range was between 0.04043 and 0.04226, with a total volume of 143,348,558.0 and a turnover of approximately 6.15 billion Yen.

The 15-minute OHLCV data shows a bearish consolidation at the start of the session followed by a powerful reversal in late afternoon hours, with a clear bullish engulfing pattern forming at the end of the session. Price broke above key resistance at 0.04135, then surged to 0.04226, a level that has not seen much activity in the previous 24 hours. This breakout appears to confirm a potential shift in momentum.

The 15-minute chart shows the 20SMA and 50SMA in bullish alignment, supporting the current rally. On the daily chart, the 50DMA is at 0.04093, and the 200DMA is at 0.04116—both suggesting a neutral to bullish bias. The 100DMA is currently at 0.04101, reinforcing the idea of a breakout.

MACD flipped into positive territory with a strong histogram expansion, indicating strong bullish momentum. RSI has surged into overbought territory (~72) at the close, suggesting a potential pullback. Bollinger Bands have expanded to accommodate the sharp price move, with the current close near the upper band, indicating a period of high volatility.

The volume profile supports the recent price action, with the largest spikes occurring during the breakout to 0.04226. No notable divergence between volume and price was observed, suggesting that the move is well-supported by market participation. Fibonacci retracement levels of the recent 15-minute swing (from 0.04133 to 0.04226) show 61.8% at 0.04193, a potential area for consolidation.

Backtest Hypothesis
A possible backtesting strategy would involve entering a long position when the 15-minute MACD crosses above zero and the RSI breaches 55, provided the price is above the 50SMA. The stop-loss could be placed at the 61.8% Fibonacci retracement level of the most recent bullish move (0.04193), with a target at the upper Bollinger Band (0.0424). This approach aims to capture short-term momentum while managing risk on a volatile but well-defined bullish trend.